UK consumers paying £40 for wind farms producing too much electricity
Households paid £40 on average lat year but this could jump to £150 in 2024
Company
LON:SSE
SSE PLC, formerly Scottish and Southern Energy PLC, is a holding company. The company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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Households paid £40 on average lat year but this could jump to £150 in 2024
UBS is a seller but It's a Morgan Stamley top pick
Ocean Wind 1 and 2 had been due to provide 2.2GW of power collectively from off the New Jersey coast
Seagreen cost some £3 billion and is capable of powering two-thirds of Scotland's homes
Dogger Bank will eventually provide enough power for the equivalent of six million homes
Two projects will receive government backing, SSE said
Tough regulation in wind farm auctions risks the UK missing out on cheaper energy, according to a think tank