The Department for Energy Security and Net Zero (DESNZ) is seeking views on the policy framework to enable investment in long-duration electricity storage.
This consultation sets out DESNZ’s intention to develop a cap and floor mechanism to overcome the investment barriers we have identified. The consultation seeks views on several elements of our approach, including eligibility criteria for assessing applications, the design of the cap and floor mechanism and our proposed options for delivering the scheme.
This consultation closes at 11:59pm on 5 March 2024.
Source: DESNZ.