Energy Flexibility Potential of Industrial Processes in the Regulating Power Market

Demand response is generally considered necessary for efficiently upholding grid balance with the increased intermittent production from renewable energy sources. Demand response is acknowledged to enhance the use of more renewable energy friendly technologies, such as heat pumps, electric vehicles, and electric heating in replacement of conventional technologies. To enable the use of demand response, the consumers must have economical and practical incentives without loss of convenience. This study aims to investigate the demand-response market potential of a flexible industrial process in the current electricity market structure. The Danish West regulating power market is selected in this study with an ideal process simulation of an industrial roller press. By analysing market data, the value of flexible electricity consumption by the roller press in the regulating power market is demonstrated by an ideal process simulation.