Offshore wind price cap hike welcomed as boost to east coast industry

News that wind farm developers can charge more for the electricity they send to British homes has been well received by a key industry body in the North East.
The chief executive of energy sector organisation NOF said the Government should be given credit for listening to the industry and reacting accordingly. A move to increase the price paid to supply power – known as the strike price – from £44 per megawatt hour (MWh) to £73 follows the last, disastrous offshore wind auction round in which the Government received no bids from prospective developers.
This summer’s botched round provoked fury in the energy indust …