Jassy - Great! If renewables technology can pay for itself and stand on its own two feet on a par with gas fired technology by 2020 then lets cut the subsidy now and wait until then and build whatever is cheapest. Its only 5 years away. In the meantime lets shut down all the coal fired power stations and build gas fired ones. It all makes sense if your figures are correct.
Well, first, the government has got there ahead of you.
Second, the point of subsidy is to help those technologies scale up and become competitive. Unlike subsidies for, say, North Sea oil and gas. Funnily enough, no one seems to include the cost of subsidising our oil and gas industry in the cost of gas-fired power. Let alone costs associated with emissions and adapting to climate change.
Problem is 'grid parity' almost always ignores the cost of back up power stations required to deal with intermittancy of renewables and on top of that ignores the cost of building the transmission lines out the remote offshore locations where the turbines stand. Fine if the true full cost is being covered I'm all for renewables. Not if they require a subsidy.
I'm imagining you're anti-nuclear then, given that base load new nuclear (from 2023) is more expensive than onshore. I personally favour a combination of new nuclear and lots and lots of investment in big battery technology for the (distant) point at which base load gas is history.
Would you care to point me to the figures you are using
Lots on gov.uk on this - the latest CfD auction is a good place to start, as is the government's figures around changes to the LCF.