Government to pay more for wind-generated energy

The government has increased the maximum price it will pay to companies for the electricity generated by new wind farms.

It comes as ministers are trying to meet challenging pledges to bring down household bills and create an electricity grid that it is almost entirely free of fossil fuels by 2030.

The Department for Energy Security and Net Zero published the details ahead of the latest auction for government-backed contracts.

The auction opens in August and will be one of the last which can deliver projects in time to meet the government’s target of Clean Power by 2030.

The Conservatives have described the new prices for offshore wind as “eye-watering”.

The government said the prices would not be what is eventually paid, as companies will put in…