Price of offshore wind power falls to cheapest ever level in UK

Contract price is nearly 6% lower than previous auction in 2019, which could ease pressure on energy billsThe price of offshore wind power in the UK has fallen to an all-time low, which could ease the pressure on future household energy bills.Following the biggest ever UK renewables auction, the government said on Thursday the contract price for windfarms was nearly 6% lower than the previous auction, despite the rising cost of materials to build windfarms. Continue reading...