Pull The Other One, Mr McNeal!
By Paul Homewood
According to Hugh McNeal, chief exec of Renewable UK, onshore wind is now the cheapest form of new generation in Britain.
Perhaps he might care to explain why, at the latest Contracts for Difference auction last year, onshore wind farms were awarded guaranteed, index linked prices of between £83.22 and £86.96/MWh.
Meanwhile, the market price for electricity has been consistently below £50/MWh for nearly the whole period since 2010.
Carrington Power are currently commissioning their new 880 MW CCGT plant at Trafford and are no doubt confident that they can make money at these prices, despite regulatory pressures. If they were offered a guaranteed contract to sell all of their output, as is effectively the case with wind farms, they would no doubt be even more profitable.