This is a briefing and input event for members only.
Ofgem is seeking views on delivering common Flexibility Market Asset Registration as the first step in achieving the overall Flexibility Digital Infrastructure vision.
Background
The Flexibility Digital Infrastructure (FDI) policy aims to maximise the participation of distributed assets in flexibility markets, by addressing market barriers through coordinated digital infrastructure across markets.
Identified market failures:
- Lack of transparent information
- Lack of coordinated access and operations
- Lack of trusted governance
Ofgem has identified a range of potential FDI outcomes and their underpinning enablers that stakeholders want. Flexibility Market Asset Registration and underpinning enablers have been singled out as a priority first step for policy intervention.
In the call for input, the proposal is for the Flexibility Digital Infrastructure (FDI) to facilitate information provision, coordination of market access and operations, and trusted governance.
Proposals
FDI intervention should focus on the delivery of common registration of assets (Flexibility Market Asset Registration).
Flexibility Market Asset Registration will require delivery of underpinning enablers and digital infrastructure.
- Underpinning enablers.
- alignment of ESO and DSO processes – Market Facilitator.
- Digital infrastructure – for collection/storage/access of asset data.
- design work by Working Groups led by Market Facilitator.
- delivery by Delivery Body selected by Ofgem.
- Aligned with the DSI and Consumer Consent framework.
- longer-term alignment with general Asset Visibility policy
- Digital infrastructure should be deployed between 2025 – 2028.
The digital infrastructure should focus initially on ESO markets (all ancillary and balancing services, including the Balancing Mechanism) and DSO markets (the five standard flexibility products).
The deadline for consultation responses is 23rd September 2024. The full consultation document can be found here.
This session will inform a techUK submission to this consultation.
Teodora Kaneva
Teodora Kaneva
Teodora’s rich background varies from working in business development for a renewable energy lobbying association in Brussels to the fast moving technology innovation startup scene in the UK.
She has designed the market strategy for a German renewable energy engineering scale up for the UK, listed on Nasdaq private market, and now one of the fastest growing scale ups in the world. Previous experience also includes managing a renewable energy startup in London, which has built a small-scale biomass CHP power plant. Teodora is passionate about cross-industry collaboration and working together with academia to inform the design of future educational models and skill building.
Most recently Teodora has ran the commercial activities and business development at Future Cities Catapult, focusing on innovation in cities, digital health and wellbeing, mobility, and infrastructure. Teodora is a passionate STEM Ambassador and a vocal advocate for women in tech.
- Email:
- [email protected]
- Phone:
- 020 7331 2016
- Twitter:
- @Teodora_K
- Website:
- www.techuk.org
- LinkedIn:
- https://uk.linkedin.com/in/teodora-k-2969b021
