Ancillary services for balancing and aiding the market
Ancillary services play a crucial role in balancing electricity production and consumption, and maintaining a safe and stable electricity grid. These services include various functions, such as frequency regulation, which involves adjusting the production and consumption of electricity in real-time to maintain a constant frequency on the grid. The responsibility of providing and coordinating these services lies with the transmission system operators (TSOs).
Local flexibility markets
Local flexibility markets are marketplaces where energy producers and consumers can offer flexibility in their production or consumption. These markets are designed to enable a more efficient use of energy, reduce the load on the electricity grid and support the integration of renewable energy.
In a local flexibility market, electricity consumers and producers can offer to lower their consumption or increase their production during certain times of the day or during specific events, such as a high demand for electricity during the winter months. This can then be purchased by the grid owner to free up capacity in the local grid.
Local flexibility markets play an important role in optimizing the energy use and reducing the load on the electricity grid, which in turn can avoid costly investments in grid infrastructure. These markets can also support the integration of renewable energy by making it possible to balance the production of energy from renewable sources with the demand for energy in a more flexible way. Å Entelios assits their customers in offering flexibility from their electricity consumption or production and enabling market participation.
