Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have, if any, to use Regulated Asset Base funding for projects with a long construction period for tidal range projects.
The Government remains open to considering well-developed proposals for harnessing the tidal range energy in the bays and estuaries around our coastlines, including barrage schemes and other alternatives. Any such proposal would need to demonstrate strong evidence of value for money in the context of other renewable technologies, as well as details of its associated energy system benefits and environmental impact mitigation strategies before the Government could take a view on its potential or on the funding models appropriate for exploration.