Indian Ferro Alloys Faces Numerous Challenges in 2024
United Kingdom Expects to Boost Electricity Produced from Wind Energy in 2023
By Shubhendra Anand , 26 December, 2023
The United Kingdom government to provide more electricity from wind energy production in 2023. The government of the UK expects to implement this in the following renewable energy auction in 2023.
According to the decision taken by the United Kingdom, it will increase the number of electricity produced from wind farms by 66 percent in 2023. The clean energy transformation is happening at the root level worldwide, and UK’s recent decision to boost the electricity from wind production implies decisive actions towards the target. The clean energy transformation target is to achieve the target by the end of 2050 and at least half the goals by 2030. The United Kingdom government took these initiatives for many reasons, such as a hike in interest rates, wind energy providers' complaints of rising prices, and other reasons showing the government's willingness to provide electricity at lower prices to consumers in 2023.
Based on a survey, the UK government plans to offer higher subsidies for the new offshore wind energy farms in 2023. The wind energy developers have restricted themselves from the earlier wind energy auctions regarding prices set for electricity by the government to provide consumers. Sources revealed that the prices are expected to be around 70-75 pounds in 2023.
According to the UK government, by offering electricity from wind energy, the nation wants to provide its consumers with clean energy to help reduce the electricity bills. The UK is depending heavily on offshore wind energy to be on track to achieve net zero by the end of 2050. Therefore, the UK government targets providing consumers with homegrown clean energy that would help achieve the clean energy transformation.
Different sources of electricity production in the UK in the first quarter of 2023
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Shubhendra Anand
Head Research
