35 - Looking at longer-duration storage with John Perkins (Principal Consultant @ Afry)
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Is a Single National Price With a Locational Balancing Mechanism the Right Thing to Do?
At the moment, we don't explicitly have a location of market. We have a single national price, but we're saying that the balancing mechanism almost acts as a locational piece. So how does that work? National grid are looking at the system in a locational way. They've got to do that on a locational basis. That means that certain projects in certain locations will expect to have more actions taken in the balancing mechanism than others. And this is where part of the rema stuff comes in, which is should we look at a zonal market, which is essentially dividing the UK up into zones and then dispatching them having a price with each zone. Is there sort of
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