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UK government to move older wind and solar farms to fixed-price contracts in radical market intervention
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Politics·4/20/2026AI summary

UK government to move older wind and solar farms to fixed-price contracts in radical market intervention

The UK government has confirmed plans to move older wind and solar farms, comprising nearly a third of Great Britain's power market, on to fixed-price contracts to protect households and businesses from gas market volatility. The voluntary shift represents the government's most radical attempt to weaken the impact of soaring wholesale gas prices on electricity costs. Under the plans, legacy generators will be offered contracts similar to those used by low-carbon projects since 2017, or face higher windfall taxes. Analysts estimate the change could save between £4bn and £10bn annually if market prices remain high.

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Guardian UK