21 August 2018
FutureFlow - Designing eTrading Solutions for Electricity Balancing and Redispatching in Europe

 

Winter 2017


Our world is changing and so is the energy field. As we strive to the decarbonised world, we now have more and more electricity produced from renewable sources who have considerably reduced capabilities of conventional, fossil-fuel based power plants to ensure balancing activities and congestion relief through redispatching. And there are also industrial and household consumers, equipped with state-of-the-art devices, who are no longer just ordinary consumers, but can also produce electricity or regulate their consumption. Their potential is to become active players in power system security.

FutureFlow with its research and innovation activities aims to provide regional integration of balancing markets and to provide infrastructure for consumers and distributed generators to be able to provide flexible balancing and redispatching services. The aim is not just to provide prerequisites that enables participation of those sources but also to validate that they are actually capable of offering services on same quality level as conventional units within an attractive business environment.

As a development project, FutureFlow will not remain solely on the level of scientific contributions. The results of its work will include prototype solutions which industry can apply in the real economy after the end of the project:

  • Prototype platform for the aggregation of distributed generation and demand response;
  • Prototype of the regional balancing and redispatching platform.

 

We believe that in the near future active consumers will become guardians of the power system, contributing to the most challenging of all TSOs' balancing services, consequently reducing their electricity prices and the dependence of countries on fossil fuels, as well as lowering CO2 emissions.

PROJECT PROFILE

  • Duration: 2016 – 2020
  • Project value: EUR 13 million (Horizon 2020 programme)
  • Consortium: 3E, APG, CYBERGRID, EIMV, EKC, ELEKTRO ENERGIJA, ELES, GEMALTO, GEN-I, MAVIR, SAP, TRANSELECTRICA
  • Coordinator: ELES, d.o.o., Slovenia

 


More information:
Web Page: www.futureflow.eu
E-mail: future.flow@eles.si


This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement no:691777