Inputs
Using the 2023 FES, with Modo's view, we forecast generation stacks, demand, renewable load factors, and costs.
We use ESO's Future Energy Scenarios (FES) as a starting point - the Consumer Transformation scenario. This describes how we could get to net zero by 2050 by changing how we use energy (and is the scenario with the least amount of hydrogen).
Then, we add the Modo view. This means amending it for today's world, adding more storage, and delaying some CCGT plant closures when we don't think there'll be enough capacity (around 2040).
Why more storage?
Storage has delivered close to 3GW over the last six years without any technology-specific subsidy. Storage is a leading form of low-carbon flexibility, and we see similar trends globally. Modo Energy's expectation is that storage continues to outperform technologies that have not yet achieved commercial viability on a significant scale - more on this in Inputs: storage.
Check out the different inputs to the Forecast from the sidebar
- Demand
- Capacity Stack
- Hydrogen
- Commodity prices
- Renewable load factors
- Ancillary services
- Storage
- Interconnectors
Updated over 1 year ago