Research by Cornwall Insight into Britain’s power market out to 2030 has shown that energy prices will remain greater than £100/MWh annually, with highs of £150/MWh in winter 2025 due to delays to the Hinkley Point C nuclear power plant, increasing high-cost peaking capacity and nuclear power station closures. This is a significant increase to the five year pre-2021 historic average, which was just £50/MWh in Winter and even lower in Summer. Although renewable generation is forecast to rapidly increase … read more »
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