Businesses could provide electricity equivalent to output of six new power stations by flexing demand and utilising better-enhance onsite generation projects, a new report from the Association for Decentralised Energy (ADE) has claimed. The Flexibility on Demand report, released on Tuesday (19 July), has revealed that businesses venturing in to demand response initiatives could establish a 10-fold increase in revenue streams – having already gained £100m from the Government’s Capacity Market.The report notes that UK energy consumers would save £2.3bn by 2035 and that more business-led demand response initiatives would reduce demand on the electricity grid and lower national costs by £8.1bn by 2030 – more than £300 per household. ADE’s director Tim Rotheray said: “Keeping the lights on and our factories running is becoming increasingly challenging as the electricity market changes. We are building more wind and solar, which cannot always be depended on, and we are seeing our traditional large nuclear and coal power plants close down.
Edie 20th July 2016 read more »