Tidal lagoon strike price close to Hinkley Point’s £92 could give project the green light, says ex-Welsh Water boss. A former managing director of Welsh Water has said that a 90-year agreement on a strike price could be the way ahead for Swansea Bay tidal lagoon. Nigel Annett said that bond investors such as pension funds, who would provide most of the finance for the lagoon’s construction, are interested in “long-term, low risk investments.” If the Swansea Bay lagoon can beat the strike price agreed for Hinkley Point C nuclear power station – £92.50 per megawatt hour – “that should give it the green light.” While that may be on the low side, Sir Terry Matthews, chairman of Swansea Bay City Region board, did confirm this week that a figure below £100 is being considered. Mr Matthews said he had been assured that the strike price would be less than £100. Either figure would be a long way below the £168 suggested in an independent report in 2014, although that was based on a term of 35 years rather than the 90 now being put forward.
Wales Online 27th Jan 2016 read more »