Kaluza and Flexitricity have teamed up to offer demand response in the Balancing Mechanism, optimising domestic battery storage and electric vehicle (EV) batteries. As the electricity system diversifies, flexibility to meet the more dynamic demand profile is growing. Recently, high gas prices across Europe, combined with a number of generator outages – prevalently the IFA interconnector – and low winds have led to a particularly constrained grid. This caused prices to spike to highs of £4,000 per MWh in the Balancing Mechanism. Working together, Kaluza and Flexitricity will enable domestic half-hourly settled customers to use their domestic smart chargers, vehicle-to-grid (V2G) chargers and batteries in the Balancing Mechanism, lowering their bills.
Current 17th Sept 2021 read more »
Business Green 17th Sept 2021 read more »