What: The many layers of flexibility
When: 18th July 2024
Where: Webinar (online)
Time: 11:30 am - 12:30 pm
Join EEA and Cortexo for the upcoming Flextalk webinar on 18th July 2024, from 11:30 am to 12:30 pm.
This session will provide a real-time demonstration of the ‘FlexSplice Hub’ by FlexViz, showcasing how data visibility using real-time graphs and interactive visuals can address system constraints. The webinar will also offer updates on EEA's ongoing activities and the FlexTalk programme.
What we like the most about this session is it shares learning-by-doing which will help to deliver two steps (at least) in Flexibility Plan 1.0; #28 Explore the delivery of a register of flexibility resources and #32 Identify simple approaches to signal opportunities to supply flexibility to users.
Sidenote and a bit of self-promotion…. this is where the real value of the Flexibility Plan shines through. By providing a coherent and structured list of steps and actions focused on a specific, albeit, BIG outcome, the Flexibility Plan helps us all to know whether the hard work going on is well targeted and takes things closer to a point where households, businesses and communities can easily make choices about and realise the full benefits of their flexibility.
Register now to secure your spot
Maximising the value of flexibility relies on making that value easily and routinely available to households, businesses, and communities.
Our latest Insights highlight how we can help future-proof our electricity system by paying households and businesses for their flexibility.
Flexibility might be up there with the best things in life for a resilient and affordable electricity system, but it certainly isn’t free. We need to make rewarding the households and businesses for the services they provide with their flexibility the norm.
This is how the dinner table conversation will change by making it easy and obvious that investment in a heat pump, solar, batteries, an EV or any electric device that can have its operation coordinated could create financial reward for beyond the fuel or power bill. ?
We aren’t there yet, but we think some key changes to the rules and rewards will help flexibility owners to be easily and fairly rewarded for what they are bringing to the table.
The breadth of membership and experience of FlexForum Members, and by the power of Greyskull, mean we are uniquely placed to work together, with government and regulators, to make these key changes happen faster to fill the hole in the value bucket.
Check it out here
FlexForum provided its view to the Commerce Commission on how to ensure the most reliable and affordable distribution services possible, making it easier for households, businesses, and communities to electrify and maximise the value of their flexibility.
We believe the proposed arrangements will encourage incremental productivity improvements but need more robust encouragement of ambitious learning-by-doing to make the transformational change necessary to integrate flexible resources. This change is essential for delivering a reliable and affordable distribution service as the economy electrifies.
More flexibility, faster, will give distributors a lower-cost way to provide the distribution service and give households, businesses, and communities more ‘flexible’ options to reduce their use of the network and individual electricity bills.
This way, everyone’s a winner, baby, that’s the truth…
Read our full advice document here.
