DE-RISK

Summary

The Local Flexibility Markets (LFMs) refer to a market mechanism that enables the trading and procurement of flexibility services within a localised energy system. LFMs set their ground on the optimal utilization of the distributed energy resources (such as solar panels, storage batteries, electric vehicles and more). DE-RISK is an EU-funded project that focuses on de-risking the adoption of LFMs which heavily contributes to the market uptake of the renewable energy. DE-RISK approaches LFMs from different perspectives in order to highlight opportunities or limitations that may arise throughout the implementation process. Customer behavior in relation to LFMs is researched through a ‘consumer journey’ actively involving end-users. A variety of flexibility real-life scenarios are tested and examined in actual energy communities with the usage of state-of-the-art energy platforms. Lastly, an extensive desk research is performed on legislative frameworks governing the energy market across different countries (Greece, Spain, Turkiye, Bulgaria, Portugal, Ireland). This research aims to capture the existing frame and deliver regulatory recommendations towards a fair, clear and transparent adoption of the LFMs.

Our role

Que Technologies plays a pivotal role as the technical partner in the project entrusted with the task of delivering the DE-RISKS Digital Twins Platform. The platform is equipped with the necessary tools that materialise the interaction with the end-users in the context of demand-response schemes. QUE further orchestrates the data collection process from the pilot cases by defining data requirements and identifying information gaps. Additionally, it provides the essential infrastructure required to maintain the project’s repository that collects the acquired data from the project’s demonstration buildings. However, QUE's involvement extends beyond its technical responsibilities. It actively contributes to all aspects of the project such as the definition of applied business models, the investigation on end-user awareness and behavior regarding the LFMs and the identification of local legislative frameworks governing energy markets and communities.