Cap and floor mechanism the 'standout solution' for long duration storage, KPMG finds
A cap and floor regime would be the most beneficial solution for supporting long duration energy storage, a KPMG report has found.
Articles tagged with: capacity market
Battery storage sees 'significant' increase to 8GW in T-4 Capacity Market pre-qualification results
Prequalification results for the T-4 and T-1 Capacity Market auctions have been released, with battery storage rising significantly in both.
Thrive Renewables’ maiden 5MW/7.45MWh battery starts operating
Thrive Renewables’ first battery storage project is now fully operational, and providing flexibility to the grid.
Piclo to streamline Capacity Market secondary trading with launch of new marketplace
Piclo has launched a new secondary trading marketplace for Capacity Market providers dubbed Piclo Exchange.
Elexon chief executive Mark Bygraves steps down
Sara Vaughan has taken on the role of interim chief executive of Elexon following Mark Bygraves stepping down.
Future role of Capacity Market under review as BEIS issues call for evidence
The Department for Business, Energy and Industrial Strategy (BEIS) has issued a call for evidence on the Capacity Market, looking at early actions to align it to net zero as well as a longer-term review.
National Grid ESO has warned of tight margins come winter due to supply uncertainty
Following the tight margins seen on the electricity system last winter, National Grid ESO has released an early view of its winter outlook.
BEIS makes call for evidence on enabling long-duration energy storage
A call for evidence on how to enable long-duration energy storage is the final document in a deluge of policy papers released by the government yesterday (20 July).
BEIS targets 42.1GW for T-4 2025/26 Capacity Market auction
The target for the T-4 2025/26 Capacity Market auction is to remain broadly in line with its predecessors, while the T-1 2022/23 target has risen compared to 2021/22.