THE GOVERNMENT HAS decided not to back the world's first tidal power lagoon as it does not offer value for money. The decision has been met mixed criticism from MPs and industry. The lagoon's owners, Tidal Lagoon Power (TLP) claims that, although the strike price would start off high (£123 per MWh), it would reduce over time to similar if not lower levels than that of the Hinkley Point C nuclear power plant (£92.50). Plus, the lagoon is expected to have a longer lifespan. However, it has come to light that without an additional £200m investment from the Welsh government the strike price would be closer to £150 per MWh.
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