Huber, R. (2016). Evaluation of the integration of demand side flexibility into energy contracting services [Master Thesis, Technische Universität Wien]. reposiTUm. https://doi.org/10.34726/hss.2016.40923
Energy Contracting Services; Energy Efficiency; Demand Side Flexiblity; Demand Response
en
Abstract:
The aim of this Master Thesis is to analyse a business model for ENGIE Energie in order to support the newly founded company to position itself as an integrated energy service provider on the Austrian energy market. Therefore the energy contracting business and the participation in power markets by providing available flexibility shall be integrated. This paper describes the different concepts of energy contracting services and assesses the energy savings potential of such projects, outlines the risks and describes different financing options, as important success factors for energy efficiency projects. In a next step the concept of Demand Side Flexibility will be introduced, categorizing the different market segments and explaining the positive effects it has for the different stakeholders and the energy system as a whole. The integration of both concepts will be analysed on the basis of a case study for a Viennese office building. In addition to the energy savings achieved with an energy contracting project for refrigeration system, the available flexibility of this system shall be used to offer load frequency control. The findings show that a participation on the balancing market with this refrigeration system would have been economic viable for 2014 and 2015 and could have improved the savings potential of the energy contracting business. Due to a more efficient market functioning and an increasing number of participants in the market the revenue potential for 2016 and onwards is limited. A detailed analysis on a case by case still is recommendable for ENGIE Energie.