Ofgem consults on long‑duration electricity storage support
The UK regulator launched a landmark cap‑and‑floor scheme to support long‑duration electricity storage (LDES) in early 2025, offering 25‑year revenue certainty for projects capable of discharging at full power for at least eight hours. The scheme guarantees a minimum revenue ‘floor’ while capping excessive profits, mirroring the model used for electricity interconnectors. Projects receive payments […]