Full utilisation of energy storage has the potential to cut household electricity bills by £50 a year through a system-wide saving of £2.4 billion, a new report by the Carbon Trust has claimed. The report, funded by three of the big six energy suppliers – Eon, SSE and Scottish Power – in conjunction with the Department for Energy and Climate Change (Decc) and the Scottish government, has analysed the benefits of energy in three future energy scenarios. But the report also highlights that an incompatible market structure has reduced the commercial viability of storage for investors by increasing risk and reducing revenue potential. It also said that the split of benefits across network stakeholders makes it difficult for a single one to develop a business case.
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