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Flexible energy management

Earn additional revenue with your company's electrical equipment

Earn up to 15% income without additional investment

Enefit's flexible energy management service balances electricity on the HV grid and allows companies to generate additional revenue by planning and managing the load on their energy system.

For example, by reducing the temperature of the freezer by one degree for a short period of time, pumping water to the pumping station 30 minutes later than usual or adjusting the heating schedule of an electric heater.

Savings from flexible energy management can amount to up to 15% of a company’s annual electricity consumption costs or revenue from the amount of electricity it produces.

At the same time, flexible energy management allows a greater use of renewable energy and reduces the environmental impact of industrial enterprises.

The cost of connecting to the service is covered by Enefit and no additional investment is required from your company.

Calculate the potential income

Smart solution

Watch the video and find out what is flexible energy management

Which devices are suitable for the flexible energy management service?

All electrical devices whose load schedule can be shifted are suitable.

INDUSTRIAL CONSUMERS

  • Water heaters and boilers
  • Pumps
  • Furnaces
  • Heating and refrigeration equipment
  • Crushers
  • Compressors

UNINTERRUPTIBLE POWER SUPPLIES

  • Industrial batteries
  • Uninterruptible power supplies
  • Generators

ELECTRIC TRANSPORT

  • Electric buses
  • Electric cars
  • Electric ferries
  • Charging stations

DISTRIBUTED PRODUCTION UNITS

  • Wind farms
  • Solar power plants
  • Cogeneration plants
  • Pumped-storage hydropower plants

How does the flexible energy management service work?

For balancing existing electricity during peak load, Augstsprieguma tīkls pays the electricity consumers involved in providing the balancing reserves.

By connecting Enefit's flexible energy management service, your company's equipment will be securely connected (ISO 27001 information security certificate) to our virtual power plant (VPP).

The VPP participates in the energy market and generates revenue and savings for your company.

Revenue estimation for the flexible energy management service

Calculate how much revenue your business can earn from flexible energy management

Select one or more devices to connect to the flexible energy management service:

3. Capacity and operating time of the device


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Estimated annual electricity consumption of the device:

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Estimated income per year:

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Why connect your device to our flexible energy management service?

Valuable solution does not require effort

Turn cost into revenue

Save up to 15% per year on electricity costs

Investment-free

We cover all costs related to the launch and maintenance of the service

Risk-free

Using the service is secure and under the control of your company

Innovative

Equipment is automatically controlled without disturbing its core processes

Our promise

With our flexible energy management service, the electrical equipment of your company will be managed by artificial intelligence. This means that you save time and money, use electricity wisely and contribute to protecting the environment with no risk and guaranteed help from experts.

  • With your help we'll achieve a breakthrough in cheaper and cleaner electricity, while you place your trust in us to manage your equipment intelligently, safely and cost-effectively using smart technology solutions.
  • We only manage your equipment when you allow us to
  • We use a proven and internationally certified Virtual Power Plant (VPP) platform
  • We guarantee the reliability and performance of the connection between the VPP and your business equipment
  • We ensure that your company does not have to invest, manage or configure anything by itself: everything is fully automated
  • We make sure that your equipment uses energy wisely, generating additional revenue for your business
  • Using this service allows your business to increase its use of renewable energy and helps reduce CO2 emissions

How to start using the service?

1

We identify the potential

We analyze the potential of your company's equipment to generate revenue for your company

2

We calculate the potential income

We calculate the potential revenue you earn by connecting your device to our Virtual Power Plant

3

You specify the usage criteria for the VPP

We agree on criteria and conditions for the use of the device to ensure smooth running of its processes at all times

4

We propose a solution

We propose a technical solution to start using the service

5

You earn income

We enter into a contract so you can start earning money without an extra effort and thus contribute to cleaner energy

Completed work

The Virtual Power Plant helps reduce the costs for Liwathon E.O.S.

„The Virtual Power Plant, as a new and innovative solution, makes the operation of the terminals more cost-effective, enabling the surplus energy that inevitably accompanies the technological process of the terminals to be sold back to the electricity market.“

Gert Tiivas, Chairman of the Management Board of Liwathon E.O.S.

Read more »

Smart mine pump room control allows to save 7% per year on energy costs

„Connecting the pumps of the mine to the flexible energy management service enables existing equipment to be operated in a smarter and more efficient way, thereby reducing the fixed costs related to production. The entire process is automated and does not require daily intervention by our employees, i.e. it is a good example of innovation where the use of a high-tech service is made 100% effortless for the customer.“

Andres Vainola, Chairman of the Management Board of Enefit Power

Read more »

Frequently asked questions

Flexible control of equipment allows more renewable energy to be used in the electricity system, thereby reducing the environmental impact of industrial companies. By connecting electrical equipment to intelligent flexibility solutions, we can meet all the short-term regulation needs of the energy system. In partnership with you, we will achieve a breakthrough in cheaper and cleaner electricity, while generating additional revenue for your business.

