Our third post in this series is covering technology which can help to mitigate triad peaks. Some of these include arbitrage (peak shaving) via the usage of battery storage and combined heat and power units (CHP.)
Energy storage in the UK has been around for many years, often in the form of pumped hydro stations. However, in recent years, other storage technologies have been developed. This storage has the potential to offer opportunities in assisting the UK transitioning to a smarter and more renewable grid. One of these ways is through the installation of a large battery storage system on site. This is also known as ‘BTM’ or ‘behind the meter’.
In the energy industry, arbitrage, or peak-shaving, refers to levelling out the peaks in electricity. This is both for industrial and commercial use. It is potentially the most significant use of BTM battery storage. It is used to avoid or minimise time-of-use tariffs by using the batteries to store power in off peak times when electricity is cheaper. This electricity can then be used in during peak times.
With the help of Triad warnings, businesses can make sure the battery is charged in advance to avoid taking power from the grid during a Triad period and therefore minimizing TNUoS charges.