Kwasi Kwarteng corrected a written answer on Tidal Power: Swansea Bay
Paul Maynard (Conservative, Blackpool North and Cleveleys) asked written question 59410 on 15 June 2020. Kwasi Kwarteng answered on 23 June 2020 for the Department for Business, Energy and Industrial Strategy, and Kwasi Kwarteng corrected the answer on 26 June 2020. The figure 9.2 in the original became 9.0 in the correction, lower by 0.2. Altogether 2 words differ between the two versions.
The question
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his Answer of 9 June 2020 to Question 51817 on Tidal Power: Swansea Bay, what range of hurdle rates, comparable to those more established renewable energy technologies, such as solar PV, onshore wind and large hydropower, were used for the Swansea Bay tidal lagoon value for money assessment.
Original and corrected answer
Struck through: original only. Bold: correction only.
| Original | Corrected |
|---|---|
| The hurdle rates applied across the portfolio of tidal lagoons in the Department’s value for money assessment[1] are shown in Table 1. The hurdle rates for other low carbon technologies estimated at the time of the value for money assessment are shown in Table 2. Table 1: Range of hurdle rates applied to proposed programme of tidal lagoons [2] Hurdle Rate Scenario | Hurdle rate (real terms, pre-tax) Low | 6.2% Central | 8.0% High | Table 2: Selected hurdle rates for other low carbon technologies (up to date at time the assessment was undertaken)[3] Technology | Hurdle rate (real terms, pre-tax) Onshore wind | 6.7% Offshore wind | 8.9% Solar PV (>5MW) | 6.5% Nuclear | 8.9% Gas with CCUS (first of a kind) | 11.3% Hydro (>5MW) | 6.9% [1] Available at: www.gov.uk/government/publications/swansea-bay-tidal-lagoon-value-for-money-assessment [2] Source: BEIS commercial advisory [3] Source: BEIS Electricity Generation Costs Report (2016), available at: www.gov.uk/government/publications/beis-electricity-generation-costs-november-2016 | The hurdle rates applied across the portfolio of tidal lagoons in the Department’s value for money assessment[1] are shown in Table 1. The hurdle rates for other low carbon technologies estimated at the time of the value for money assessment are shown in Table 2. Table 1: Range of hurdle rates applied to proposed programme of tidal lagoons [2] Hurdle Rate Scenario | Hurdle rate (real terms, pre-tax) Low | 6.2% Central | 8.0% High | 9.0% Table 2: Selected hurdle rates for other low carbon technologies (up to date at time the assessment was undertaken)[3] Technology | Hurdle rate (real terms, pre-tax) Onshore wind | 6.7% Offshore wind | 8.9% Solar PV (>5MW) | 6.5% Nuclear | 8.9% Gas with CCUS (first of a kind) | 11.3% Hydro (>5MW) | 6.9% [1] Available at: www.gov.uk/government/publications/swansea-bay-tidal-lagoon-value-for-money-assessment [2] Source: BEIS commercial advisory [3] Source: BEIS Electricity Generation Costs Report (2016), available at: www.gov.uk/government/publications/beis-electricity-generation-costs-november-2016 |
The question and answer on the Parliament website.
More on Kwasi Kwarteng.
Receipt
| Read from | https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1203724?expandMember=true |
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| Date read | 15 October 2026 |
| SHA-256 | 800e17d9e677d15cea3c7d8d791a75707fd82b24ed3cc1a19705e4516d3e7728 |