Flexitricity Limited Saves CO2 and Makes Your Business Money
Every thought about what happens to all your standby generators just sitting idle in your basement ? Want to make money from them and help the UK save CO2 ? Well a new company may be able to help you.
So many large businesses around the UK quite rightly have stand by generators at the ready to come into play if their main power fails to keep their company operational for IT systems or other key manufacturing plants. These are vital to most businesses but for many they just sit and do nothing because the energy supply is stable and dependable so most companies don’t use their back up generators at all.
So what if you could plug these into the national grid for others to use when there’s a national requirement for emergency power ?
Well now you can as a new company Flexitricity Limited based in Scotland can hook you up to the national grid and pay you if your generating power is utilised.
Why is this different and why does the national grid need these ?
The balancing of the requirement for electricity is a tricky business because it can not be stored and needs to be generated at the time of requirement. Having coal generators on standby is a costly business and CO2 emissions are always there even if the electric is not needed so this new method sees perhaps thousands of mini generators on standby and they get started if there’s a national or local requirement for immediate power.
Because local generators are in effect just sitting idle no CO2 is used just because they are there. And to be honest if there were just a few in this scheme they would not make any difference so having one company such as flexitricity combining many thousands of generators together and connecting them to the national grid this scheme really can make a difference.
The services on offer
There are two main and other services that flexitricity can offer your business as follows :
- short term operating reserve or STORfor short is the national grid’s short term key reserve pool – this is manages for securing the UK’s demand for electricity in real time and is manage from all the sources available. Most requirements from this system occur during standard peak hours of 7am to 10.30pm during the business day and evenings. This is the most popular and common type of contract with demand from your company running at around 60 minutes at any one time. Of course the agreement can be tailored but this has the largest incremental revenue with the lowest impact on generator run hours
- Triad management – is a system for triad charges typically during system peaks in the cold winter months during 4.30pm and 6.30pm and are not known in advance although can be forecast. A triad charge simply means electricity usage at peak times and the charges are passed onto the business by the energy supplier. Because these peaks occur there is a requirement for additional load from the national grid and your company can opt into the triad management scheme but would need to opt out of the STOR scheme
- There are of course other opportunities available not covered by the two options above
The flexitricity system is at the moment unique in the UK so if your business generates it’s own electricity from either new renewable sources (which have their own feed in tariffs in any case) or has stand by generators or CHP systems then this may be a method to unlock a new revenue stream.
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