Scottish and Southern Electricity Networks (SSEN) has released a new report, which details how a tool developed by Frontier Economics can compare the cost of flexibility with traditional network reinforcement. As patterns of electricity supply and demand become less predictable, flexible resources could offer an alternative and cheaper way of tackling network constraints, as opposed to reinforcing the networks. Frontier Economics’ tool can assess the benefit of ‘optionality’, looking at whether flexible, low-carbon technologies could provide long-term value for consumers. In particular, this method could offer local communities the opportunity to engage with the electricity network, helping to balance their local grid and earning money from utilising their resources.
Current News 16th July 2020 read more »
Shell has become the latest energy supplier to launch a flexible tariff, allowing householders to potentially earn money back for helping to balance supply and demand for the power grid. The company yesterday announced a “first of its kind” scheme designed to harness the benefits of integrating solar panels with battery storage systems in the home. The Solar Storage tariff is being launched initially as a trial by Shell Energy Retail alongside the energy giant’s battery storage business sonnen. The service allows homeowners to earn solar bill-credits on excess electricity generated in the summer, which can then be used to reduce bills in the winter. Customers with solar panels and a sonnenBatterie – which start at around £6,500 fully installed – operating in their homes who sign up to the new tariff could earn up to a maximum of £150 in solar credits over the summer to claim back on their winter bills, Shell said.
Business Green 17th July 2020 read more »