In the United States and many European countries, demand aggregators are the new market player that efficiently manage different distributed energy resources (DERs) by reducing the total cost of the system and generating new revenue for asset owners.
Aggregation platforms are a tool for energy sector agents to generate revenue from the flexibility of energy assets (DERs), benefiting from economies of scale by managing them in an aggregate way in the electricity markets.
The minimum size to pre-qualify in flexibility markets at the moment is 1 MW of flexibility.
Royal Decree 23/2020 regulates for the first time the figure of the demand aggregator in Spain. In this link you can consult the REE Roadmap Update Roadmap MIE_23102020 (ree.es). At the same time, on 03/22/2020 REE opened a public consultation for the modification of the Conditions relating to the balance sheet for balance service providers and settlement subjects responsible for the balance in the Spanish peninsular electricity system.
Our algorithms read the consumption of the different users and the portfolio and compare it with the set point set by REE. In real time, we know if a consumer is responding correctly to our activations. if they are not, we temporarily eliminate them from the equation and distribute the request for flexibility among the users who are responding correctly. This makes it possible to minimize penalties, taking advantage of the aggregating effect and minimizing risks. In the case in which at the portfolio level we cannot follow the REE set point, we notify REE and temporarily stop offering the frequency regulation service.
REE penalties are economic, in the case of not providing the service correctly, the penalty is equal to 1.5 times the profits that would have been obtained by correctly delivering the service.
There are different factors beyond financial savings. Adapting demand to production makes it possible to stop activating gas plants that are now providing these flexibility services. This reduces the environmental impact of its customers, increasing consumer social responsibility. Having the consumption monitored and automated allows detecting possible malfunctions and critical points in the consumption of a building / industry. In addition, better understanding how we consume energy allows us to be more aware of our consumption. If something is not measured, it is difficult to detect. Our monitoring is an added value to what we offer.
The cost of a gateway to exchange information and control devices is around € 250/350, depending on the brand. The installation time is very fast.
Yes, electric car batteries represent an important flexible storage point. As with all other flexible technologies, operating electric cars saves resources for both the marketer and the end user. Bamboo Energy operates different technologies together, so the flexibility of electric cars can be added to that of other technologies (batteries, HVAC, industries, etc …) to reach the MW necessary to operate in flexible markets.