FUSION: USEF-implementation in Scotland.
The UK Office of Gas and Electricity Markets and National Regulatory body Ofgem has approved funding for SP Energy Networks five-year innovation project, called FUSION, a submission under the 2017 Electricity Network Innovation Competition (NIC). FUSION plans to implement and trial a USEF-based local flexibility market, as an economic alternative to manage DSO network constraints. The project is set to deliver customer savings in excess of GBP 200 million, as well as reduce carbon emissions in Great Britain by more than 3 megatonnes.
FUSION’s open and structured flexibility market will operate as an electrical network management system which will reduce local network constraints and complement the UK’s balancing requirements within the existing regulatory framework. FUSION will build on, implement, and trial the USEF framework, and will inform wider policy development around flexibility markets through the development of standardised industry specifications, processes, and requirements for transparent information exchange between market participants accessing market-based demand-side flexibility.
Next to USEF Founding Partner DNV GL, other FUSION partners include Origami Energy, PassivSystems, Imperial College London, SAC Consulting, The University of St Andrews, Fife Council and Bright Green Hydrogen.