EPP's comments on OFGEM's "Minded to Decision" of 26/061 Jul 2026 08:52
Ofgem announces plans for Long Duration Energy Storage ("LDES") cap and floor second round
On 26 June 2026, Ofgem published its 'Minded to Decision' list of LDES projects under the first window of its cap and floor scheme. The announcement outlined Ofgem's intention to proceed with the LDES cap and floor second window, thereby confirming the Government's support for LDES investment infrastructure. Further direction will be provided by Ofgem by the end of 2026.
EnergyPathways welcomes the announcement by Ofgem, marking a significant milestone in the development of the UK's LDES market. With the Licence awarded, the Company is gearing up to enter its LDES CAES project into Ofgem's second window of the cap and floor scheme.
As the UK continues to increase its reliance on renewable electricity generation, LDES will play an increasingly important role in improving grid resilience, reducing renewable energy curtailment, and lowering overall system costs, which can lead to lower electricity prices. .