Seven key steps for accessing demand response revenue.
| Date/Time: | 24 May 2012
13:15-13:30 |
| Location: | Energy Theatre One |
Seminar Details
Many businesses are sitting on untapped sources of revenue in their standby generators, electricity consuming equipment, combined heat and power (CHP) generators and hydro generators. Revenue can exceed £100,000 per annum on a single, medium-sized industrial site.
Most energy, facility and financial management professionals - together with service providers and equipment manufacturers - are coming under increasing pressure to cut costs and create new revenues.
Demand Response represents a growing segment of the UK Government's plans to create a flexible, smart and responsive electricity system, powered by a diverse and secure range of sources for electricity - both generation and consumption turn-down. Demand Response reacts when the national electricity demand peak is higher than expected, or if the expected electricity supply to grid fails.
Companies that participate under contract (normally as part of an aggregated group) receive an electronic instruction from National Grid via an aggregator to start generation or turn down consumption for short-durations. Revenues transfer to the owners of the assets connected.
However appealing the thought of important new revenue may be - there are obviously questions such as; will there be disruption to my core business, and are my energy assets compatible?
This presentation will address the practical steps required of companies to participate in Demand Response and provide guidance on the decisions that will need to be made.
Content of the presentation will be geared for asset owners and managers, manufacturers, installers, service and support organisations.
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