Energy Policy

Debate between Lord Henley and Baroness Finn

Monday 25th June 2018 Lords Chamber

[Baroness Finn (Con)]

My Lords, I am deeply disappointed by the Government’s decision. It is short-sighted and a huge missed opportunity. The Government rightly insist that the Swansea Bay tidal lagoon should represent value for money, but the Government have consistently failed to name the price. Therefore, will the Minister agree to publish the Treasury Green Book business case, including all the supporting value-for-money calculations and evidence that were used to arrive at today’s decision?

[Lord Henley]

My Lords, as I made clear, this electricity was going to come in at some three times the price of electricity produced by Hinkley Point. I think that many noble Lords would feel that Hinkley Point is expensive enough as it is. I will certainly make whatever documents are appropriate available to my noble friend, and to the House more generally, with the obvious caveat that any commercially sensitive information cannot be released. However, considerable information can be released.

Swansea Tidal Lagoon: Hendry Review

Debate between Lord Henley and Baroness Finn

Tuesday 1st May 2018 Lords Chamber

[Baroness Finn]

To ask Her Majesty's Government what are their plans, if any, for the Swansea Tidal Lagoon, following the Hendry Review published in January 2017.

[The Parliamentary Under-Secretary of State, Department for Business, Energy and Industrial Strategy (Lord Henley) (Con)]

My Lords, work associated with the Hendry review and the proposed Swansea Bay tidal lagoon continues. The Department for Business, Energy and Industrial Strategy remains focused on it. Any decision will have to represent value for money for the United Kingdom taxpayer as well as the consumer.

[Baroness Finn (Con)]

I am grateful to my noble friend for his Answer. Given that the Hendry report said that the Swansea pathfinder would cost households less than the cost of a pint of milk per year, that no country in the world is better placed to be a hub for the development and export of tidal power technology, and that the tidal barrier could be a significant user of steel from the nearby Port Talbot steelworks, does my noble friend agree that it is now time to do what the late great Lord Crickhowell did with the Cardiff Bay regeneration project—cut through the procrastinating and just get on with it?

[Lord Henley]

I am grateful to my noble friend for paying tribute to our late friend Lord Crickhowell, who we all miss, and for setting out a number of arguments in favour of the Swansea Bay tidal lagoon. Obviously, there are a number of matters to consider, not just those that she mentioned but the costs and environmental concerns. We will take all of those into consideration, and, along with the Welsh Government, make an announcement when it is appropriate.