The benchmark for electrification justification commonly used in arguments like this is a half hourly service. I've not seen anything official to justify this, but it appears to be broadly in line with the kind of routes that have electrification in the UK/ those which don't.
Cardiff to Swansea has up to three diesel trains an hour, but many of them wouldn't be "saved" by electrifying the line because they continue into south west Wales.
Well, as I said, you couldn't make the Manchesters electric even if they didn't go into south-west Wales, and the Intercity service can be electric up to Swansea and have a diesel loco attached beyond there (which is only 3 trains a day max). So, the Intercity is an hourly electric service. The Swanline services should be hourly and in my opinion it would be acceptable if any that are combined with services west of Swansea were split in two at Swansea, so that's your half-hourly service (Londons and Swanlines, leaving only 1 diesel service per hour (and since that comes from Manchester, it can't be electric)).
Personally, I'd like to see the Cardiff - Taunton service replaced by a service from north of Bristol (wherever it is the Weymouth services come from at the moment, they would start at Bristol instead) to Taunton and a Bristol - Swansea service, which would be a third electric between Cardiff and Swansea, but some consider 3 fast tph and the hourly swanline to be an overprovision between Swansea and Cardiff. I suppose you could have this Swansea - Bristol instead of the Manchester and terminate Manchesters at Cardiff. Carmarthen/Pembrokeshire should have an hourly service to Cardiff, but via the Swansea District Line (if we had that, there would be not much point in a hourly Carmarthen/Pembs - Cardiff through service via Swansea).
Basicly, the following hourly services:
- London - Swansea (electric)
- Bristol - Swansea (electric)
- Cardiff - Swansea (Swanline (all stations) - electric)
- Manchester - Swansea (diesel)
- Cardiff - Carmarthen/Pembs (diesel, via SDL)
Would it be better if the Manchester - Swansea service was only Manchester - Cardiff (the other services would be the same)?
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How actually far west of Swansea do these trains go?
Is it 30 miles or 100? If the former there is always the "nuclear" option.
What "nuclear" option?
There's a daily Carmarthen service, to PAD in the morning and back in the evening. On Sundays, there are three Carmarthen - PAD services. On summer Saturdays, there are also two more trains between Carmarthen and PAD, which come from Pembroke Dock. Using Google Earth, Carmarthen is a tad over 31 miles from Swansea. It is another 14miles thence to Whitland, and 27 from there to Pembroke Dock. So Paddington trains go both 30 miles west of Swansea and 72 miles west of there.