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UK to Shift Wind, Solar Farms to Fixed-Price Contracts

4/21/2026

26 5 Full Breakdown

Summary

Story summary

The UK plans to transition older wind and solar farms to fixed-price contracts to shield households from gas volatility.
The proposal from the UK Energy Research Centre aims to separate electricity prices from gas prices, addressing high costs.
Energy Secretary Ed Miliband will emphasize the need for clean energy.
Since late 2022, a 45% tax applies to electricity sold above £75 per megawatt hour due to rising market prices.

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Story summary

The UK plans to transition older wind and solar farms to fixed-price contracts to shield households from gas volatility.
The proposal from the UK Energy Research Centre aims to separate electricity prices from gas prices, addressing high costs.
Energy Secretary Ed Miliband will emphasize the need for clean energy.
Since late 2022, a 45% tax applies to electricity sold above £75 per megawatt hour due to rising market prices.