New analysis on the role of demand flexibility in the EU and UK energy system

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Today, Ea Energy Analyses has published a new report titled “Value of Demand Flexibility in the European Power Sector”.

The report is the result of an analysis carried out for Danfoss, who is actively engaged in assessing the role of demand-side flexibility within the forthcoming EU and UK energy system. Against this backdrop, Ea Energy Analyses has prepared the long-term analysis spanning the milestone years of 2025, 2030, and 2050, in scenarios that all comply with the EU’s objective of becoming climate neutral by 2050.

For the scenario with the highest level of flexibility, the study finds that there is a socio-economic benefit of €15.5 billion annually by the year 2050, a substantial reduction in consumer costs, amounting to approximately €26 billion annually by 2050, and a decrease in the average consumer power prices from €61/MWh to €55/MWh.

Read more in the full report, which can be downloaded here. See the full Danfoss whitepaper on Energy Efficiency 2.0 here.