Advertising Feature
The Capacity Market scheme supports the
electricity grid is heightened demand. grid
by balancing available supply with demand, especially when the
experiencing Capacity
Market customers earn revenue by modifying their energy consumption or production in response to grid signals. By ensuring its CHPs produce power above its contractual minimum, participants
make additional
capacity available to support grid stability and flexibility when the grid is experiencing high demand.
The cooperative’s entry to the scheme includes compliance, data
analysis and testing, and
submissions to the Electricity Market Reform Settlement body. When the first site’s Capacity Market access proved successful, participation was extended to five further dairies and creameries that used CHPs.
Since first participating in the Capacity Market in 2020, the dairy producer has generated over £1.25 million in revenue and unlocked a consistent stream of new revenue every year.
The Benefits Of Flexibility Partnerships And Cogeneration
The CHP plants enable the company to participate in the Capacity Market while maintaining efficient production processes at all six participating sites. As CHPs use power produced on site, directly feeding into the consumption source, there is less reliance on the national grid for power, which effectively frees up capacity that can be used elsewhere.
Every site, farm, or dairy is different, and support from Enel
X helped the business understand what was possible at an initial dairy site. The rapid expansion to further locations is a testament to the partnership and the benefits that working with a leading Capacity Market expert can create.
In addition to this, participation in the Capacity Market helps reduce emissions beyond the scope 1, 2, and 3 goals. By freeing up available capacity to balance energy demand at peak times, Capacity Market participants avoid the need for large, new fossil-fuelled power plants to be built and aid the integration of further renewable sources onto the grid.
Generating power on-site allows organisations to participate in other non-load curtailing flexibility schemes. The business is now able to leverage its CHP plants to access additional market mechanisms in the future, and further diversify potential revenue streams.
Promoting Sustainability While Maintaining Production The efficient use of energy is vital to achieving the environmental sustainability that our planet needs and the economic sustainability that cooperative owner-farmers require. By partnering with companies like Enel X, food manufacturers can meet ambitious science-based sustainability goals, reduce carbon emissions and generate new revenue streams from participating in grid flexibility programs, all while maintaining efficient production processes.
To find out more, contact us at:
https://www.enelx.com/uk/en/contact-us
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