Tidal Power: Finance

(asked on 31st January 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps she is taking to (a) develop the tidal stream ringfence and (b) work with industry on this resource.


Answered by
Andrew Bowie Portrait
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 5th February 2024

The Government is undertaking analysis of the technology pipeline available for Contracts for Difference Auction Round 6 against our legal obligation to ensure the auction round is competitive. We are considering the appropriate parameters for all technologies, including tidal stream.

Final parameters will be published in the Budget Notice in March 2024, ahead of the round opening.

The Department continues to engage with the industry and other stakeholders to maximise opportunities for developing tidal stream in the UK.

Reticulating Splines