UK demand response provider Flexitricity has been awarded participation within a framework agreement that will benefit public sector organisations who wish to generate new revenue from existing electricity generating or consuming equipment.
Public sector organisations, who work within the parameters of this new Framework Agreement, can now gain access to benchmarked pre-authorised demand-side response services; this will provide them the capabilities to either curtail their consumption of electricity or utilise their on-site generation capabilities in response to the demands of national and local grid systems.
National Grid and the distribution network operators (DNOs) remunerate Flexitricity to hold reserve. In addition, further payments are made when this reserve is accessed.
Flexitricity shares these payments with participating energy partners which can reach £100,000 ($157,000) per annum on a medium-sized site.