U.K. Urged to Auction Renewable Energy Contracts
This article is for subscribers only.
The U.K. should hold competitive auctions for most renewable power contracts to bring down technology costs and lower the impact on consumer electricity bills, an analyst linked to the ruling Conservative Party said.
Biomass, onshore wind power and energy-from-waste could all compete against each other for electricity generation contracts from as early as next year, Policy Exchange said today in a report. Solar power may also be able to compete, while a technology-specific auction with a fixed budget should be held for offshore wind power, it said.