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Value For Money And Swansea Bay Tidal Lagoon

EDM number 472 in 2017-19, proposed by Edward Davey on 30/10/2017.
Categorised under the topics of Electricity and Renewable energy.

That this House calls on the Government to announce in the forthcoming Budget to proceed with Swansea Bay Tidal Lagoon as a pathfinder project, as recommended in the Hendry Review, as it represents value for money; refers the Government to the fact that the proposed financing structure was developed in 2016 with officials from HM Treasury and meets all the National Audit Office tests on value for money; notes that in addition a decision to proceed can deliver huge social and economic value including the creation of a new British industry, the benefits of learning from a first-of-kind project, direct and indirect job creation, public amenity and carbon reduction; is impressed that even as a first of a kind project Swansea Bay requires less subsidy per unit of electricity produced than Hinkley Point C and less subsidy than any UK offshore wind farm built to date, as well as requiring a lower financial return than new nuclear and offshore wind; further notes the project would take up less than 0.4 per cent of the Government's allocation to low carbon subsidies, initially costing 18 pence per annum per household, followed by a period of subsidy-free electricity far exceeding the lifespan of an offshore wind farm; and believes proceeding with Swansea Bay Tidal Lagoon will unlock a major new British industry highly complementary to the UK's offshore wind industry, given tidal power's predictability and reliability.

This motion has been signed by a total of 21 MPs.

Edward Davey30/10/2017Kingston and SurbitonLiberal DemocratProposed
Stephen Kinnock30/10/2017AberavonLabourSeconded
Tim Farron30/10/2017Westmorland and LonsdaleLiberal DemocratSeconded
Liz Saville Roberts30/10/2017Dwyfor MeirionnyddPlaid CymruSeconded
Jeremy Lefroy30/10/2017StaffordConservativeSeconded
Geraint Davies30/10/2017Swansea WestLabourSeconded
Edward Leigh30/10/2017GainsboroughConservativeSigned
Kelvin Hopkins01/11/2017Luton NorthLabourSigned
Ronnie Campbell01/11/2017Blyth ValleyLabourSigned
Jo Stevens02/11/2017Cardiff CentralLabourSigned
Hugh Gaffney02/11/2017Coatbridge, Chryston and BellshillLabourSigned
Ben Lake02/11/2017CeredigionPlaid CymruSigned
Angus MacNeil06/11/2017Na h-Eileanan an IarScottish National PartySigned
Alan Brown20/11/2017Kilmarnock and LoudounScottish National PartySigned
Stephen Gethins21/11/2017North East FifeScottish National PartySigned
Chris Law21/11/2017Dundee WestScottish National PartySigned
Tonia Antoniazzi27/11/2017GowerLabourSigned
Hywel Williams19/12/2017ArfonPlaid CymruSigned
Drew Hendry08/01/2018Inverness, Nairn, Badenoch and StrathspeyScottish National PartySigned
Layla Moran12/03/2018Oxford West and AbingdonLiberal DemocratSigned
Rosie Cooper30/04/2018West LancashireLabourSigned

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