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Written question asked by Baroness Whitaker (Labour) on Tuesday, 5 December 2023, in the House of Lords. It was due for an answer on Tuesday, 19 December 2023. It was answered by Lord Callanan (Conservative) on Monday, 18 December 2023 on behalf of the Department for Energy Security and Net Zero.


Wave Power: Finance

Question

To ask His Majesty's Government what assessment they have made of the case for establishing a separate contracts for difference funding pot for wave energy generation, so that its funding is no longer in competition with technologies which are closer to market.

Answer

The Government is developing auction parameters for the sixth allocation round of the Contracts for Difference scheme, including any for wave technologies. This will take into account several factors, including evidence of the pipeline of available projects. Final parameters, including the budget, will be published ahead of the round opening in March 2024.


Secondary information

Type
Written question
Reference
HL895
Session
2023-24
Subjects
Finance Wave power
Link
View this Written question on www.parliament.uk