Water Power: Finance

(asked on 9th June 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 7 June 2021 to Question 7070, what assessment he has made of the effect of the absence of a minima or maxima for wave and tidal stream technologies within Contract for Difference auctions on those technologies' ability to compete successfully in those auctions.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 14th June 2021

The Government recently ran a Call for Evidence inviting views on what scope there is for marine technologies across the UK including how the Contract for Difference competitive allocation process could most effectively support early commercial deployments of innovative marine technologies. This concluded on 30th September 2020 and we are now considering policy related to wave and tidal stream energy in light of the information received from the Call for Evidence.

We will publish specific allocation round parameters in advance of the next auction. This will include the details of whether any technology-specific minima will apply.

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