Industrial Flexibility as Demand Side Response for Electrical Grid Stability

Electricity markets are currently experiencing a period of rapid change. The intermittent nature renewable energy is disrupting the conventional methods used in operational planning electrical grid, causing shift from day-ahead forecast policy to real-time pricing delivered electric power. A path towards more renewable, robust and intelligent system inevitable but poses many challenges researchers industry. In field process industry, strategies based on demand side response receiving attention could represent partial solution for this challenge. Coordination between production scheduling procurement power high importance can contribute reducing cost emissions associated with production. methodology quantify such benefits presented here case study, which reveals potential flexible operation. case, minimum compensation flexibility services ranges 5 20 € per unit (MWh) restricted However, depends geographic location (electricity prices) frequency restrictions. method follows rolling approach that provides optimization short-term schedule. This work introduces concept representing processes as ‘equivalent batteries’ store electricity low-cost periods intermediate products consume embedded during high-cost periods. Cost related providing combined profits optimized toward monetization an ancillary service grid. Balancing implementing DSR solutions means calculating strategy grid flexibility.