Is energy storage regulated?
Whilst the Department of Business, Energy & Industrial Strategy (“BEIS”) and Ofgem have been supportive of energy storage and recognise the benefits and flexibility provided by the various technologies, there is no specific legislation on or regulation of storage at present.
Why is energy storage important?
Energy storage has become an area of focus in many jurisdictions across the globe due to its potential to offer a wide range of benefits to electricity systems. This Expert Guide brings together analysis from our legal experts across 22 jurisdictions.
Is energy storage safe?
Although rare, ESS fires and explosions are a possibility that should be acknowledged and prepared for. Installing UL-certified systems to NFPA standards ensures that energy storage is a safe option for everyday power needs.
Does energy storage need a regulatory framework?
Our review demonstrates that no jurisdiction currently provides a comprehensive regulatory framework for energy storage, with the majority of jurisdictions currently allowing storage to be defined as “generation” for the purposes of licensing and other regulatory requirements.
Do storage tenants need electricity?
For the small number of facilities that do allow storage tenants access to electricity, the cost must be accounted for. Typically this means either higher rates or an additional monthly fee. Of course, there are other legitimate reasons for storage, and ones that would require the use of electricity in a unit.
Who can benefit from energy storage?
Energy storage offers a range of opportunities for standalone developers, generators, network operators and consumers (ranging from large energy users through to domestic consumers) and other electricity sector participants. Storage is an increasing focus due to the range of benefits the various technologies can provide.
This Expert Guide brings together analysis from our legal experts across 22 jurisdictions. Each summary covers the sector’s development and the legal and regulatory environment to consider in the deployment of energy storage projects.
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