Green energy supplier Ecotricity has announced it is ready to compete to build the first tidal lagoon energy site in the UK.

The firm claims it can develop these kind of projects in the country for almost half the price that is currently proposed for the Swansea Bay project.

The announcement follows the government’s plans to review the feasibility and practicality of tidal lagoon energy in the UK.

The company stated it has also written to the DECC urging it to take its time and look more closely at the cost of tidal.

Ecotricity founder, Dale Vince said: “The Government has been agonising for a while about what level of support to give to the first tidal project in Britain. They’re clearly interested in the technology, which is a good thing but they’ve been put off by the price tag of £168/MWh proposed by Swansea Bay – that’s understandable.

“We welcome the review because we’re confident that tidal power projects can be built around Britain at much closer to £90/MWh – that’s the same price the government are paying to support nuclear energy but without the risks or clean-up costs.”