cap and floor

With Ofgem's call for input into the long-duration energy storage (LDES) scheme closing in two days' time, we look at the latest proposals and what's changed in the last three months, and hear from RheEnergise and Drax.

The pathways to clean power set out by the National Energy System Operator (NESO) all follow a route along the far reaches of feasibility, necessitating significant changes in approach from industry, regulators, government and NESO.

The UK government confirmed a new scheme today (10 October) aiming to stimulate investment in the long-duration energy storage sector.

In an open letter published yesterday, energy regulator Ofgem has suggested that the National Energy System Operator (NESO) design a “temporary cap and floor intervention” for Transmission Network Use of System (TNUoS) charges.

Energy regulator Ofgem has revealed it is extending its consultation on implementing a cap and floor mechanism for interconnectors in the UK.

Ofgem has opened a consultation on its intended decision to reject six of seven interconnector projects from the third application window for the cap and floor regime.

The UK government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage.

​National Grid is to pay back £200 million of interconnector revenues ahead of schedule amidst the energy crisis.

​SSE has renewed its call for policy support for long-duration electricity storage (LDES), following the government’s British Energy Security Strategy.

​Deploying large quantities of long duration electricity storage (LDES) could reduce system costs and reliance on gas, but greater policy support is needed to enable this, Aurora Energy Research has found.