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As the EU shifts away from the traditional energy system and heads towards a decentralised, digitalised and decarbonised transition, new and smart solutions are required to manage the ever-increasing variable generation mix whilst maintaining affordability and security of supply. Demand-side flexibility (DSF), the ability of customers to change their consumption and generation patterns based on external signals, is a crucial element in achieving these goals.
To advance insights on what DSF can mean for the European power system, smartEn – Smart Energy Europe, commissioned an expert study from DNV to quantify the potential benefits of a full deployment of DSF in the EU by 2030. This DNV study intends to inform policy decisions on how to achieve a 55% GHG reduction by 2030 in a cost-efficient way for both the whole energy system and consumers.
The study - called ‘Demand-side flexibility in the EU: Quantification of benefits in 2030’ - sponsored by Eaton, Enel X, EDF, and Voltalis, aims to fill an important gap as no comprehensive assessment of DSF potential in the EU has ever been carried out up until now. It constitutes a powerful analysis of the scale of emissions reductions and cost savings that can be achieved if households and businesses on the demand side are enabled and encouraged to play a more active role in energy markets.
The following results were found in a scenario that unleashes the full activation of flexibility from buildings, electric vehicles, and industry. In the year 2030:
“This study shows how households and businesses on the demand side – those who have traditionally simply paid for energy - can save money, make money, and reduce pressure on the grid if they are encouraged to invest in technologies that allow them to access the benefits of flexibility.”
