Flexibility Markets Unlocked: Flexify
The “Flexibility Markets Unlocked” project – funded by the UK’s Department for Energy Security and Net Zero – brings together ARUP, Electron, Energy Systems Catapult, and partners aiming to reduce friction for flexibility service providers (FSPs). A key part of the project: Flexify.
Flexibility Markets Unlocked statistics
in project funding
cost savings estimated for flexibility providers by 2035
estimated solution benefits a year by 2050
Enabling streamlined market participation
Use case: Flexibility Markets Unlocked and FlexifyThe Flexibility Markets Unlocked initiative is creating a universal market profile and connector with the associated standards and market rules to avoid data conflicts. The universal profile, asset connector, and market qualification and data and insights – packaged as the platform, “Flexify” – aim to provide a streamlined and consistent approach for FSPs to access market platforms and participate in flexibility markets.
The need for flexible energy systems is growing to address grid congestion from the new, decentralised and bilateral power flows of a renewable energy system.
The number of DERs offering their flexible capacity or flexibility services into markets therefore also needs to grow in parallel. This means scaling the flexibility on offer to manage any potential constraints and curtailment.
However, this requires a frictionless way for DERs to participate in multiple markets. Today, participation involves re-registering across different platforms operating in different regions: a barrier to entry, which Flexibility Markets Unlocked aims to eliminate.
The Flexify platform will lower the barriers to entry associated with flexibility markets, by enabling FSPs to seamlessly move their commercial and technical qualification information between market platforms.
It will also guide FSPs to market opportunities, highlighting the markets where they could participate and making it easy for them to qualify.
Through integrations with the market platforms and the asset connector, Flexify will also be able to provide summary analytics to both FSPs and the broader flexibility ecosystem.
These measures will pave the way for seamless integrations between buyers and sellers across multiple markets, products, and platforms. They will help prevent vendor lock-in and siloed operations while consolidating existing flexibility market developments.
The result? Flexibility providers will be able to register their asset information just once to deliver flexibility services across multiple platforms. That will, in turn, encourage more to participate, helping grow the volume of flexibility for network operators to procure.
Working together
For a better futureWhether you’re buying flexibility or providing grid services, use a marketplace that suits your needs.
Let’s accelerate the transition to Net Zero energy together.
