With the surge in renewable generation and the fast-changing nature of consumer demand, the energy system is undergoing structural change, creating an unprecedented opportunity for our clients that can harness flexibility within their operations.
Energy suppliers, aggregators, distribution network operators and National Grid are vying to sign-up businesses that can contribute to grid balancing by shifting loads or switch to on-site generation.
After attending a couple of recent events centered on this topic, it's becoming clear that the modern energy professional has to be an expert in technology, risk management, finance, demand-side response, efficiency, behavioural change and market mechanisms to name but a few! As we continue to guide our clients in the search for talent, it's vital we too have a broad & concise understanding of this rapidly evolving landscape.
I found this article to be very helpful as it tackles the main issues from different perspectives - suppliers, aggregators and networks. Whilst there remains a number of barriers to the market reaching maturity, continuing to discuss, debate and share experiences remains absolutely vital.
Director of Wholesale Electricity markets, Centrica “We have to get flexibility markets operating at a local level where people can buy and sell their ability to flex their demand. We need to move on from pilots, implement the lessons learned and make flexibility markets a reality.” Chief strategy officer, Flexitricity “A vast amount of energy is wasted because consumers don’t have adequate controls in place to properly manage it.” Head of Innovation, SSEN “If the flexibility market is to work for all customers, the products and services sold through it need to be credible and trusted and devoid of unintended consequences. You could say that the marketplace is a bit like a smartphone – we need the apps that run on that phone to be attractive and trusted by customers.