Proposals to develop new fixed price contracts for early offshore wind farms have been backed by RenewableUK, the trade body behind the sector.
The move to long-term deals are seen as a way to cut bills for consumers and reduce exposure to volatile gas prices.
Renewables obligations were in place prior to the new Contracts for Difference regime. The largely-heralded scheme has helped the UK procure large amounts of cheap renewable capacity, generating power at fixed prices. Any revenues above are paid back to aid consumers.
