Regulators and utilities should consider LEMs to help stabilize grids, increase flexibility to integrate more DERs, and reduce energy costs for customers and DER owners.
Boulder, Colorado., December 8, 2022 /PRNewswire/ — A new report from Guidehouse Insights reviews LEM capabilities and explores how local energy markets (LEMs) can be used to increase grid flexibility, facilitate DER integration, and increase investor ROI. describes the opportunity to support
LEM is a geographically constrained automated platform for trading electricity. The marketplace platform consists of physically proximate electricity consumers and producers (prosumers) who trade and consume locally produced energy from distributed energy resources (DERs) using existing distribution networks. will be
Increased use of battery energy storage systems will significantly reduce grid imports and exports. As a result, the storage significantly reduces the number of transactions between his LEM and the distribution grid, contributing to increased grid stability. According to a new report from Guidehouse Insights, LEMs may contribute to greater grid flexibility, help facilitate greater integration of DER into retail and wholesale markets, and eliminate or defer CAPEX for major system upgrades. , the ROI can be maximized by increasing the capacity of renewable resources. That network can be consolidated.
“LEMs optimize the efficient use of power distribution infrastructure and, when deployed strategically, can mitigate phase imbalance and voltage instability,” he said. Julia Benz, a research analyst at Guidehouse Insights. “Regulators and utilities should consider LEMs to help stabilize grids, increase flexibility to integrate more DERs, and reduce energy costs for customers and DER owners. We also need to ensure that the LEM allows peer-to-peer trading of demand response resources.”
Further integration of DER could pose significant challenges to grid stability and limit the number of renewable resources that distribution networks can safely interconnect. Guidehouse Insights recommends that aggregators support her LEM to deal with grid contingencies.
report, Regional energy markets can expand renewable energy deployments, stabilize grids and improve ROIIn this article, we review the capabilities of LEM and discuss the opportunities to use LEM to increase grid flexibility, facilitate DER consolidation, and enable investors to realize greater ROI. An executive summary of the report is available for free download from his website at Guidehouse Insights.
About Guidehouse Insights
Guidehouse Insights, Guidehouse’s specialized market intelligence division, provides research, data, and benchmarking services for today’s fast-changing and highly regulated industries. Our insights are based on an in-depth analysis of the global clean technology market. The team’s research methodology combines supply-side industry analysis, primary end-user research, and demand assessment, combined with an in-depth study of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. increase. Additional information about Guidehouse Insights is available at www.guidehouseinsights.com.
About the guide house
Guidehouse is a global provider of consulting services to the public sector and commercial markets, with extensive capabilities in management, technology and risk consulting. Our combined public and private sector expertise enables our clients to address their most complex challenges and navigate significant regulatory pressures with a focus on transformative change, business resilience and technology-driven innovation. I will support you. Across our range of advisory, consulting, outsourcing and digital services, we create scalable and innovative solutions that help our clients overcome complexity and position themselves for future growth and success. The company has over 15,000 professionals in his 55+ locations around the world. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technology, market and agenda-setting issues that drive national and global economies . For more information, please visit www.guidehouse.com.
*Information related to this report described in this press release is Regional energy markets can expand renewable energy deployments, stabilize grids and improve ROI, This is a summary and reflects Guidehouse Insights’ current expectations based on market data and trend analysis. Market forecasts and expectations are inherently uncertain and actual results may differ materially from those set forth in this press release or report. To fully understand the assumptions underlying the report’s conclusions and the methodology used to prepare it, please read the full report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update the information contained in this press release or report.
For more information, please contact:
Cecil Fradkin for guide house
View original content and download multimedia: https://www.prnewswire.com/news-releases/guidehouse-insights-explores-opportunities-for-local-energy-markets-to-expand-deployment-of- renewables-stabilize-the-grid-and-increase-roi-301695246.html
SOURCE Guide House Insights