By 2024, government should set a strategy for its market for flexible capacity, including pathways for different technologies to 2035. |
297. This Review recognises the inherent uncertainty over predicting exact energy mixes, and does not therefore propose a specific target for technological solutions to address the challenge of providing energy during long periods of low renewable generation. However, acknowledging what we have heard from stakeholders, the Review proposes a more holistic solution that could help provide investor certainty.
298. The Review recommends that, by 2024, government should set a strategy for its market for flexible capacity, including pathways for different technologies to 2035 and a market framework. This will give confidence to investors in different technologies and provide the necessary signals to network infrastructure providers. At a minimum this should cover long-duration storage (including whether current levels of R&D funding are sufficient) and the different roles of dispatchable power (power CCUS and hydrogen).