Hydroelectric Power

Department for Business, Energy and Industrial Strategy written question – answered on 5th September 2022.

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Photo of Drew Hendry Drew Hendry Shadow SNP Spokesperson (Trade)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential impact of a revenue cap and floor mechanism for Pumped Storage Hydropower facilities on levels of (a) long-term revenue certainty for Pumped Storage Hydropower and (b) private investment into the Pumped Storage Hydropower market.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

As part of the Government’s British Energy Security Strategy commitments, the Government is considering different policy options, such as cap and floor or an optimised Capacity Market, to enable investment for large-scale, long-duration electricity storage technologies, which includes pumped hydro storage. This will complement the evidence gathered during the recent call for evidence and external analysis on these technologies.

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