The UK’s Environmental Audit Committee said government can do more to advance tidal energy projects to market, arguing ‘the benefits outweigh the costs’. The UK government is being urged to show greater support for tidal energy in its net-zero planning, and to engage constructively with the sector to advance new projects to commercialisation. Members of the Environmental Audit Committee (EAC) said the tidal sector can make “a significant and distinct contribution” to the UK’s energy mix, and its potential benefits “merit government support for the development of this sector” to a stage where significant commercial investments can be attracted. Suggestions include funding detailed studies to take tidal range projects beyond concept stage, discussing an administrative price strike for tidal stream projects in upcoming contracts for difference auctions, and considering a power purchase agreement model to avoid costs being passed onto household bills.
NS Energy 31st March 2021 read more »