Last Friday a new ARUP report analysed a possible approach towards a market stabilisation mechanism, and concludes that a competitive Market Stabilisation Contract for Difference would enable decarbonisation in the most affordable way and in the most suitable locations.
And what does this mean? [We’ll never win a Plain English Award using language that that!]
It means that onshore wind can not only deliver clean, local electricity, but that if the Government is prepared to act on the evidence, it can also deliver it more cheaply than any other energy source.
Onshore wind is the cheapest, scaleable form of new electricity generation – policy is required to reduce exposure to volatile market prices as well as the associated risks, and we now need policy-makers to base their policy on what is clean, cheap, reliable, safe, and local.
The full report can be downloaded here: https://www.arup.com/publications/research/section/enabling-investment-in-established-low-carbon-electricity-generation?query=enabling