Load shifting with coneva Flex
Cut energy costs with flexibility marketing
The price of electricity on the power exchanges varies daily, but most customers always pay the same price. With the coneva Flex technology solution, you can leverage this untapped potential and enter flexibility marketing to reduce your overall energy costs or those of your customers. This is because intelligent and automated load shifting - that is, shifting the time at which electricity is consumed - is often all that is needed to take advantage of variable electricity prices. In this way, charging park operators can reduce their electricity procurement costs with time-of-use (ToU) tariffs, energy suppliers can offer their customers variable energy tariffs, or companies can leverage their flexibility potential via intelligent energy management.
Use advantages of flexibility marketing
Thanks to intelligent control via an algorithm, coneva Flex shifts the flexible portions of energy consumption to the cheapest hours of the day.
Reduce energy costs
This flexibility marketing ideally lowers the average energy price customers pay for energy by up to 30 percent.
Simply let run
Consideration of individual restrictions ensures that user comfort and operational processes are not impaired.
How does flexibility marketing with coneva work?
The optimization of energy procurement costs takes place in two steps. First, we connect the relevant plants to our technology platform coneva core and install suitable measurement and control technology. Then we determine the flexibility potential under the given restrictions - such as the forecast power consumption, the required base load, or the availability of controllable consumption units and own power generators. Subsequently, coneva Flex creates a continuously algorithmically updated schedule for price-optimized power consumption. The electricity supplier reads this consumption schedule via an automated interface to purchase the required quantities of electricity. In the end, coneva Flex executes the optimized consumption schedules fully automatically, so there is no additional effort on the customer side.
Process of load shifting with coneva Flex
- Inventory of controllable consumption units
- Networking of controllable consumers via measurement and control technology, such as coneva SmartBox, Smart Meter Gateways or APIs
- Creation of forecasts of energy demand and own energy production
- Storage of technical and operational restrictions as well as grid connection capacity
- Import of current exchange electricity prices and algorithmic creation of a price-optimized schedule
- Transmission of the schedule to the supplier and control of power consumption
- Optimized power purchase with lower total costs
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