To ask the Secretary of State for Business, Energy and Industrial Strategy, what the planned timescale is for the auction process for tidal wave energy; and when the parameters for that auction process will be published.
29 March 2021
As my Rt. Hon. Friend the Prime Minister announced through the 10 Point Plan, the next Contracts for Difference (CfD) allocation round will open in late 2021. This is set to be our biggest auction yet, with the aim of securing up to double the renewable electricity capacity of previous rounds.
We remain on course with this timetable and plan to publish draft auction parameters roughly five months ahead of round opening, with final parameters set just before round opening. These parameters will cover all technologies eligible to compete in this auction, including wave and tidal energy.