Powering Up Britain

Deidre Brock Excerpts

Thursday 30th March 2023 Commons Chamber

[Deidre Brock (Edinburgh North and Leith) (SNP)]

RenewableUK commented that the budget and parameters set for the most recent contract for difference auction are currently too low and too tight to unlock all the potential investment in wind, solar and tidal stream. Tidal alone could produce huge amounts—up to 11 GW —of reliable clean electricity for far less than the cost of nuclear. The Minister claims he supports tidal, so why have the Government cut their funding commitments to it?

[Graham Stuart]

We have not cut our funding commitments; we have moved to a one-year allocation. The budgets are set based on our assessment of projects and where they are in the planning and permissions process. Those budgets, if projects can come forward and put themselves in a different position, can be altered by Ministers. I think we are in a fantastic position. We are the world leader and we have put in a ring-fenced pot specifically for tidal, so I suggest to the hon. Lady and her constituents that they should be celebrating Government support for tidal. We are the world leader, we are going further and our support continues. I look forward to visiting Scotland, and indeed Orkney, next week with a view to learning more about tidal potential, an enthusiasm for which I share with her.