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The energy transition requires more flexible grids, but this flexibility can deliver benefits to consumers and grid operators. FORESIGHT spoke to Devrim Celal, chief executive at Octopus Energy’s flexibility platform provider KrakenFlex, about these developments and wider business model innovations in the energy sector
Failing to increase the level of flexibility on the power network will jeopardise the energy transition
Achieving global climate goals will require everyone to do their bit. However, it is hard for the average electricity consumer to contribute to the energy transition without a helping hand from technology. KrakenFlex, an energy flexibility management platform acquired by UK’s Octopus Energy Group in 2020, aims to provide such assistance by making it easier for consumers to save money while contributing to demand response programmes. ...
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The expansion of distributed energy resources has precipitated the rise of advanced software platforms to manage them. Virtual power plants and distributed energy resource management systems can help integrate renewables and low-carbon assets more smoothly while allowing value from the flexibility that resources like rooftop solar, battery storage, electric vehicles and heat pumps can also provide to be extracted
A year of living with a heat pump has required some lifestyle changes, but after doing some number crunching, Jan Rosenow from the Regulatory Assistance Project found the numbers speak for themselves
The cost-effectiveness and flexibility of solar photovoltaic power are leading to a raft of new energy business models to help middle- and low-income households participate in the energy transition
Building solar and wind projects without subsidies is seen by many as the solution to the energy transition. But falling costs can create their own problems, especially without the right regulation and continuing financial support for fossil fuels
Energy prices across Europe remain high and volatile with no signs of slowing down. But placing the power to change in consumers’ hands could help alleviate the pressure, says Johan Söderbom from EIT InnoEnergy
As economic activity declined under the pandemic so did demand for electricity. Fossil fuel generation was squeezed off the grid by renewable energy projects with lower marginal costs. Fears that the higher proportion of fluctuating supply would destabilise power systems proved unfounded and grids remained stable. If renewables are to be tasked with keeping the grid secure, alternative mechanisms, already available, must be introduced soon
Network operators tasked with managing the steadily bigger swings in demand and supply that accompany greater uptake of solar and wind energy have had to choose between constraining clean generation, which adds to operating cost, or increasing grid capacity requiring capital expenditure. A less costly way is to buy system flexibility in a competitive but carefully coordinated process. Trials in areas of Britain challenged by grid constraints are producing encouraging results
Consumers can play a significant role in the energy transition as distributed energy resources and the electrification of heating and transport increase on the system, says Zsuzsanna Pató from the Regulatory Assistance Project
