Dec 1 2023 to Nov 30 2026, will a UK strike price of £65 (2012 prices) for offshore wind save consumers money?
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"Between 1 December 2023 and 30 November 2026, will a UK strike price of £65 (2012 prices) for offshore wind result in net savings, inflation-adjusted, for the Low Carbon Contract Company to a hypothetical renewable generator?"
- Potential outcomes:
- Yes, it will result in net savings for the Low Carbon Contract Company.
- No, it will result in net payments from the Low Carbon Contract Company.
- Source: Low Carbon Contract Company
- Reference project: "Triton Knoll Offshore Wind Farm Phase 1" (CFD_ID: AR2-TKN-103), with a strike price of £74.75 per MWh (2012 prices), needs to be adjusted to reflect a strike price of £65.
