Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether her Department (a) plans to ringfence tidal stream in future Contracts for Difference allocation rounds and (b) has made an assessment of the impact of ringfencing budget for tidal stream on levels of private investment in that energy supply.

Parameters for each allocation round of Contracts of Difference are set on an annual basis ahead of the round opening. They take into account evidence of the pipeline of available projects, as well as adherence to the scheme’s statutory objectives. The Government will publish details of the parameters ahead of Allocation Round 6 in March 2024.