electricity storage network

In the final Price Watch of this series we explore imbalance prices dropping to -£18.81 as the Electricity Storage Network highlights concerns on National Grid ESO’s bid to run the GB electricity system for periods at zero carbon. 

Regen, on behalf of six trade bodies, has called on the Department for Business, Energy and Industrial Strategy (BEIS) Secretary Grant Shapps to address network constraints with many facing connectivity delays of up to 15 years.

​The impact of high gas prices has emphasised the need to invest in storage technologies, the Electricity Storage Network (ESN) has said.

Ofgem’s decision to classify energy storage as a subset of generation must be a “stopgap measure” until parliamentary time is found.

Ofgem is hoping to eradicate the double-charging of storage assets through the addition of a formal definition of energy storage to the regulatory framework.

Energy storage could have saved Britain from some of the economic and environmental impact of National Grid’s shortfall in energy capacity during Wednesday’s evening peak, according to one industry expert.