AlastairFraser
Established Member
- Joined
- 12 Aug 2018
- Messages
- 4,162
Around half of all British adults have less than £1000 savings, so it's definitely something that people may not have the upfront capital (or a good enough credit rating) to pay for themselves. Therefore, the government would be wise to significantly subsidise the cost of installation or facilitate interest free payment plans with reasonable monthly payments (similar to a portion of the average household energy costs).We don’t need to subsidise, people just need to do the maths. I had an esitmate recently and payback was 7 years. Or put another way, around 10% rate of return.
Precisely. It wouldn't just save us curtailment payments, it would mean we had the ability to close some gas power stations used for peak power demands in some regions. The sites and grid connections of those former power stations can then be often used for BESS (battery storage) schemes.I think a certain amount of subsidy would be justified if it helped reduce curtailment which costs us a lot of money - and the grid upgrades, even the east and west sub-sea cables won't be ready until the next decade or later. The Octopus tracker https://wastedwind.energy/2025-12-14#why-buy-twice shows a figure of £1.387 billion so far this year, which is a lot of money per head.
Indeed.Hence putting as many batteries as can be managed across the country wherever the local distribution network can handle the surplus will encourage people to mop it up at a low or even negative price and reduce the subsequent peak demand with negligable infrastructure work (i.e. cost.)