Recommendation 19

The Government should justify the rationale for lowering the ringfenced amount of funding for tidal stream in the latest Contracts for Difference auction, and we invite the future Energy Security and Net Zero Committee to consider that rationale and to challenge it if it thinks necessary. We also ask the Government to consider longer term CfDs for tidal energy, reflecting the longer lifecycle for tidal energy compared to, for example, offshore wind turbines. Industry has requested the setting of a target of tidal stream deployment in order to send further market signals. We ask the Government to consider setting a 1GW target for tidal stream by 2035.