Simulations Supported Real Time Energy Management in Building Blocks
The growing share of variable renewable energy necessitates flexibility in the electricity system, which flexible energy generation, demand side participation and energy storage systems can provide. SIM4BLOCKS develops innovative demand response (DR) services for smaller residential and commercial customers, implements and tests these services in three pilot sites and transfers successful DR models to customers of project partners in further European countries. SIM4BLOCKS’ main objectives are to specify the technical characteristics of the demand flexibility that will enable dynamic DR; to study the optimal use of the DR capability in the context of market tariffs and RES supply fluctuations; and to develop and implement market access and business models for DR models offered by blocks of buildings with a focus on shifting power to heat applications and optimization of the available energy vectors in buildings.
EIFER’s contribution consists of a simulation-supported exploration and analysis of market access strategies and business models together with their relevance under current and upcoming regulation schemes across the EU. EIFER leads the work package on business models, market access and standardization.
This project has received funding from the EU HORIZON 2020 programme under grant agreement No. 695965.