While variable renewable electricity generation is increasing, its cost-effective integration in the energy system remains a challenge. The electrification of consumption, from households to industries, has stagnated at around 23% across Europe. The electrification of demand could place unnecessary strain on the system if it is not made more flexible. To support an increasingly intermittent energy system, peaks in electricity consumption must be avoided and electrified consumers rewarded for shifting demand to another time of the day. The session will present solid business models to support the flexible consumption of renewable electricity in homes, buildings and industries.
02:30 pm - 04:00 pmSmart Electrification of Demand