Tidal Power: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential merits of increasing the budget for (a) tidal stream technologies and (b) other Pot 2 technologies in Allocation Round 8 above the £15 million provided in Allocation Round 7.
Answered by Michael Shanks
For Allocation Round 8 of the Contracts for Difference scheme, the Government will consider a range of factors when setting budgets and parameters for tidal stream and other technologies, including the pipeline of eligible projects, progress towards decarbonisation targets, and value for money for consumers.
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