I refer the Rt Hon. Member to the written statement issued on 10 December 2021 by the previous Prime Minister (UIN HCWS464). The Government remains confident that the current Memorandum of Understanding with the Committee is sufficient to allow for robust oversight of the Agencies and wider Intelligence Community.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4097", "label" : {"_value" : "Biography information for Elizabeth Truss"} } , "answeringMemberConstituency" : {"_value" : "South West Norfolk"} , "answeringMemberPrinted" : {"_value" : "Elizabeth Truss"} , "dateOfAnswer" : {"_value" : "2022-10-13", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-10-13T15:23:22.503Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "23"} , "answeringDeptShortName" : {"_value" : "Prime Minister"} , "answeringDeptSortName" : {"_value" : "Prime Minister"} , "date" : {"_value" : "2022-10-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Intelligence and Security Committee"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Prime Minister, with reference to the Intelligence and Security Committee of Parliament Annual Report 2019\u20132021, published on 10 December 2021, HC 877, whether she plans to update the Memorandum of Understanding between the Prime Minister and the Intelligence and Security Committee.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/163", "label" : {"_value" : "Biography information for Sir Stephen Timms"} } , "tablingMemberConstituency" : {"_value" : "East Ham"} , "tablingMemberPrinted" : [{"_value" : "Sir Stephen Timms"} ], "uin" : "59410"} , {"_about" : "http://data.parliament.uk/resources/1203724", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1203724/answer", "answerText" : {"_value" : "
The hurdle rates applied across the portfolio of tidal lagoons in the Department\u2019s value for money assessment[1] are shown in Table 1. The hurdle rates for other low carbon technologies estimated at the time of the value for money assessment are shown in Table 2.<\/p>
<\/p>
Table 1: Range of hurdle rates applied to proposed programme of tidal lagoons[2]<\/strong><\/strong><\/p> Hurdle Rate Scenario<\/strong><\/p><\/td> Hurdle rate <\/strong>(real terms, pre-tax)<\/p><\/td><\/tr> Low<\/p><\/td> 6.2%<\/p><\/td><\/tr> Central<\/p><\/td> 8.0%<\/p><\/td><\/tr> High<\/p><\/td> <\/p> Table 2: Selected hurdle rates for other low carbon technologies <\/strong>(up to date at time the assessment was undertaken)[3]<\/p> Technology<\/strong><\/p><\/td> Hurdle rate <\/strong>(real terms, pre-tax)<\/p><\/td><\/tr> Onshore wind<\/p><\/td> 6.7%<\/p><\/td><\/tr> Offshore wind<\/p><\/td> 8.9%<\/p><\/td><\/tr> Solar PV (>5MW)<\/p><\/td> 6.5%<\/p><\/td><\/tr> Nuclear<\/p><\/td> 8.9%<\/p><\/td><\/tr> Gas with CCUS (first of a kind)<\/p><\/td> 11.3%<\/p><\/td><\/tr> Hydro (>5MW)<\/p><\/td> 6.9%<\/p><\/td><\/tr><\/tbody><\/table> <\/p> <\/p> <\/p> [1] Available at: www.gov.uk/government/publications/swansea-bay-tidal-lagoon-value-for-money-assessment<\/em><\/p> [2] Source: BEIS commercial advisory<\/em><\/p> [3] Source: BEIS Electricity Generation Costs Report (2016), available at: www.gov.uk/government/publications/beis-electricity-generation-costs-november-2016<\/em><\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4134", "label" : {"_value" : "Biography information for Kwasi Kwarteng"}
}
, "answeringMemberConstituency" : {"_value" : "Spelthorne"}
, "answeringMemberPrinted" : {"_value" : "Kwasi Kwarteng"}
, "dateOfAnswer" : {"_value" : "2020-06-23", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "true", "_datatype" : "boolean"}
, "previousAnswerVersion" : {"_about" : "http://data.parliament.uk/resources/1203724/answer/previousversion/31135", "answeringMember" : {"_about" : "http://data.parliament.uk/members/4134", "label" : {"_value" : "Biography information for Kwasi Kwarteng"}
}
, "answeringMemberConstituency" : {"_value" : "Spelthorne"}
, "answeringMemberPrinted" : {"_value" : "Kwasi Kwarteng"}
}
, "questionFirstAnswered" : [{"_value" : "2020-06-23T10:20:49.237Z", "_datatype" : "dateTime"}
], "questionFirstMinisteriallyCorrected" : [{"_value" : "2020-06-26T13:35:17.347Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2020-06-15", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Tidal Power: Swansea Bay"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to his Answer of 9 June 2020 to Question 51817 on Tidal Power: Swansea Bay, what range of hurdle rates, comparable to those more established renewable energy technologies, such as solar PV, onshore wind and large hydropower, were used for the Swansea Bay tidal lagoon value for money assessment.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3926", "label" : {"_value" : "Biography information for Paul Maynard"}
}
, "tablingMemberConstituency" : {"_value" : "Blackpool North and Cleveleys"}
, "tablingMemberPrinted" : [{"_value" : "Paul Maynard"}
], "uin" : "59410"}
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9.2%<\/del>9.0%<\/ins><\/p><\/td><\/tr><\/tbody><\/table>