Seminar Details
2018-03-06 (14:00) : Electricity Demand Response in practice - why simplicity matters in a complex system
At Euler building (room A.002)
Organized by Mathematical Engineering
Speaker :
Latiers, Arnaud
Abstract :
Demand Response has become an essential part of the Belgian Electric system operations.
This tools allows consumers to participate in the balancing of the grid, or in the value definition in electricity markets (demand curve, elasticity).
It brings value at all stages in the energy system : adequacy, security, efficiency.
While the technical potential is enormous, market potential relatively lower.
One of the biggest barriers to accessing more flexibility in the current market is the fact that more complex models must be put in place to access the unexploited flexible capacity.
Furthermore, services themselves are becoming less user friendly, which makes contractualisation more difficult.
In this talk, we will highlight how simplicity at all stages is the key for success.
Quite amazingly, it starts often by simpler mathematical formulation of the problem...