Charles Walker – 2015 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Charles Walker on 2015-10-20.

To ask the Secretary of State for Energy and Climate Change, what the level is of public subsidy per megawatt of energy generated sought by the developers and operators of the proposed Swansea Bay tidal lagoon; and how this subsidy compares to similar subsidies sought by the nuclear industry.

Andrea Leadsom

The negotiations between the UK Government and Tidal Lagoon Swansea Bay PLC are commercially sensitive and it is not appropriate for us to comment on matters such as the potential strike price.

The negotiations must be kept confidential in order to allow the Government to secure the best possible deal for consumers.

Any decision to offer a contract for difference (CFD) would be subject to strict value for money considerations, the funds available within the Levy Control Framework at the time of a decision and be subject to State aid approval.

If issued, any CFD would be published once completed, including the strike price, having redacted commercially sensitive information.