The cost of decarbonising the UK’s energy sector could be cut by nearly £7bn a year through the widespread adoption of emerging energy “fleixibility” technologies capable of better managing domestic supply and demand. That is the central conclusion of a new analysis from Imperial College London and OVO Energy, which argues new smart technologies that manage the use of heat and power to ease out peaks and troughs in demand can slash the cost of the network upgrades and new generation capacity that will be required to meet the UK’s emission reduction goals. Called “Blueprint for a Post-Carbon Society”, the study analysed three different scenarios based on differing levels of deployment for residential flexibility technologies, such as smart electric vehicle (EV) charging and vehicle to grid systems, domestic batteries, and smart and electric heating systems. The scenario with the highest level of residential flexibility resulted in the lowest projected costs for energy system decarbonisation. The report said that using flexibility technologies to lower peak demand and better match demand to flexible renewable energy supplies would sharply reduce grid upgrade costs and allow the UK to maximise the use of the lowest cost form of new generation capacity – wind and solar farms.
Business Green 5th Sept 2018 read more »