A new report paid for by some of Britain’s Big Six energy suppliers and the Scottish and UK government – has found that household bills could be cut by £50 a year through energy storage. The report details total cost savings for the UK electricity system, should the potential for energy storage be realised, of up to £2.4bn a year by 2030. The report (Can storage help reduce the cost of a future UK electricity system?) was collaboratively funded by three major utilities – SSE, Scottish Power and E.On – as well as the UK Department of Energy and Climate Change (DECC) and the Scottish Government. The analysis, carried out over 12 months by the Carbon Trust and Imperial College London, is the most comprehensive review to date of the benefits of storage at a UK-system level.
Scottish Energy News 20th May 2016 read more »