About London energy storage tender announcement query
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3 FAQs about [London energy storage tender announcement query]
Is there a policy framework for enabling investment in LDEs by 2024?
This annex details the options analysis that was completed to determine our recommended approach to delivering a policy framework for enabling investment in LDES by 2024. An initial long list of options was comprised and reviewed, before reviewing a distilled short-list.
Could 20 GW of LDEs save the energy system £24 billion?
Analysis has found that deploying 20 GW of LDES could save the electricity system £24 billion between 2025 and 2050, reducing household energy bills as additional cheaper renewable energy would be available to meet demand at peak times, which would cut reliance on expensive natural gas.
Are LDEs technologies operating over a longer period than the project contract lifetime?
However, we recognise that some LDES technologies may be operating over a longer period than the project contract lifetime. We anticipate that a further regulated regime may be needed for such assets once the cap and floor regime has expired. This would ensure that appropriate legislation applies throughout the technical lifetime of the asset.
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