Government raises maximum price for wind energy

Government increases maximum price for wind energy contracts in latest auction to meet clean energy targets by 2030. The Department for Energy Security and Net Zero sets maximum guaranteed prices for offshore wind, onshore wind, and solar energy projects. Companies bid below these maximum prices to win contracts, with the government then setting a final guaranteed price based on these bids. Conservative officials criticize the "eye-watering" prices, while the government argues that the shift to renewables will stabilize energy costs and benefit consumers in the long run.