POWER, ENERGY & RENEWABLES
PROTECTING SUPPLY AND MANAGING DEMAND:
THE GROWING CASE FOR ONSITE RENEWABLES AND INVESTMENT IN MODERN BATTERY STORAGE
which has far less reliance on Russian gas supplies than most EU countries. In this context, mitigating power disruptions, furthering the journey to Net Zero as energy supply becomes more localised, and maintaining stability through an economic downturn are critical. Security of supply and energy affordability
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are crucial. As the House of Commons Environmental Audit Committee emphasised in its December report, “The British Energy Security Strategy appears to reflect a 20th
K manufacturing faces continued high energy prices as a ‘new normal’ and security of supply from traditional fossil fuels can no longer be guaranteed, even for the UK
Dr Alex Mardapittas, CEO and founder of Powerstar, considers the growing trend towards Battery Energy Storage Systems (BESS), and looks at the financial incentives that can make investment in cleaner and greener assets a win-win for energy- intensive manufacturers.
century approach to energy security, prioritising the construction of big, centralised power generation facilities to meet fixed demand. A move to a smarter, more flexible, digitally-enabled grid, which technological innovations now make possible, holds exciting potential to smooth demand peaks by flexing demand up and down in a way that was hitherto impossible. Developments in this area could have important implications for other elements of the Government’s energy strategy - for instance, how much baseload electricity is necessary and how much grid distribution capacity is needed to connect a more dispersed generation network.” The latest round of support for business, the
Energy and Trade Intensive Industries Scheme , promises support for many UK manufacturers until March 2024. Energy- and trade-intensive companies receive a discount reflecting the difference between a price threshold and the relevant wholesale price; with a price threshold of £99/MWh for gas and £185/MWh for electricity, applied to 70 per cent of energy volumes and subjected to a ‘maximum discount’ of £40.0/MWh for gas and £89.1/MWh for electricity. But this support is limited and falls short of guaranteeing the energy security and affordability that manufacturing relies upon, for the benefit of the economy as a whole. In the current climate - which sees no signs of abating in terms of
8 Spring 2023 UKManufacturing
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