In a series of articles, we explain why enabling businesses of all shapes and sizes to participate in demand flexibility is crucial to deliver a net zero energy future.
With a wave of transitional technologies such as heat pumps and electric vehicles expected to connect to the system over the coming years, we can expect to see a major increase in demand for electricity. Beyond this, as the electricity system transitions to use more renewables like wind and solar, which are largely affected by weather and cannot be turned on like traditional fossil fuel generation, it will become increasingly complex for local and national network operators to balance our electricity system.
We argue that an improvement in demand flexibility solutions is required in order to support the transition to a net zero system by rethinking demand response. The transition will require a change in perspective, as responsible consumption isn’t just about using less electricity, it’s equally about when you use it.
We highlight the point that the market must deliver consumer-focused, simple to manage solutions that are designed with business needs at their core, delivering broad appeal. In this way businesses can provide dynamic, well-planned management of their energy assets, helping to avoid network stress events and supporting an electricity system powered by renewables. Greater uptake of technologies such as data tools and monitoring platforms would make forecasting more accurate and agile – enabling businesses to make more conscious decisions about the way they use their electricity, and work smarter – at a carbon level as well as a price level.
With the right set-up and market access, consumers can be paid for participating in demand flexibility – adjusting their consumption in line with system needs. This allows businesses to generate revenue and save money whilst directly supporting the net zero energy transition, all without impacting their operations.
You can learn more about demand flexibility by reading the articles below: