Browsing Cases by Subject "Dynamic Electricity Pricing"
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Event identification and demand management at FluviusAs a Distribution System Operator (DSO) in the Flemish Region of Belgium, Fluvius plays a role of strategic importance. With the growing energy demand and proliferation of new energy technology, DSOs require significantly more resilience to withstand upcoming disruptions. The energy system-wide approach towards building resilience aims to develop monitoring and prevention procedures. Smart meter data analytics opens a new avenue for the use of event management, enabling decision-makers to detect anomalous events in real-time and respond within a short time frame. Although some events strike either immediately or after a short warning, other events are anticipated well in advance. It is suggested that the danger of growing peak consumption will be combatted with demand management tools, which involve the consumer's engagement and more efficient use of technology. On the one hand, opting for dynamic pricing can leverage the consumer's potential to change consumption behaviour and decrease the harmful spike peak for the power infrastructure. On the other hand, electricity storage can decrease congestion in the power grids and support more active adoption of renewable technology. The systematic approach towards disruptions can build Fluvius' resilience, so that the organisation can bounce back with low impact on performance.