NAO report: UK signs £16.6bn renewable energy contracts without price competition

 Energy and Related Services

The UK Government’s decision to award £16.6bn worth of early contracts award to eight renewable generation projects without price competition, may result in an increase in energy costs for consumers revealed by the National Audi Office (NAO) in a new report.

The Department of Energy & Climate Change’s (DECC) Final Investment Decision sanctioning for Renewables scheme to five offshore wind farms, two coal plants transformed to biomass, and one biomass combined heat and power plant, facilitated the awarding of the contracts.Read complete story athttp://www.tendersontime.com/blog-detail/nao-report-uk-signs-pound166bn-renewable-energy-contractsout-price-competition-82.php