Flexible energy management allows you to earn additional revenue with your company's electricity-consuming or -generating equipment through a virtual power plant platform. The VPP participates in the balancing market with its connected equipment, where electricity prices are more favourable than the usual Nord Pool exchange price in many hours. This enables the owner of the device to earn additional revenue even if the usual electricity exchange price is monitored or energy consumption is otherwise optimized. It does not affect the amount of energy consumed or the company's processes.

We always make sure to come to an agreement on when and within what limits can the load on your company's electrical equipment be regulated. If necessary, you can always change these times and limits via our web portal. The main controller which monitors the operation of your equipment is in regular contact with the additional controller we have installed to check if activation orders have been received. If other workflow parameters allow this, your equipment controller will make changes based on the information received. Therefore, the activation order is not sent directly to your equipment. Before we launch the service, we carefully inspect the whole process to make sure it operates correctly on both sides. As electricity markets trade around the clock, the service is constantly monitored, and our experts will advise you if necessary.

Communication between your electrical equipment and the virtual power plant platform is done via a secure VPN channel. On-site communication with the equipment is done via a suitable industrial communication protocol (e.g. Modbus TCP). Our entire VPP solution complies with the ISO/IEC 27001:2017 information security standard.

Any kind of equipment which consumes or generates electricity is eligible for connection to a virtual power plant if the load on the equipment can be varied for up to an hour without disrupting the company's ordinary processes during that time. Depending on the equipment and the process, load shifting may mean switching the equipment off for a short period of time or shifting the load within predefined limits, e.g. using a frequency converter.

Get in touch and let's discuss your options together! We have experience with a wide variety of equipment. However, you know your company's operation better. Together we’ll find the best way to connect you to our virtual power plant and use the flexibility of your equipment to create additional value.

On average, there is a chance to make money in every third hour of every day of the week, whether it is peak hour, night or day. The virtual power plant allows us to participate in the balancing market, where price depends on the balance between the hourly production and consumption of electricity. For example, if the wind blows weaker than forecast, the share of wind power in the grid will fall below projected and there will be a shortage of electricity. As a result, additional electricity is needed on the grid in real time and the balancing market price exceeds the Nord Pool exchange price.

If our virtual power plant has bid into the market for this hour, the system operator (Augstsprieguma tīkls) will send an order to the VPP to reduce the electricity load for the consumption equipment or to increase the electricity load for the generation equipment.

The virtual power plant forwards this order to the equipment marked as available for that hour and their load is changed accordingly. In this way, the VPP rebalances the grid and the owners of the equipment earn revenue by contributing to this. Once the overall grid balance is restored, the equipment switches back to normal operation. If necessary, the same process is repeated in the next hour.

Your equipment must reach the specified power within 15 minutes of receiving the activation order.

Using the VPP Operator Portal, you can specify that your company's equipment will be unavailable for a certain period of time at any moment. The VPP platform automatically takes this into account when bidding on the market and sending activation orders to the equipment.

You do not need to be an Enefit electricity service customer to connect your business equipment to our flexible energy management service and use it to generate additional revenue.

Enefit is on an equal footing in the balancing market with any other company providing a similar service. Both Latvian and EU laws and regulations require that all market participants – independent energy traders (aggregators), electricity sellers and generators – must be able to operate on equal terms.

  • You turn your costs into revenue, saving up to 15% of your annual electricity costs.
  • The service requires no investment, as Enefit covers all the costs associated with setting up and maintaining the service.
  • The service is risk-free for your business, ensured by our use of reliable and secure technologies which have been successfully rolled out in multiple countries and markets.
  • You can easily get an overview of the energy consumption of the equipment connected to your virtual power plant and all transactions by visiting our VPP Operator Portal.
  • Enefit employs energy experts with years of experience and in-depth knowledge of the energy markets in Latvia and our neighbouring countries.
  • Our energy traders use a high-tech automated trading system to trade on the electricity markets, allowing us to price more accurately due to algorithms, and thus maximise revenue.
  • Enefit has a diverse trading portfolio consisting of different types of equipment, which means that we can be on the market most hours and be flexible until the last minute if the equipment of a customer needs to be withdrawn.