Due to potential price, financing cost, supply chain, and other related project risks, installed BESS prices may become higher relative to the regulator’s financial models/economic studies used to develop Guidelines for CRESS. As such, the hard constraint on the sizing of BESS in section 8.14(a) may be a cause for the Levelized Cost of Energy (LCOE) of the combined GEP and BESS energy solution for potential GCs to be potentially higher than the current benchmark price received from the TNB. Would the regulators be open to considering relaxing the rule or allowing REDs to determine the financially feasible size of BESS to ensure that competitive pricing is achievable and investors get acceptable returns on investment?
Please adhere to the requirement in the CRESS Guidelines.