The deployment of long-duration energy storage is essential to ensuring that a zero- carbon power system can operate 24/7, 365 days a year. These projects are capital intensive and face barriers to deployment due to a lack of long-term market signals. The Government’s 2024 ambition to develop appropriate policy to enable investment in these technologies is welcome, but we are concerned that this has not been made enough of a policy priority.

The deployment of long-duration energy storage is essential to ensuring that a zero- carbon power system can operate 24/7, 365 days a year. These projects are capital intensive and face barriers to deployment due to a lack of long-term market signals. The Government’s 2024 ambition to develop appropriate policy to enable investment in these technologies is welcome, but we are concerned that this has not been made enough of a policy priority. Type: conclusion | Number: 34 | Paragraph: 158 | Response status: under_consideration Government response: 107. Ofgem will work to ensure RIIO-ED2 is an agile price control, allowing flexibility in funding to suit network needs as they arise. It has made changes designed to increase the flexibility and speed at which contingent funding through its uncertainty mechanisms can be accessed, so that companies