LDES Cap and Floor Regime: our role, plan, and response to the DESNZ publication

LDES Cap and Floor Regime: our role, plan, and response to the DESNZ publication | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: LDES Cap and Floor Regime: our role, plan, and response to the DESNZ publication Publication type: Call for input Publication date: 18 December 2024 Closed date: 9 January 2025 Status: Closed Topic: Electricity generation, Long duration electricity storage Subtopic: Electricity storage Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn We are writing to inform everyone interested about our role and outline our initial thoughts on the cap and floor model for Long Duration Electricity Storage (LDES), allocation approach, timescales, and consultation questions following the recent publication by the Department for Energy Security and Net Zero (DESNZ) on LDES. DESNZ has tasked Ofgem with implementing a cap and floor regime to encourage investments in LDES. This decision is supported by industry feedback and our experience with similar regimes for electricity interconnectors. This call for input explains what we will be doing, our timeline, and invites feedback from stakeholders to help shape the final plan and ensure we can decide on approved projects by mid 2026. Ofgem and DESNZ will publish technical details on the regime this winter. If you have any questions, please contact us at LDES@ofgem.gov.uk . We are grateful for your feedback and thank you for your contributions. Respond name LDES team Respond telephone 0207 901 7017 Respond email LDES@Ofgem.gov.uk Main document LDES Call for input - Cap and Floor Regime: our role, plan, and response to the DESNZ publication [PDF, 265.28KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close