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Demand Response
Our virtual power plant consists not only of power producers but also of power consumers. Like producers, energy intensive industries such as industrial parks or processing industries have an effect on the grid and sometimes cause imbalances, when their power consumption quickly rises or drops. But this also means that energy intensive industries can have a positive effect on the grid by providing balancing energy: If they are willing to reduce or increase their consumption in times of grid overload (“Demand Response“).
In addition to being a prospective player on the balancing energy markets, energy intensive industries are also in constant need of short-term power trading, in order to match their hourly consumption. As a licensed trader on the spot market, Next Kraftwerke offers to supply large-scale industrial consumers with the amount of power they require at very short notice. As a result, the consumer’s entire power procurement process becomes more streamlined and more cost-efficient.
Balancing Energy
In order to offer balancing energy, industrial processes need to be connected to a central control system which handles incoming grid data and signals. By installing our telecontrol module on the industrial park, this connection is established via machine-to-machine communication.
As soon as a remote control unit – our Next Box – is installed on the power consumer’s facility, the consumer’s flexibility is sold on the balancing energy market.
The consumer receives a stand-by fee for his readiness to adjust production. At this stage, the production process itself is not affected.
In the event of grid overload, power consumption is adjusted within minutes. The power consumer receives a bonus for his services from Next Kraftwerke.
Short-Term Trading
Planning the power consumption of energy-intensive industrial processes is a complex operation. Due to the complex nature of the subject, it is imperative to have backup capacities available at short notice. Next Kraftwerke procures those backup capacities using short-term trading on the spot market of the energy exchange in order to supply the energy intensive industries of our virtual power plant with the required amount of power at all times.
