Traditional consumers are turning into prosumers, becoming more engaged, installing Distributed Energy and Storage Resources (DERs and ESRs), improving efficiency and reducing their loads. At the same time, large amounts of variable renewables are also added in the transmission grid. Managing such a system is increasingly becoming a difficult problem for the transmission and distribution utilities.
While scaling up renewables in the power system is essential, variable output, frequency control, and a lack of distributed energy management systems can strain grid infrastructure and create a suite of unique operational and financial challenges for network operators.
Powerledger’s flexibility features allow distribution and transmission system operators to leverage the power of markets, including the benefits from distributed flexibility, to help smooth variability, support to balance the grid, and significantly reduce (or avoid) network refurbishment. Meanwhile consumers and prosumers can democratically buy and sell their energy locally.
Since such a system allows for renewable generation to be scaled up near its consumption, integration of DERs into the system could become beneficial to the utilities and system operators.
By empowering consumers and prosumers to trade energy across the grid you can harness the power of supply and demand to create agile markets that capture and maximise the value of distributed generation and storage assets.
Our platform identifiesgrid requirements and creates an exchange complete with bids and contracts for DERasset owners to participate. Taking into account both controllable (e.g. air conditioner, battery storage) and uncontrollable DERs and loads (e.g.panel, rdential lighting load) flexibility is managed and transactions are settled automatically in a new paradigm of the electrical grid.
With increasing problems due to DER penetration, we can offer a much more long-term solution.
Powerledger’s approach brings two types of markets together to deliver flexibility. MODE Local Energy Markets (LEMs) at a local level and MODE Flex at the distribution utility level. LEM is integrated with the Flexipreneurial Layer. They jointly facilitate implicit and explicit demand/generation response.
The benefits of bringing an agile market as a solution are just starting. The benefit of such a market includes a reduction of the draw on the utility grid, reduced peaks, a reduction of the duck curve and more.
MODE Flex is our dual-layered approach to use local electrical markets and Flexipreneurs (like flexible load, DER and storage owners) to deliver voltage and congestion solutions to distribution and transmission utilities. In this way, we flatten the duck curve and help grid operators cope with renewables’ variability.
With too much reactive power on the grid, voltage issues are one of the problems of the modern grid. MODE Flex works to solve this by optimizing the DERs, loads and storages.
Congestion issues are increasingly prevalent in grids where large amounts of renewable energy is a long way from where it’s needed to be consumed. An expensive interconnector is one solution. MODE Flex is a better choice.
Contact your local Powerledger representative to find out more.
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