Building Up Next-Generation Smart Energy Services Offer and Market Up-take Valorising Energy Efficiency and Flexibility at Demand-Side

Project Overview

The project is to develop an integrated package (a one-stop-shop package) of novel smart energy efficiency services (EES) integrating energy efficiency and distributed generation, demand response, e-mobility, energy storage/hybrid energy systems, and integrating different energy sectors (e.g., electricity with heating and cooling).

Objectives

• Develop innovative financing and rewarding solutions.
• Investigate the integration of non-energy benefits and non-energy services.
• Identify market, regulatory, and other barriers for integrated energy efficiency.

Recommendations

Innovative legal, financial, and regulatory solutions to overcome these barriers and enablers of the EES market will be recommended.

Advanced Analytics

Advanced analytics capabilities will be utilized to better manage energy consumption in buildings. This will allow the implementation of the energy services integrated into the smart EES package.

Market Integration

The project will demonstrate these capabilities to market actors and final consumers/prosumers, allowing integration into various markets, including:

1. Balancing market
2. Wholesale market
3. Ancillary services
4. Flexibility market

This will ensure performance improvements, providing benefits in comfort, health, and safety aspects.

Financial Incentives

Focus will be on methods to assign rewards and financial incentives to all market actors, including:

• Energy services providers companies (ESPCs)
• Aggregators
• Distribution System Operators (DSOs)
• Energy cooperatives
• Obliged parties under the Energy Efficiency Obligation Schemes implementing Article 7 of the Energy Efficiency Directive (EED)
• Final consumers/prosumers

Regulatory Analysis

Considering the differences in today’s EES markets and relevant regulatory environments in EU Member States, the (r)evolution of smart EES will differ from one country to another. The project will analyze the regulatory conditions for unlocking the full potential of integrated energy efficiency services and whether any market organization measures would be necessary.