Flexibility exchange demonstration projects: FleX competition
This competition is looking for innovative and replicable flexibility exchange solutions which provide marketplaces for multiple flexibility products, offered by multiple providers (sellers) of flexibility to multiple buyers.
The flexibility to be traded could be provided by domestic or business consumers from a range of sources, including:
- energy storage
- demand-side response (DSR) and demand reduction; or
Up to £4 million will be available, from 2019 to 2021. The competition is expected to support up to 3 demonstration exchange projects to be operational by March 2021 with final trials and reporting to be completed by December 2021.