Business Convergence II of II
The “SMART GRID BUSINESS CONVERGENCE” workshop at SP’16 is motivated by the need for Europe to transition its energy markets (generation, distribution and consumption) into smart energy systems that support bi-directional flows of revenue, energy and information via flexibility services procurement and new business models.
The success of the European vision of a low carbon electricity grid that minimises greenhouse gas emissions, and securely enhances quality and reliability of supply, depends on how power infrastructures empower new and incumbent market actors. Recent communications from the European Commission have called for a redesign of the energy markets (COM340) to take advantage of system wide flexibilities and a New Deal for EU energy consumers (COM339) that empower choice and participation in the smart grid.
Preliminary agenda topics will include:
Quantifying the value proposition:
- Modeling and examples of the value to consumers
- Modeling and examples of the value to DSOs
- Modeling and examples of value to the energy markets
Delivering the value proposition:
- Examples of working aggregator business models – or how to make them work
- Examples of bundled services – or services that are ripe to be bundled
- Examples of incentives / programs / stimulus that have kicked off a local energy community or what incentives / programs / stimulus are needed to make it work
The “Smart Grid Business Convergence” workshop at SP’16 is a public event that clusters and presents the ongoing development of several influential and demonstrative initiatives, facilitating the market uptake of innovative business models, ICT solutions, and evaluation mechanisms for the trade of energy flexibility.
The “Smart Grid Business Convergence” workshop at SP’16 brings together industrials, ICT and cyber security experts, energy suppliers / retailers, distribution grid operators (e.g. DSO, DNO), scientists, business analysts, and power engineers to share and exchange their experiences and ideas towards progressing state-of-the-art in (dis)aggregated flexibility trading leading to prosumer-oriented smart European energy communities.
There will be brief presentations from the following EU projects or initiatives, followed by a Q/A session and a panel roundtable to discuss the aforementioned topics and presentations. The confirmed co-chairs are as follows:
MAS2TERING develops home area network ICT technologies that connect consumers and prosumers to the grid and then apply multi-agent system optimisation techniques with the objective to lower consumer energy bills and facilitate DSO capacity management – and this has benefits on the grid at large. The ICT software unlocks benefits on three progressive levels: a prosumer lowering the family energy bill, a local energy community exchanging flexibilities to lower the community energy bill, and lastly the local energy community integrated into the low voltage grid to both lower energy bills and facilitate DSO capacity management. Central to making this possible is the role of the Local Flexibility Aggregator and new business strategies and collaboration opportunities between utilities, telecoms, and consumers in a multi-sided platform business model. LEARN MORE ABOUT MAS2TERING HERE. Presentation Download Link:mas2tering-sp2016
With detailed specifications, the USEF framework describes the processes and interaction between different roles and also addresses the contractual arrangements and agreements required to facilitate this. The market structure comprises specifications which define the roles and responsibilities of each stakeholder, how they interact and how they can benefit from doing so. A market-based coordination mechanism ensures the system is optimised based on least cost and maximum efficiency. The processes related to achieving this are also defined. The tools include descriptions of basic service requirements and a reference implementation for inspiration and exemplary coding. Privacy & security are defined to balance consumer confidence with security of supply. USEF complies with the new European General Data Protection Regulation. LEARN MORE ABOUT USEF HERE. Presentation Download Link: marijn-sustainable-places-workshop-vs01
BLAENAU GWENT COUNTY BOROUGH COUNCIL (BGCBC) [www.blaenau-gwent.gov.uk]
The Blaenau Gwent County Borough Council (BGCBC) represents Blaenau Gwent, a county borough in South Wales, UK, formed in 1974 as a local government district. The involvement of Blaenau Gwent County Borough Council (BGCBC) in RESILIENT is via “The Works” at Ebbw Vale, Blaenau Gwent. The Works is a vibrant and distinctive development in the heart of the county. It is a major (£350 million) regeneration project to redevelop the former Ebbw Vale steelworks site. Once completed, the development aims to bring around 720 new homes to Blaenau Gwent and generate 2000 new jobs. Please see the Green Growth Wales: Local Energy Smart Living Demonstrator Framework “Supporting concept and structure” Outline Guide for details on current sustainability initiatives of BGCBC. Presentation Download Link: blaenau-gwent
EASY SMART GRID [www.easysg.de]
To make the electric energy system more flexible, Easy Smart Grid proposes a simple, affordable, secure and robust technology. It combines two established principles that so far have been used separately in the energy system:
- The economic principle: Variable prices in the energy market ensure the balance of production and consumption. As volatility grows with more renewables, real time markets maintain system balance by faster and more frequent electricity price updates.
- The engineering principle: Any imbalance of production and consumption leads to a change in grid frequency. This information is used to activate control power from fossil plants and, increasingly, large customers. This is also used for virtual power plants, executed by aggregators.
Easy Smart Grid combines these two established principles by coding a price signal onto grid frequency. Technical and economic stimuli now work in synchronism, and the resulting system becomes more efficient and less complex. With Easy Smart Grid each grid participant can take decisions that are optimal for him as well as for the grid. LEARN MORE ABOUT EASY SMART GRID HERE. Presentation download link: presentation_esg