Staggering Rise in Companies Using Flexible Demand to Cut Bills
Huge support for evolution of “smart market” offerings
- Massive 64% rise in businesses using demand side response
- Majority put carbon savings before energy savings
- Astounding 99% back a smarter energy market
LONDON – There has been a stunning rise in the number of retail and food and drink manufacturers offering flexible energy demand, or demand side response (DSR), a new survey for npower Business Solutions (nBS) has revealed.
The findings come as the government prepares a call for evidence on a “smart” energy market. It is looking to boost incentives for those who can flex their demand at short notice. National Grid has a 2020 target of achieving 30-50% of grid balancing from demand-side sources rather than large power stations, as a number of power stations are taken offline and intermittent generation rises.
The savings potentially generated by this nationally are substantial: The National Infrastructure Commission found that a Smart Market could save consumers up to £8 billion a year by 2030, as new technologies – ranging from smart meters to energy storage – give consumers the opportunity to manage their energy consumption more flexibly.
David Reed, Head of nBS, is responsible for overseeing the development of energy products, services, and solutions for some of Britain’s largest businesses. He said: “New technologies and business models allow businesses to take control of their energy management. The food and drink industry for example can use refrigeration load to flex demand, with just a few small on-site additions to the infrastructure, resulting in significant savings.”
He added: “At nBS we are continually innovating to empower our customers. We are the first energy company to develop an in-house DSR aggregation facility, which we will be taking to market in Q4 2016. We aim to become the energy supplier with the widest range of DSR products in the market place, making us first choice for our customers for all things energy.”
Organisations that can provide system flexibility by participating in one of a range of DSR schemes help to balance the electricity network, improving the system’s stability and reducing their costs.
These schemes continue to evolve and currently include Short Term Operating Reserve (STOR), network charge optimisation (including Triad), Demand Turn-Up and an ever expanding range of Frequency Response products now available to UK organisations.