What is the most cost-effective way to deploy renewables and storage into the electricity system and reduce overall system costs? For example, should variable renewable generators face the costs of extra flexibility needed to accommodate them onto the system, such as through making CfD generators more responsive to market signals, or should we address wider system costs elsewhere, outside of the CfD regime (e.g. through higher curtailment and balancing costs)?
Background
BEIS has committed to ending the UK’s contribution to global warming by achieving net zero greenhouse gas emissions by 2050. Our work towards becoming a leader in green technologies and clean energy will drive economic growth, all whilst accelerating global climate action through strong international leadership.
Next steps
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Source
This question was published as part of the set of ARIs in this document:
Topics
- economy, business and finance
- alternative energy
- electricity production and distribution
- hydroelectric power
- nuclear power
- oil and gas industry
- solar power
- wind power
- economy
- macro economics
- economic growth
- economic indicator
- energy market
- environment
- energy resources
- renewable energy
- politics
- economic policy
- science and technology
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Integrated, Market-fit and Affordable Grid-scale Energy Storage (IMAGES)
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The project investigates the technical and economic issues of integrating large grid scale energy storage with the energy network, which is relevant to the question of deploying renewables and storage into the electricity system, but does not directly address the question of who should bear the costs of extra flexibility.