Whilst everyone was celebrating £246m investment in batteries, BEIS smuggled in a consultation proposing cuts to storage de-rating factors in the UK Capacity Market. Here’s what you need to know. Wasn’t Monday morning fantastic for us battery enthusiasts? Greg Clark promised to establish the UK as a world leader in batteries through launching the £246m Faraday Challenge. And – finally – after 9 long months of silence, BEIS released its action plan to remove barriers to system flexibility. Batteries were all over the mainstream news; even my Mum phoned me about it. I almost skipped into work. And then, suddenly, the mood turned sour. Early afternoon, I spotted a curious LinkedIn post by Tom Palmer: turned out the Faraday Challenge was not the only battery story of the day. Tom had uncovered a seemingly arcane consultation on the Capacity Market (CM), proposing some ‘essentially technical changes’. Except these changes had much bigger implications for storage developers than anything captured on Radio 4.
IGov 26th July 2017 read more »
On 24th July Secretary of State for Business, Energy and Industrial Strategy Greg Clark published a major new plan Upgrading our Energy System setting out the Government’s approach to the development of a smarter more flexible electricity system with the potential to help people save up to £40bn off their energy bills in the coming decades. The plan itself is the outcome of a joint call for evidence with Ofgem published last year and can be interpreted as an effort to organise, distil and set out the strategic backdrop for a range of initiatives underway between government and industry across the power sector. Alongside further funding for demonstration projects and the creation of a Battery Institute, Clark has set out a range of “upgrades’’ to existing regulation which are designed to remove barriers and encourage innovation.
Ecuity (accessed) 27th July 2017 read more »