The residential sector presents a good opportunity for energy flexibility through demand side response.
In addition to providing stability to the energy system, residential flexibility benefits customers as it allows them to reduce their electricity bills by shifting their electricity usage to cheaper times and by avoiding system charges on their electricity bills.
Project FLASH (FLexibility Assets and Smart Homes) is a feasibility research study awarded as part of the Alternative Energy Markets (AEM) Phase 1 competition launched by the Department of Energy Security and Net Zero (DESNZ). The objective of the AEM competition is to assess the potential value of domestic flexibility through demand side response in a future energy market with a different structure to the one known today.
This is our follow up webinar that builds upon our interim session and concludes our Phase 1 findings. In this session, we will provide a comprehensive overview of the critical findings pertaining to optimised flexibility tariffs, customer acceptance, and their profound influence on enhancing system resilience while managing cost impacts effectively.
In this webinar, you’ll acquire a holistic understanding of the essential findings required to optimise residential flexibility. We will explore the key factors that facilitate the unleashing of residential flexibility from three distinct perspectives:
- Energy markets – How do energy market frameworks need to change in order to unlock demand side flexibility from small residential assets? What value to the wider energy system can be obtained from residential demand side flexibility?
- Customer engagement – What is the role of the customer to enable demand side flexibility? How does their role differ depending on their segment i.e., with or without pre-existing energy assets?
- Flexibility propositions – What is the value of flexibility tariffs to unlock residential flexibility? How can tariffs be bundled with access to domestic energy assets to maximise the value of flexibility for the customer, the energy system and the propositions provider?
This webinar is relevant for network operators, energy suppliers, housing associations and private landlords, local authorities, policy makers, and other senior professionals in the energy power market.
The panel discussion covers a range of topics and questions on the outlook for residential flexibility in a future energy system in 2030.