New Oxford Institute for Energy Studies paper looks at Reforming Capacity Markets and How to Incorporate the Flexibility of Residential Consumers 👉 Link to OIES Paper: https://lnkd.in/dQDGNjUD Key points: 💠 Instead of building new generation capacity to ensure resource adequacy, demand response resources can lower residential consumption for financial compensation at times of generation scarcity 💠 Residential demand response can greatly favour the system but its uptake is quite low since residential consumers tend to withdraw from demand response programs if the inconvenience of participating becomes too high 💠 Paper proposes a simple, nonintrusive and cost-efficient methods for residential demand participation in capacity markets through priority pricing contracts 💠 Priority pricing contracts could be integrated via an aggregator as explicit demand response in capacity markets, advocating for participation on the ‘demand’ side rather than the ‘supply’ side to prevent market distortion and better align with consumer reliability preferences 💠 Aggregators are responsible for the imbalances between the flexible consumer’s forecast and actual consumption instead of energy suppliers to avoid retail market distortions #aggregators #demandflexibility #electricitymarkets #
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💡☀️🙏This is an interesting view which could help support companies and local authorities with community engagement policies enforced(?) during the planning process. ✅I believe increased generation and distribution could also be community-guided initiatives to strengthen manufacturing, skill development, supply, demand, and storage of (renewable!) energy as well as stakeholder relationships. 💚
New Oxford Institute for Energy Studies paper looks at Reforming Capacity Markets and How to Incorporate the Flexibility of Residential Consumers 👉 Link to OIES Paper: https://lnkd.in/dQDGNjUD Key points: 💠 Instead of building new generation capacity to ensure resource adequacy, demand response resources can lower residential consumption for financial compensation at times of generation scarcity 💠 Residential demand response can greatly favour the system but its uptake is quite low since residential consumers tend to withdraw from demand response programs if the inconvenience of participating becomes too high 💠 Paper proposes a simple, nonintrusive and cost-efficient methods for residential demand participation in capacity markets through priority pricing contracts 💠 Priority pricing contracts could be integrated via an aggregator as explicit demand response in capacity markets, advocating for participation on the ‘demand’ side rather than the ‘supply’ side to prevent market distortion and better align with consumer reliability preferences 💠 Aggregators are responsible for the imbalances between the flexible consumer’s forecast and actual consumption instead of energy suppliers to avoid retail market distortions #aggregators #demandflexibility #electricitymarkets #
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Interesting outlook to manage the energy transition we are leaving in.
New Oxford Institute for Energy Studies paper looks at Reforming Capacity Markets and How to Incorporate the Flexibility of Residential Consumers 👉 Link to OIES Paper: https://lnkd.in/dQDGNjUD Key points: 💠 Instead of building new generation capacity to ensure resource adequacy, demand response resources can lower residential consumption for financial compensation at times of generation scarcity 💠 Residential demand response can greatly favour the system but its uptake is quite low since residential consumers tend to withdraw from demand response programs if the inconvenience of participating becomes too high 💠 Paper proposes a simple, nonintrusive and cost-efficient methods for residential demand participation in capacity markets through priority pricing contracts 💠 Priority pricing contracts could be integrated via an aggregator as explicit demand response in capacity markets, advocating for participation on the ‘demand’ side rather than the ‘supply’ side to prevent market distortion and better align with consumer reliability preferences 💠 Aggregators are responsible for the imbalances between the flexible consumer’s forecast and actual consumption instead of energy suppliers to avoid retail market distortions #aggregators #demandflexibility #electricitymarkets #
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Energy Efficiency in Non-residential Buildings Market Size, Growth, Forecast 2023–2029 (By Type, By application, By Company) https://lnkd.in/epsKmtzi #marketanalysis #marketresearch #marketresearchreports #businessintelligence
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🔔 REMINDER Upcoming Webinar "Enticing residential consumers to become electricity flexibility providers" 🔔 📌 Set your calendar: 25 October 2023, 13:00 CEST 🔗 Secure your spot: https://lnkd.in/eUf9f89S ISGAN Virtual Learning and the BeFlexible EU project are teaming up to shed light on how residential consumers can transform into pivotal electricity flexibility providers. Speakers: 🔸 Carmen Valor 🔸 Valeria Karina Moreno From Universidad Pontificia Comillas. 🔍 Key Takeaways: - Overcome barriers faced by consumers. - Explore the five value propositions for attracting residential flexibility. - Strategies for fully unlocking consumer flexibility potential. Perfect for policy makers, all levels of engineers, ESCOs, and aggregators. Be a part of the change. Engage in this crucial dialogue and reshape the residential electricity flexibility sector. #Webinar #ElectricityFlexibility #BeFlexible #ISGAN
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The Energy-Efficient Path of Utility Programs for U.S. Industrial Manufacturers Leads to Cost Savings Utility programs target industrial manufacturers because the industry saves more energy per dollar on average than any other sector. Moreover, industrial customers are twice as cost-effective for utility programs than residential customers, mainly because a manufacturer uses more energy per unit of area than the average homeowner. When the use is high, so is the opportunity for improvement. Read more: https://lnkd.in/ezN72YEq
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Solving Complex Technical Business Information Security Challenges from Strategy to Execution.
