Regulation changes and BESS in the Capacity Market with Lisa Waters (Director @ Waters Wye Associates)
Sep 5, 2024 ·
56m 51s
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Description
The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities...
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The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities within the sector, from navigating the Capacity Market to understanding the future role of battery storage and demand-side response in shaping the energy market today.Lisa Waters, Founding Director of Waters Wye Associates, joins Ed Porter to discuss how batteries can be leveraged for greater impact, the regulatory changes needed for better market integration, and the intricate process of implementing regulatory updates in the UK. Key topics covered include:
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- The evolution of the UK’s electricity markets over the years.
- Regulatory inefficiencies and the need for more strategic leadership from regulators.
- The Capacity Market’s purpose and how energy storage fits within this framework.
- How energy storage could be better integrated into the market and its future role in the GB power system.
- An overview of the Balancing Settlement Code (BSC) and its role in energy settlements.
Information
Author | Ysabelle Swan |
Organization | Ysabelle Swan |
Website | - |
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