31 Aug '15, 1pm

Endesa

Endesa

In response to a controversial government proposal to penalize electricity self-consumption in Spain, the country's largest utility, Endesa, says it views battery storage as a serious threat. In early June, the Spanish Ministry of Energy proposed a tax on solar-plus-storage systems of $10 per kilowatt of capacity -- a fee that would destroy the economics of such systems. Endesa seems to be the only utility in the country grappling with the implications of fighting distributed energy. “The process of price reduction and technological improvement being experienced by batteries means we face a situation unknown up until now in the electricity sector,” wrote the company in papers filed in June. "The supply of electricity is going to have to compete with alternatives based on local generation of energy supported with storage from batteries," concluded the utility. Endesa’s 22-p...

Full article: http://www.greentechmedia.com/articles/read/endesas-energ...

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