Energy Efficiency Finding and realising energy savings 27 th March 2006.
New Revenue and Cost Savings Opportunities – Realising the Value of Flexibility
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Transcript of New Revenue and Cost Savings Opportunities – Realising the Value of Flexibility
Stuart Duncan
Flexibility Business Development Manager
REALISING THE VALUE OF FLEXIBILITY
Global leaders in
renewable generation,
supporting
sustainability needs of
UK business
Supporting across the
entire energy strategy Key focus Flexibility
Gas
Electricity
Trading Solutions
Flexibility
Sustainability
DONG Energy – at a glance
Cost Volatility Sustainability and
CSR
3
Market trends and challenges facing large energy users
Gas
Electricity
Trading Solutions
Flexibility
Sustainability
Affordability
Sustainability
Security of supply
The industry must innovate to
maintain system balance
Sustainable generation is
replacing aged coal plants
Generation is more
intermittent, making output
less predictable
System margins are
coming down as power
stations come offline
The importance of flexibility
5
Manage demand
and reduce commodity costs
Unlock your flexibility
and generate new revenue
EMEX, 19TH NOVEMBER 2016
The benefits are two-fold
6
Energy Vision & Site Optimisation
Identifying and understanding flexibility
SHARP FOCUS ON INTELLIGENT PLANNING
CUTS ENERGY COSTS FOR KODAK ALARIS
When I heard about Site Optimisation at a seminar, it
was a real ‘light bulb’ moment. It’s unique – I’d never
come across anything like it before, but it was the
perfect fit for our needs.
David Jeans, Energy Manager, Kodak Alaris
How flexibility helped
Kodak Alaris cut energy costs
Complex on-site generation set up
Operational run schedules produced manually each day
Calculations based on broad averages, rather than accurate
Day Ahead market information
Generation and consumption assets not being used in the
most cost efficient way
The challenge for Kodak Alaris
1. INPUT: MARKET &
PLANT DATA
Day Ahead half-hourly
market information is
gathered and Kodak
enters plant information
on the web portal
3. OUTPUT:
OPTIMISED RUN
SCHEDULES
Optimum daily run
schedules produced,
which are printed out
and handed to
operational staff
2. ANALYSIS
Sophisticated
algorithms analyse
changing market
data in relation to
operating
constraints and
asset availability
Site Optimisation defines the
most cost efficient way to:
1. Operate equipment
2. Schedule production
3. Generate electricity on-site
4. Export to the grid
The result: Kodak has an
operating plan that now changes
from hour to hour. Previously this
would have been a plan built for
the week, based entirely on
averages.
The solution
By following Site
Optimisation’s
recommendations to
within 3%, energy
costs were reduced by
11%, whilst maintaining
operational output 11%
The result
11
Manage demand
and reduce commodity costs
Unlock your flexibility
and generate new revenue
The benefits are two-fold
The global leader in offshore wind and we have a large generation
portfolio to balance.
By using the flexibility within customer portfolios we can reduce consumption
during times of low system margin, reducing our imbalance costs. Customers
receive a share of the savings on delivery of flexible consumption.
Simple to set-up and use:
generate revenue at times that suit you
commitment free – no penalties for not delivering
no minimum volume requirements for participation
12
Renewable Balancing Reserve
13
1 2 3 5 4
Renewable Balancing Reserve – how it works
Transparent electricity
contracts
Range of flexibility
solutions
Renewable electricity at no premium
14
Gas
Electricity
Trading Solutions
Flexibility
Sustainability
DONG Energy innovation
OVERVIEW
Q&A
15
Thank you
OVERVIEW 16
Stuart Duncan
Flexibility Business Development Manager
07500 089 668