TenneT launches flexibility monetisation tool
TenneT has launched a flexibility tool to better enable energy companies’ capability to capitalise upon flexibility markets.
The deployment of flexible power is becoming a more recognised necessity for a well-functioning electricity grid. And with the strong growth of electricity from solar and wind and a high degree of electrification, infrastructure capacity is sometimes insufficient to match supply and demand.
Sufficient grid capacity is no longer always a given and more industrial flexibility can help keep both energy and grid capacity costs manageable.
Within this context, the Dutch-German TSO TenneT has launched its Industrial ValueFlex Tool, which gives a picture of the maximum return per year for flexible asset deployment, mirroring flexibility capacity with market value.
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The tool aims to answer whether a battery, electric boiler, heat storage or production process can operate flexibly; how much capacity can then be available to the market; and how quickly.
With that information, the tool calculates opportunities on the markets for the day ahead, intraday, FCR (Frequency Containment Reserves), aFRR (automatic Frequency Restoration Reserve) and mFRR (manual Frequency Restoration Reserve) power.
The tool’s modules zoom in on specific processes, including combined heat, batch and continuous processes, energy storage and air conditioning.
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The tool is hoped to enable large industrial energy consumers to more easily visualise financial opportunities with flexibility. The TSO cites how industrial and large consumers with the tool would be able to unlock their options for flexibility and align their business processes with the opportunities that arise in the markets.
Those opportunities vary, including short-term (day-night) variations, options for longer periods of high or low production from wind and solar and options only needed sporadically to spare grid capacity.
By allowing these companies to better understand the opportunities presented by flexible energy use, the tool is thus hoped to bring energy-dependent industry and grid capacity closer to the energy system of the future.
Monetising flexibility is a hub session during Enlit Europe 2022.
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