Summary
We're consulting on the policy framework to enable investment in
long duration electricity storage.
This consultation closes at
11:59pm on 5 March 2024
Consultation description
Long duration electricity storage could provide an important
contribution to decarbonising our energy system, for example by
storing renewable power and discharging it over periods of low
wind. However there is evidence that it faces investment
challenges under current energy market framework that mean it may
struggle to deploy at scale as things stand.
This consultation sets out our intention to develop a cap and
floor mechanism to overcome the investment barriers we have
identified. The consultation seeks views on several elements of
our approach, including eligibility criteria for assessing
applications, the design of the cap and floor mechanism and our
proposed options for delivering the scheme.
It’s open to anyone to respond, but will be of interest primarily
to:
- long duration storage project developers
- investors
- electricity suppliers
- network operators
- relevant technology companies
- consumer groups
- other stakeholders
We’ve published a study on scenario deployment
analysis for long-duration electricity storage alongside this
consultation.
Read our consultation privacy
notice.
Documents
Designing a policy
framework to enable investment in long duration electricity
storage
Ways to respond
Respond online
or
Email to:
smartenergy@energysecurity.gov.uk
