Achieving large volume, least cost, low carbon electricity in the 2020s
One of the UK's central energy policy objectives is to achieve a least cost, low carbon electricity system in the 2020s.
This analysis examines the role offshore wind could play in the future. It shows that subsidies for offshore wind have fallen by half and that the supply chain has proven that it can deploy on time and at scale.
It concludes that a 'commit and review' approach to offshore wind development would allow sufficient certainty for investors, flexibility to keep consumers from overpaying, and a route to enable competition between different low carbon power sources.
- Dustin Benton
- Publication Date:
- 18 November, 2015
- Low carbon energy