Interpretation of policies and regulations related to energy storage technology

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

What is the 'guidance' for the energy storage industry?

Based on the above analysis, as the first comprehensive policy document for the energy storage industry during the ‘14th Five-Year Plan’ period, the ‘Guidance’ provided reassurance for the development of the industry.

Does energy storage need a regulatory framework?

Currently, no jurisdiction provides a comprehensive regulatory framework for energy storage. Instead, most jurisdictions define storage as 'generation' for licensing and other regulatory purposes.

What are energy storage policy tools?

In general, policies are designed to establish boundaries and provide regulatory guidelines. According to the Energy Storage Association (ESA), the policy tools fall under three categories which are value, access and competition .

Should energy storage be regulated?

A robust regulatory framework would reflect storage’s unique ability to act as generation and consumption and remove the need to pay end-user electricity consumption charges. The vast majority of countries do not have a specific subsidy regime.

How do ESS policies promote energy storage?

ESS policies mostly promote energy storage by providing incentives, soft loans, targets and a level playing field. Nevertheless, a relatively small number of countries around the world have implemented the ESS policies.