Unlock power system flexibility
- Smart Market Design in German distribution grids
- Electricity Costs of Energy Intensive Industries
- Effective Integration of Distributed Energy Resources
- Urban Electrification
- Flexibility options in electricity systems
- Impacts of restricted transmission grid expansion
- Future energy markets and the role of network operators
- Optimised use of Combined Heat and Power
- Comparison of industrial electricity prices
- Use of heat pumps to provide flexibility to power systems
Balancing supply and demand has historically involved adjusting the output of certain controllable power plants to maintain the system frequency in some predefined acceptable band. This practice largely continues today, but the variable output and limited predictability of wind and solar plants increases the need for flexibility in power system responses. Benefit from our interdisciplinary approach to solve the technical, economic and regulatory challenges associated with the required changes in future power systems.
Identifying sources of flexibility
Sources of flexibility are manifold, and come from both demand and supply side, including storage. Coupling heat and gas sectors offers new options for meeting the need for flexibility, for example. Meanwhile, extending power grids helps to balance fluctuations of renewables, and enables other regions to build flexibility into their systems. From a system perspective, it is important to identify cost-efficient options. We help you to identify cost-efficient sources of flexibility and any associated barriers.
Designing optimal power markets
How power markets are designed can open or block sources of flexibility. Price signals in wholesale and retail markets play a crucial role in achieving a cost-efficient equilibrium of demand and supply at all times. Ecofys supports policymakers to design market and pricing rules to minimise price distortions, while achieving a careful balance with other policy targets. A special focus is on designing markets to coordinate the flexibility needs of local network operators with overall system requirements.
Evaluating new business opportunities
The increased need for flexibility, combined with innovative technologieslikesmart meters, storage, big data analysis and communication infrastructure, facilitates new business models for utilities, traders, aggregators and other market actors. Our detailed knowledge of new and emerging regulations within the power sector enables us to identify and analyse potential opportunities. Tap into our analyses of regulatory frameworks to identify opportunities for your organisation, and learn about the relevant value drivers from our scenario assessments.
Get in touch to see how our services and insights can provide a tailor-made solution to meet your needs.