Recording of Thursday, June 20, 2024 | The smarter E Europe | Exhibition Program | Language: English | Duration: 8:02 .
Aurore Lantrain from EPEX SPOT discusses the monetization of local flexibility markets, emphasizing their role in addressing energy demand and supply imbalances. Epexplot organizes next-day and intraday markets to facilitate this process. Local flexibility refers to assets like demand response, generation, storage, and can be upward or downward. The aim is to procure cost-effective flexibility through market mechanisms that solve local congestion issues. There are various avenues for monetizing flexibility: long-term capacity reservations (ensuring asset availability) and real-time energy activation (addressing immediate congestion). Flexibility can also be traded over-the-counter or on organized exchanges as well as within capacity markets orchestrated by Distribution System Operators (DSOs). New regulatory frameworks encourage DSOs to leverage market-based solutions for procuring least-expensive flexibilities, providing price signals to attract new participants. Apex participates in multiple initiatives across Europe including Enflate in Switzerland, GoPax in the Netherlands, and a significant project with UKPN—the largest DSO in the UK—using their local flex platform. This platform enables providers to offer flexibility within numerous trading zones efficiently while considering grid constraints during auctions. Aurore advocates expanding such projects throughout Europe due to their effectiveness at managing grid tariffs economically via flexible resources.
Automated summarization by AI Conver
A decentralised, flexible energy system puts energy consumers at the fore-front of the clean energy transition. Through demand-side flexibility, consumers are able to adjust their consumption, store energy, and inject energy into the grid during peak moments, contributing to a more efficient and sustainable decarbonisation pathway. smartEn has calculated that, with help from flexible consumers, in 2030 the EU energy system could avoid 15.5 TWh in renewable energy curtailment, a 61% improvement compared to if no action is taken, and avoid investments in 60 GW of peak generation capacity, equivalent to 137 gas peaking plants, resulting in €2.7 billion saved annually. This session aims to deep-dive into how decentralised assets such as PV, Stationary and Mobile storage, amongst others, are key to reducing costs for consumers, increasing the uptake of renewables and solving grid congestion issues.
Further Talks of this session: