Flexcity is proud to have been FULLY selected for more than 350MW in the Elia Capacity Remuneration Mechanism (CRM) auction!
The results of this auction demonstrate the 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗿𝗼𝗹𝗲 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:
👌 A 𝗦𝗘𝗖𝗨𝗥𝗘 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.
💰 𝗔𝗙𝗙𝗢𝗥𝗗𝗔𝗕𝗟𝗘 security of supply. Demand response is limited to a remuneration of €20K/MW/year whereas gas plants claim on average €44K/MW/year. Saving the tax-payer at least €6M/year.
🌿 𝗖𝗟𝗘𝗔𝗡 security of supply: delivering energy with demand response has no CO2 emissions
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.