Wind and solar power likely to match gas on cost by 2020, say UK climate advisers

Climate Change Committee say that onshore windfarms and large solar projects will soon be cost competitive with gas, given expected cost of carbon

Onshore wind and large solar farms are likely to be competitive on cost with gas-fired power generation by the end of this decade, according to the government's climate change advisers, but only if gas pays its fair share through a carbon price.

In order to meet these expectations, investors must gear up in the next few years to put new money into all low-carbon sectors, and government must give them the policy signals they need in order to do so, said Matthew Bell, chief executive of the Committee on Climate Change.