Flexcity is proud to have been FULLY selected for more than 350MW in theย Eliaย Capacity Remuneration Mechanism (CRM) auction!
The results of this auction demonstrate the ๐ฒ๐๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐ฟ๐ผ๐น๐ฒ of demand response and storage in realizing a secure, affordable, and clean energy transition. 321MW of demand response and 41MW of batteries were selected in the CRM auction.
As a front-runner in the Belgian flexibility market, Flexcity provided more than 80% of the demand response volumes in the CRM auction, contributing to:
๐ A ๐ฆ๐๐๐จ๐ฅ๐ Belgian energy system. In times of extreme scarcity, reducing the electric consumption of the industry is equivalent to starting up a gas-fired power plant from an adequacy perspective.
๐ฐ ๐๐๐๐ข๐ฅ๐๐๐๐๐ security of supply. Demand response is limited to a remuneration of โฌ20K/MW/year whereas gas plants claim on average โฌ44K/MW/year. Saving the tax-payer at least โฌ6M/year.
๐ฟ ๐๐๐๐๐ก security of supply: delivering energy with demand response has no CO2 emissions
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We look forward to coming up with more innovative solutions to guarantee the security of supply in the future Y-1 auction, where an additional 2.5GW will be auctioned.
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