Putting customers at the centre Energy Efficiency Council Demand Response Forum, Nathaniel Galindo, General Manager – Engineering 26/11/2019,
The shape is changing… $160 $160 $140 $140 $120 $120 $100 $100 $80 $80 $60 $60 $40 $40 $20 $20 $- $- 0 0 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 Putting customers at the centre 2
Flow Power empowers Australian businesses to unlock value from the wholesale energy market. We partner with businesses to reshape how they manage energy. Putting customers at the centre 3
Unlocking value with Demand Response (DR) Putting customers at the centre 4
DR customer examples 18 & 19 January 2018 28 January 2018 $14,000.00 $10,000.00 $12,000.00 $8,000.00 $10,000.00 Price ($/MWh) Price ($/MWh) Power (kW) Power (kW) $6,000.00 $8,000.00 $6,000.00 $4,000.00 $4,000.00 $2,000.00 $2,000.00 $- $- Agg kW VIC1 RRP 5-Min RRP Agg kW VIC1 RRP 5-Min RRP 14 hours in DR mode saved 5% of total annual cost 4 hours in DR mode saved 1% of total annual cost 24 & 25 January 2019 1 Mar 2019 $16,000.00 $16,000.00 $14,000.00 $14,000.00 $12,000.00 $12,000.00 Price ($/MWh) Price ($/MWh) Power (kW) Power (kW) $10,000.00 $10,000.00 $8,000.00 $8,000.00 $6,000.00 $6,000.00 $4,000.00 $4,000.00 $2,000.00 $2,000.00 $- $- $(2,000.00) Agg kW VIC1 RRP 5-Min RRP Agg kW VIC1 RRP 5-Min RRP 12 hours in DR mode saved 15% of total annual cost 6 hours in DR mode saved 2% of total annual cost Putting customers at the centre 5
DR and renewables… 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - 23-Jan-19 24-Jan-19 25-Jan-19 Customer Load Price Putting customers at the centre 6
DR is not only about turning things off $200 60,000 $180 50,000 $160 $140 40,000 $120 $100 30,000 $80 20,000 $60 $40 10,000 $20 $- - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Typical Weekday Price Curve Typical Daily Energy Profile Hypotherical DR Profile Putting customers at the centre 7
Moving towards a more efficient energy system Respond to greater volatility and negative Spot market pricing Improved system reliability and help balance supply and demand to reduce pricing for the whole market. Energy management Renewable generation New technology and energy storage solutions are providing greater means for flexibility Demand management Putting customers at the centre 8
Putting customers at the centre 9
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