In our Flexipedia, you will find answers to your questions about energy markets, demand aggregation, and renewable energy. If you want to learn more about how to make the most of these resources, get in touch with us!
Demand-side flexibility is the ability of a consumer to adapt its energy consumption according to grid requirements, user needs and local climatic conditions.
The demand aggregator is a new market actor needed to manage demand-side flexibility. Its function is to aggregate and manage different flexibility providers in a coordinated way, allowing them to leverage their flexibility.
Balancing services are managed by the System Operator to ensure a continuous balance between generation and demand within the power system.
They are small-scale power generation units, storage units or demand-side controllable sources located in the electricity distribution grid. They provide an alternative to conventional technologies for power generation and grid balancing.
The estimated amount of electricity a consumer would have consumed in the absence of a flexibility event. Flexibility performance is calculated by comparing this baseline with the actual real-time consumption.
The act of moving electricity demand from one time period to another. For example, thermal systems can stop heating production for a specific duration; however, once the dispatch event ends, they need to recover the energy that was previously deferred.
The act of reducing electricity consumption that will not lead to an increase in future consumption. For example, some industrial processes that, if properly remunerated, can stop their production for a limited time.
Capacity Payment is the compensation received in exchange for being available to the System Operator to adjust consumption whenever necessary. These payments are only available in certain countries and are typically paid in €/MW of available flexible capacity.
The compensation received in exchange for the actual amount of energy reduced during a dispatch event. Energy payments are only available in certain markets.
The system operator does not pay capacity and energy payments out of its own pocket. Instead, the imbalance price represents the monetary penalty to be paid by all players who deviated from their expected generation and contributed to an imbalance in the grid.
