National Grid has outlined how renewables could participate in the UK’s Capacity Market, unveiling technology-specific de-rating factors that range from 1–15%.
However National Grid’s Daniel Burke warned that there remains a long way to go before renewables can participate in CM auctions, not least because of the need for policy reform.
Any introduction of renewable energy into the CM would require regulatory overhaul from BEIS and market regulator Ofgem, matters which, Burke said, mean it is “quite feasible” to “take some time”.
According to the Centre on Regulation in Europe (CERRE), Large-scale solar and wind power projects may already be able to compete in Europe’s wholesale electricity market in 2025. Lower capital costs for large-scale wind and solar projects, and much higher fossil fuel and carbon prices could lead to renewables becoming self-financing by 2025. If these conditions do not materialize, more auctions and tenders may still be needed.
In our opinon at cellution battery technology can help developing more economical models for wind and solar energy in the future and may enable renewables even befor 2025 to compete with conventional energy applications.
Read the full article on PV Magazine
Two new reports from BloombergNEF recommend that the two northern European countries should implement policies to accelerate the adoption of energy storage and smart electric vehicle charging, while also improving demand response and interconnection to Nordic hydropower reservoirs. All of these actions are expected to further reduce fossil fuel dependence and add flexibility to their respective energy markets.
read the full article on PV Magazine: https://www.pv-magazine.com/2018/11/21/uk-germany-should-push-on-storage-evs-bloombergnef/