Policy and Regulatory Environment for Utility-Scale Energy Storage: Bangladesh
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
Bangladesh has experienced significant economic growth and poverty reduction over the past several decades. Recognizing the central role electricity plays in economic development, the Government of Bangladesh (GOB) has established policies to accelerate the growth of the electric power sector. The Bangladesh power grid is transforming into one marked by declining reliance on domestic natural gas reserves and oil-based rental power plants, increasing renewable energy contribution, and shifting demand patterns. The GOB is now reconsidering its prior plans to increase the share of coal capacity in the generation mix to meet demand, shifting its focus instead to electricity imports from neighboring countries, nuclear generation, liquified natural gas imports, and domestic renewable resources such as wind and solar. However, investments in the transmission and distribution system, as well as ancillary services, have not kept pace with investments in generation resources over the past decade. Thus, Bangladesh electricity consumers still experience outages and poor power quality despite adequate installed capacity. On the demand side, population growth and industrialization have fueled steady growth in electricity consumption as efforts to expand access to electricity enabled near-universal electricity access by mid-2020. The combined changes in the mix of generation resources and patterns of electricity demand present new challenges and opportunities in operating and maintaining a reliable power system. Energy storage has the potential to help meet these challenges and accelerate Bangladesh’s energy transition. Declining costs for some energy storage technologies make them increasingly cost-effective solutions to provide a wide range of grid services. Previous analyses of energy storage in the region have identified several potential applications for storage at the bulk system level, including energy arbitrage, ancillary services, and transmission network support. The potential for storage to meet these needs depends on many factors, including physical characteristics of the power system and the policy and regulatory environments in which these energy storage assets would operate. This report applies an Energy Storage Readiness Assessment the National Renewable Energy Laboratory developed for policy makers and regulators to identify priority areas of focus as they continue to develop the appropriate suite of policies, programs, and regulations to enable storage deployment. This assessment uses a simple evaluation scheme to identify the barriers and opportunities for utility-scale energy storage within Bangladesh’s policy and regulatory environment.
- Research Organization:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Organization:
- U.S. Department of State (DOS); USDOE
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1817868
- Report Number(s):
- NREL/TP-5C00-80569; MainId:53958; UUID:04ab6541-701c-4567-a4db-9980dba6761a; MainAdminID:59605
- Country of Publication:
- United States
- Language:
- English
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