New forecasts from Cornwall Insight’s Power Curve Report show that the price paid to electricity generators to maintain a stable electricity supply in the UK will remain at least £51 per kilowatt (kW) annually until the end of the decade. Substantially higher than the current £18kW rates.
Our Head of Product Development Tom Faulkner told the Times while expanding renewable energy sources will increase capacity on the grid, and lower Capacity Market prices in the longer-term, there are upfront costs.
