tidal energy in UK - UK Govt Climate Dept
Transcript of tidal energy in UK - UK Govt Climate Dept
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UK Government policy -
Future support for Tidal Energy
Paul McCloghrieOffice for Renewable Energy Deployment
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What does the future hold for
marine energy?
UK ambitions for tidal energy
Key challenges for the future
Engaging with the Government
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Commitments
We will introduce measures to encouragemarine energy.
The Coalition: our programme for government
The UK Renewables Roadmap (July 2011)
Eight technologies identified as those with the greatest
potential to help the UK meet the 2020 target, or offer
great potential for the decades that follow.
Marine energy (wave and tidal stream) identified as one
of the eight volume delivery expected after 2020.
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Ambition
The UK Renewables Roadmap (July 2011)
200-300MW (wave and tidal) deployed by 2020
Technology Innovation Needs Assessment (Aug 2012)
Deployment scenarios range from almost no marine
energy to over 20GW in the UK by 2050.
Cost of energy generated will need to reduce by 50-75%to around 100/MWh by 2025
Successfully harnessing this energy has the potential to
deliver over 75 TWh/y (which is over 10% of the UKs
forecast electricity needs in 2050)
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Costs of large scale generation in 2020
Wind PV Biomass AD Marine Gas
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Key Challenges - costs
Energy Market Reform
2017 Technology specific Contract for Difference
Now:
Income per MWh = Wholesale price + (ROC rate x ROC value)
Under CfD:
Income per MWh is fixed at point of signing contract
Government support
Wholesale price
In
comeperMWh
Contract price
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Key Challenges - costs
Energy Market Reform
2017 Technology specific Contract for Difference
Mid 2020s Technology neutral contract auctions
Trajectory of reducing revenue support
By 2025, tidal energy will need to be competitive with
other forms of generation < 100/MWh
Going to need continued Government support to get
there!
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Engaging with Government
Is cost of energy the only thing thats important ? - NO
What are the extra advantages and disadvantages of
tidal energy Predictable (both timing and power output)
Provides UK jobs, growth, (exports?)
Small visual impacts
????
Which do the Government care about?
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Engaging with Government
Valuing the extra benefits
Ministers and Government officials are generally not
specialists - need a single comparator
Need to be able to add up all the costs and benefits
Which means
Somebody has to convert all benefits into
UK economy cash values
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Engaging with Government
Be realistic!!
Cross party support will only survive while tidal power
looks like a good investment. And cash is hard to come
by.
Think about what else Government can do to help
PPAs
Risk sharing
Take advantage of programmes targeting growth
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Summary
Costs need to reduce rapidly 100/MWh by 2025(ish)
Strong targeted Government support will be needed.
Need to communicate tidal energys extra benefits
And value these in simple (s) terms
Think creatively about how Government can help while
public spending is tight