The UK energy price cap was introduced in 2019 as a means to protect billpayers on variable electricity and gas tariffs. It’s designed to both ensure fair pricing and reflect the underlying cost of supplying energy, but what actually goes into it? 🤔 Ahead of the price cap changing tomorrow (1 April), our latest blog explores the costs that go into the price cap, how Ofgem sets it each quarter, what is changing from tomorrow, as well as what 'policy costs' and 'network costs' actually are 💡 👉 renewableuk.com/news-and-res… We have a growing range of resources and articles covering renewables and the energy transition, as well as a library of 'myth-busting' resources to help correct the record and establish the facts with political stakeholders, decision-makers, and the general public. You can find out more and access them below: 🔗 renewableuk.com/news-and-res…

Our Chief Executive Tara Singh (@RenewableUKCEO) caught up with @CityAM and @ChristianJMay to discuss the increasing polarisation in how we talk about energy, and the role that all forms of it have to play together. "Whether you care about net zero, or care about low energy costs, or care about jobs... you have to recognise the role of renewables." Watch here 📹 youtube.com/watch?v=4f4WgiKy… Tara also discussed the UK's energy resilience, following the publication of our new report on energy and national security. The report draws on a literature review, expert interviews and a tabletop exercise run with @RUSI_org to stress-test UK resilience under three plausible winter-time energy crisis scenarios, before providing six recommendations for Government that will help us deploy the new tools we need to meet the threats of this age. Find out more here 📖renewableuk.com/news-and-res…

@energygovuk has announced the results of the non offshore technologies for the Contracts for Difference (CfD) auction AR7a, with 28 onshore wind projects awarded, totaling a capacity of 1.3 GW at a strike price of £72.24 per megawatt hour (MWh). Alongside the solar and tidal projects which also won contracts, these projects could support up to 10,000 jobs and bring £5 billion in private investment ⚡ 📊 📰 renewableuk.com/news-and-res… Watch our latest video featuring Head of Onshore Wind James Robottom who tells us how this auction builds on the record-breaking offshore wind results announced last month and profiles the private investment, community benefits, and fresh opportunities throughout England, Scotland and Wales, with a total capacity of 1.3 GW, The capacity awarded today is enough to power more than 1.2 million homes 🏠 ⚡ @RUKCymru Director Jessica Hooper also explains how this result will attract much needed investment in Wales and could support up to 3,000 well paid jobs 🛠️ 📰 renewableuk.com/cymru/record… Policy Manager, Market Design Nick Hibberd explains how explains how onshore wind is much more cost-effective for billpayers than new generation from gas at £147/MWh and new nuclear power at £124/MWh 📉 Finally, Senior Policy Analyst Shareiss Smith sets out how onshore project give back to communities through community benefit funds, we estimate these new projects will generate more than £6.5 million in community benefits for those living near them. Examples of case studies throughout the country such as Pen y Cymoedd are available in our joint report with @ScottishRenew: 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐢𝐧 𝐚𝐜𝐭𝐢𝐨𝐧: 𝐜𝐚𝐬𝐞 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐨𝐧𝐬𝐡𝐨𝐫𝐞 𝐰𝐢𝐧𝐝 𝐬𝐞𝐜𝐭𝐨𝐫 🌲 📎 renewableuk.com/news-and-res…