Invest in gas not wind says think tank

The government should scrap 4GW of its planned 13GW target for offshore wind generation by 2020 says a report published today by the Policy Exchange.

By building cheaper gas generation instead, says the think tank, the government could save £700-£900m a year in costs that would have been passed onto bill payers, reports the Daily Telegraph.

These savings could be redeployed by insulating hundreds of thousands more homes and doubling public funding for research and development in key low-carbon technologies, it said.