The growth of renewable energy and changing electricity demand are creating an increasingly dynamic energy market. As a result, smart solutions that help balance the electricity network and also generate revenue are becoming increasingly important.
One such solution is flexible energy management, which allows companies to adjust their equipment’s energy consumption according to the needs of flexibility markets. At the same time as generating revenue, companies can reduce their costs and contribute to a more sustainable energy management.
What is flexible energy management?
Maintaining the balance of the electricity system is becoming increasingly complex as the share of renewable energy grows and electricity consumption patterns change. Roland Murakas, the head of Enefit’s B2B segment, explains: ‘Flexible energy management helps ensure the stability of the electricity network, allowing companies to optimise their energy usage.’
Companies that have equipment that can be temporarily switched off or whose consumption can be regulated have the opportunity to generate additional revenue by participating in the flexibility market. In addition, it supports the wider adoption of renewable energy. According to Murakas, the solution is already successfully in use in the Baltic States and Scandinavia, helping to balance the electricity networks there.
Who is the flexible energy management service intended for?
Flexible energy management is well suited for:
- Industrial companies with high energy-consuming equipment, such as cold storage facilities, compressors, pumps, crushers and other equipment with inertia in their electricity consumption.
- Companies that have battery storage systems or are considering installing them.
But in fact, it is also suitable for anyone whose company’s production process is energy-intensive and who wants to increase cost efficiency.
How does the flexible energy market affect your company?
Flexible energy management offers several benefits for companies:
- Earning additional revenue – by participating in the flexibility market, a company can receive compensation for adjusting its energy consumption according to market demand. This can be achieved by reducing or increasing consumption in situations where the electricity network needs balancing.
- Reducing energy costs – smart consumption management helps avoid unexpected price increases and stabilises long-term costs.
- Balancing the electricity system – companies contribute to network balance, enabling the electricity system to direct larger amounts of renewable energy.
For example, cold storage facilities that can adjust their temperature by a few degrees, or production equipment that can temporarily reduce its load, are suitable candidates for participating in the flexibility market.
How to join the service?
Joining the flexible energy management service starts with assessing the suitability of the company’s equipment. It is important to ensure that participation in the market does not interfere with the company’s core activities and is technically and economically viable. Enefit offers full support in this process.
The joining process includes the following stages:
- Technical integration – suitable equipment is connected to the flexibility platform to ensure smooth and automated participation.
- Revenue forecasting – we help calculate potential revenue and analyse how it fits into the company’s business model.
- Recommendations for maximising gains – we provide recommendations on how your company can participate in the flexibility market to maximise profits.
As market prices and conditions change, continuous monitoring and a flexible approach are essential. Enefit’s platform enables companies to efficiently adapt their participation according to market developments.
After joining, the system works mostly automatically and there is no need to intervene in its operation on a daily basis.
Contact us
If you want more information about flexible energy management or have any other questions, we would be happy to assist you.
To do so, please contact us by emailing arikliendid@enefit.ee, calling 777 2020, or leaving a consultation request on our website. If you have a personal account manager at Enefit, please contact your account manager for additional information.
