INESC TEC concluded the FlexAgg project, a consultancy contract with EDP Comercial related to the participation of large electrical energy consumers in the regulation reserve market, within the scope of the pilot-project promoted by the Portuguese Energy Regulator (ERSE). This pilot will enable consumers to participate more actively in the electricity and ancillary services markets.
The results of this pilot-project validated the interest of large electrical energy consumers in participating (individually or aggregated) in the regulation reserve market, also proving that said market is viable.
“The pilot took new steps towards the creation of a regulatory framework for the integration of demand-side flexibility in power system management. This new reality enables the creation of innovative business models in the energy sector, and contributes to a greater integration of renewable energy sources”, explained Ricardo Bessa, coordinator of the Centre for Power and Energy Systems (CPES), and head of this project.
This project aimed to quantify demand-side flexibility, targeting energy intensive consumers. CPES researchers have developed flexibility assessments and performance indicators for different industries, as well as a methodology for static and dynamic estimation of demand-side flexibility and economic valuation.
CPES researchers Ricardo Bessa, David Rua and Leonel Oliveira, as well as Cláudia Abreu and Luís Paulo Cirne, former researchers from the same Centre, were part of the team in charge of developing the study.
The INESC TEC researchers mentioned in this news piece are associated with INESC TEC.