Independent energy regulator Ofgem and the UK Government have called for views on developing a smarter, more flexible, and user-friendly energy system.
Innovation in the development of new technologies and services could deliver substantial savings. Demand for electricity storage projects has increased and more than 19GW of applications have been made to connect electricity storag in recent months.
Batteries have the ability to store excess energy for use during times when demand is high or energy is more expensive.
Ofgem's chief executive Dermot Nolan said: “Having a smarter system will revolutionise how we all interact with the energy market. A smarter system also makes it far easier for new businesses to enter the market and offer new services.
“To get there, we must make sure the regulatory regime is fit for the energy system of tomorrow and remove any barriers.”
Ofgem and the UK Government further explained that they are calling on network companies to help streamline the process for storage to connect to the grid.
Secretary of State for business energy and industrial strategy Greg Clark said: “I am excited to see new ideas and technologies coming forward to help keep household bills down, boost our energy security and meet our climate change commitments.
“Giving people access to a smarter energy system that is affordable, secure, and puts them in control of their energy costs is an important part of our work to build an economy that works for all.”
