World : Flexitricity secures £20m in savings over a decade of smart grid operations

Flexitricity has generated more than £20 million in savings for UK businesses over 10 years of smart grid operations.

 

The demand side response firm has generated £12m in direct revenue for British businesses since going live in 2008, by helping them respond to shortfalls and excesses in the nation's energy supply.

Flexitricity has also helped large energy consumers save £11m in network charges, by helping them reduce load and increase on-site generation when national energy demand is at its highest.

Delivering nearly 70GWh of electricity in Short Term Operating Reserve (STOR) to National Grid over the last decade, the company says the results underline the importance of demand side response to the UK's energy security.

The firm racked up £4.3m in turnover in the year ending March 2017, its best year of trading to date. Flexitricity's managing director, Ron Ramage, said: "The past decade has been one of tremendous growth for Flexitricity, and our ambition is to use these results as a platform for further growth.

"There are exciting times ahead for the company and our partners, as we move into the supply and energy trading side of the market - an industry first - which will provide yet another string to our bow as we develop another lucrative revenue stream for our customers."

Flexitricity's customers include small generators and business electricity users, including commercial greenhouses, warehouses, NHS hospitals, universities, banks, datacentres, and manufacturers, and the growing pool of district heating schemes which provide low cost energy to help alleviate fuel poverty. 

 

Source : https://networks.online/gphsn/news/1001113/flexitricity-secures-gbp20m-savings-decade-smart-grid-operations

Smart Grid Bulletin August 2018


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