Recommendation 63

The Review of Electricity Market Arrangements and decisions on locational pricing should be concluded swiftly to avoid any disruptions to investment. It should ideally include a mechanism to introduce locational incentives for industrial and energy storage projects to build in favourable locations for overall grid management, alongside interventions to shield domestic consumers from price variations. We recommend that the Review also establishes a more transparent, clear and predictable marketplace for the balancing services and services enabling resilient energy supply that the systems operator will want to procure to encourage an appropriate mix of long-duration energy storage technologies. Any reforms should be communicated and explained clearly, and should align with the aims of the Strategic Spatial Energy Plan. (Paragraph 175) < Back Next > © Parliamentary copyright 2024 A-Z index Glossary Contact us Freedom of Information Jobs Using this website Copyright Privacy notice Cookie policy Cookie Manager House of Lords - Long-duration energy storage: get on with it - Science and Technology Committee Accessibility Email alerts RSS feeds Contact us Home Parliamentary business MPs, Lords & offices About Parliament Get involved Visiting Education House of Commons House of Lords What's on Bills & legislation Committees Publications & records Parliament TV News Topics You are here: Parliament home page > Parliamentary business > Publications and Records > Committee Publications > All Select Committee Publications > Lords Select Committees > Science and Technology > Science and Technology Long-duration energy storage: get on with it Contents