Smart Cities

Wholesale Change for US Energy Storage but UK is Slow to Develop Regulation

Across the pond, in the UK, energy storage is waning under the limits of its regulatory framework, and experts believe changes must be made to support this vital piece of the energy puzzle. Meanwhile, in the US, a recent Federal Energy Regulatory Commission (FERC) strategy seeks to “open the floodgates” for energy storage using wholesale markets. At this critical point for the technology in both nations, we see contrasting action by governments. “The UK may be missing a historic opportunity to integrate energy storage technologies as it moves to decarbonise the energy sector,” says Jeffrey Casey, business development director, Burns & McDonnell. He points to provisional results of the capacity market auction earlier this month, which were dominated by fossil fuels and saw storage achieve a mere 1.7% of the payments – a drop of 80%. The key issue is a lack of incentives for investment in and deployment of storage technology in the UK. […]

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