Submitted on Friday 1st December 2017
Published on Wednesday 6th December 2017
Current status: Closed
Closed: Wednesday 6th June 2018
Signatures: 16
Invest in gridscale battery storage to stabilise wholesale prices of electricity
Renewable energy supply has succeeded in droping wholesale MW prices into negative but without storage nothing is being done to prevent low supply periods seeing prices hikes as high as £83 per MW as seen in May 2017. A stable grid, means cheaper bills for consumers and a future for energy suppliers
On 11th June 2017 a record 70% of the electricity for the UK’s homes and businesses was low-carbon. Solar cuts the power demand for National Grid, reducing prices, while wind power also lowers prices. When renewable supply drops however wholesale prices are being ramped higher. Prices can fluctuate between less than £0 and as much as £83 per MW as seen in May 2017. Battery storage facilities like the new plant seen in South East Australia would resolve this problem and save the consumer money.
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