Less than one-third of U.S. commercial buildings were all-electric in 2018 Fewer than one-third of U.S. commercial buildings were all-electric in 2018, and all-electric commercial buildings were most prevalent in the South, according to data from our Commercial Buildings Energy Consumption Survey (CBECS). As of 2018, 31%, or 1.8 million commercial buildings, were all-electric nationwide. https://bit.ly/47veKwQ
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I'm thrilled to announce the publication of the third and final paper of my PhD thesis! 🎓 This paper builds on my previous internal temperature and district heating studies. It focuses on the cost-effectiveness of current heat pump subsidies in Ireland, particularly examining the impact of the Heat Loss Indicator (HLI) subsidy thresholds on optimal decarbonisation pathways. 🔍 Adjusting HLI thresholds to be more lenient, in line with European standards, can reduce the average sectoral marginal CO2 emission price by 60%. 🔍 An HLI threshold of 2.3 W/K/m² is near optimal for cost savings. 🔍 To follow optimal decarbonisation, tackling electricity prices and increasing household awareness of their heat pump readiness is crucial Read the full paper here: https://lnkd.in/e97jJ-tC #PhD #Research #EnergyPolicy #Decarbonisation #HeatPumps #Sustainability #Ireland #ClimateChange #UCC #MaREI
Advancing cost-optimal residential decarbonisation pathways: An examination of heat pumps and thermal efficiency
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From the 1st of April, the new energy price cap will come into place, meaning typical domestic consumption values will be capped at £1,928. But what does this mean as a property owner? 🏠 💸 You may need to consider adjusting your rental rates to account for any increases in energy costs exceeding the capped amount. 🔋 You could invest in energy-saving upgrades, such as insulation and energy-efficient appliances, to reduce overall energy consumption and lower costs. 💰 If you operate multiple rental properties in your investment portfolio, you may want to assess the impact of energy price fluctuations on profit margins. Although the energy price cap provides some protection against excessive price increases, you will need to continue to monitor energy costs closely and adjust property management strategies to maintain profitability. We recommend staying informed about the changes to the energy price cap, such as checking Money Saving Expert regularly, and monitoring how this impacts your operating costs so you can make appropriate changes ✅ #EnergyPriceCap #EnergyPrices #PropertyManagement #PropertyMaintenance
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Hi Everyone, So, the general election just happened, and it's brought in a fresh new government! Hopefully we are going to see positive change encouraging growth in new housing. As a Strategic Land and/or Housing Developer, you're all too familiar with the headaches that utilities can cause. It's easy to treat them as an afterthought, but the truth is, they can make or break a project. There's so much to consider, available capacity, network reinforcements, points of connection, overhead lines, underground assets, costs, and risks. And now, with all the zero-carbon legislation and tech out there, things are only getting more complicated. There is so much to consider - EV Charging, PV (solar panels), Battery Storage? Gas is being discontinued and this is driving alternative heating options: District Heating? Air Source Heat Pumps? Ground Source Heat Pumps? Ultimately, we are electrifying everything, and this is increasing the average electric demand for housing. It's a lot to handle! Don't let utilities hold up your plans. If you're looking to submit planning, promote or purchase a new development site, we can help. We offer Capacity checks, Utility Searches, Preliminary Utilities Assessments, Diversions, Risk Assessment, Points of Connection, and more. We're here to guide you through the entire process, from initial concept to utilities procurement. And if you have any specific questions or project in mind, just give me a shout: Charles Stahly 07977 763033 charles.stahly@tetratech.com You can also check out our website for more info: Web Site: https://lnkd.in/eYH2xNyf #housingmarket #land #landdevelopment #landforsale #housingdevelopment #utilities #infrastructure
