Solar power will be cheaper than gas by 2018 according to new figures from the Solar Trade Association (STA).
The body says that with continued policy support from the UK Government, electricity will be cheaper to generate from solar than by burning gas.
The survey of STA’s member companies and their cost forecasts between now and 2030 shows that the cost of generating electricity from a typical 10MW solar farm in the UK is set to fall faster than many think over the next 15 years.
This is partly due to a growing solar supply chain in Britain, as well as falling global prices for solar panels and inverters.
In addition, it shows that solar will be cheaper than the wholesale price of electricity at some point between 2025 and 2028.
On the other hand, it says that the cost of generating electricity from gas is forecast to increase in real terms over the next 15 years, and will always be more expensive than wholesale power.
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