Energy from offshore wind in the UK will be cheaper than electricity from new nuclear power for the first time.
The cost of subsidies for new offshore wind farms has halved since the last 2015 auction for clean energy projects
Two firms said they were willing to build offshore wind farms for a subsidy of £57.50 per megawatt hour for 2022-23.
This compares with the new Hinkley Point C nuclear plant securing subsidies of £92.50 per megawatt hour.
Nuclear firms said the UK still needed a mix of low-carbon energy, especially for when wind power was not available.
Both nuclear and wind receive subsidies, but for the first time wind is coming to market with less, so providing the same electricity with less cost to the public than nuclear.
(Score: 0) by Anonymous Coward on Tuesday September 12 2017, @04:39PM (4 children)
Yes, but unless the market price falls to zero, a guaranteed price of £57.50/MWh is never a subsidy of £57.50/MWh. But the latter is what the summary claims.
(Score: 4, Informative) by c0lo on Tuesday September 12 2017, @05:07PM (3 children)
I think you are unfairly shaming Phoenix666.
My understanding is: they are now bidding for subsides the UK govt is offering, the bid being not the absolute level of subsidies, but the expected minimum guaranteed price. It wasn't necessarily so in the past, but in this today context, the terminology used is "bidding for subsidies", with the disambiguation considered perhaps evident for the UK-nians. If I'm right, it is not Phoenix666 that instilled a false view of the situation, but BBC itself.
Checking:
I could not find anything in TFA that explicitly says: "the level of subsidies will cover the difference between the selling price and the bid offer".
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Informative) by FatPhil on Wednesday September 13 2017, @09:18AM (2 children)
Editors could have made the quoting more quotey, so there's be no confusion, admittedly.
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Wednesday September 13 2017, @11:42AM (1 child)
That's not english - it's british.
(Score: 2) by FatPhil on Thursday September 14 2017, @03:38AM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves