FALSE – 2016 Parliamentary Question to the Department for Energy and Climate Change
The below Parliamentary question was asked by FALSE on 2016-03-14.
To ask Her Majesty’s Government, further to the reply by the Prime Minister on 9 March that we have to make sure that we get cost-effective electricity and that we go green at the lowest cost” (HC Deb
Lord Bourne of Aberystwyth
The negotiations regarding a Contract for Difference for the proposed Swansea Bay Tidal lagoon remain ongoing.
Tidal Lagoon Power (TLP) have put forward a number of alternative proposals to their 35 year strike price proposal and as these would be a significant deviation from Government policy it is right that we take time to consider these proposals as part of the on-going due diligence process.
Beyond the consideration of TLP’s alternative proposals the independent review, which Government announced on the 10 February, we will consider alternative approaches to financing tidal lagoons more generally, providing an evidence base to ensuring decisions are taken in the best interest of bill-payers – both today and in the future.
While we have made good progress with the TLP the review will need to have been completed before a final decision can be made on the Swansea Bay proposal.
Hinkley Point C would be a good deal for consumers – support for Hinkley would deliver around 7% of the country’s electricity needs with secure and reliable, low-carbon power.
We remain confident that the deal on Hinkley Point C will go ahead. We intend to publish a summary of the Value for Money assessment for Hinkley along with the contracts, once the documents have been entered into.
