Batteries can store electricity for several hours. This allows them take in power at offpeak times, when prices are low, and sell it later when demand is high, replacing some of the more expensive gas or coal-fired generators that are called on during those periods.
“This means more reliance on fossil fuels and higher bills for electricity consumers during times of peak demand,” he said on Wednesday. Regulators could give batteries access to the market next year, possibly in time for winter 2024-25, but Mr Smith said Energy Storage Ireland had proposed a solution to the CRU that would see all members step in this coming winter.
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