To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason a 35-year contract for difference assumption was used for the Swansea Bay tidal lagoon value for money assessment when the project's estimated lifespan is 120 years.
Answered on
23 June 2020
The Department considered a range of factors in coming to this conclusion. These included the proposed design life of project, the extent to which bill payers should accept operating life risk, a rapidly evolving energy market, and the falling cost of other renewable technologies.
Answered by
Department for Business, Energy and Industrial Strategy