"Cap and floor" for long duration storage

[dan_b]

Not sure what this means but apparently this is good?

https://renews.biz/99332/ofgem-sets-out ... -for-ldes/

[Moxi]

Yes it gives surety to developers that they will get a minimum return that could be better up to a cap. This will increase confidence for new projects in this important area of grid support. Maybe a few possible schemes in North Nales that could benefit from this news

Moxi