Water Power: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 10th September 2021.

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Photo of Stephen Flynn Stephen Flynn Shadow SNP Spokesperson (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether dedicated (a) capacity and (b) strike price arrangements, to support tidal stream and wave technology, will be included in Contracts for Difference Auction Round 4 in 2021.

Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

The draft auction parameters for the fourth Contracts for Difference allocation round, including the administrative strike prices for wave and tidal stream, and any minima for particular technologies, will be published shortly.

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