Source · Select Committees · Science and Technology Committee
Recommendation 40
40
Paragraph: 109
The Government, supported by the Future System Operator and as part of its planning, should...
Conclusion
The Government, supported by the Future System Operator and as part of its planning, should incentivise the right mix of technologies by specifying in detail which energy system services it wants to procure, including storage capacity and duration, in line with the Assessment of Likely Need. This should include suggested levels of payment and published modelling should project the likely levels of demand so that revenue streams can be forecast. Energy storage projects that can provide additional services to the grid should be incentivised to do so by receiving additional payments above the “revenue floor” if they are eligible for the commercial long-duration energy storage cap and floor mechanism.
Paragraph Reference:
109
Government Response
A response document is linked to this report, dated 16 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