In response to the Energy Bill, Siobahn Meikle, UK and Ireland MD, Eaton, said:
‘Today’s announcement represents a welcome overhaul of the UK’s energy system. The need for greater grid flexibility continues to be critical at the same time as we are diversifying our energy mix and increasing the amount of electricity generated from renewables. Expanding the amount of energy storage capacity will be key to this, but for this to happen we need a regulatory regime that incentivizes private investment in this vital technology.
This system-wide approach should include simplified regulations to avoid double charging on energy storage products, as well as creating a market for demand-response flexibility products. In addition to this, we should be doing far more to encourage private investment through greater stability and predictability – in turn improving investor confidence.’
