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Challenge / Goal

Minimizing electricity costs by optimizing electricity usage, producing own energy and participating in electricity reserve markets.

The target also is that energy consumption and production are smartly controlled. Together with this, the smart control system and participation to Nordpool’s reserve markets is assessed. With this type of smart electricity control service, it would be possible to decrease electricity costs with smart control strategies, which follow the electricity market price and thus control the consumption level and utilize the electrical battery. 

Solution

Participating in Nordpools reserve markets to gain profits. This enables day-ahead and intraday trading, clearing and settlement reduce energy prices.

Citizen participation

3. Passive

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Time period

Planning time: 1 to 2 years

Implementation time: 1 to 2 years

Implementers

Schneider Electric

Service providers

Schneider Electric

End users

Citycon

    Main benefits

  • Reducing energy bills

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