Smartest Energy signs deal with Origami Energy for DSR

Smartest Energy is hoping to benefit from the demand-side response (DSR) market after signing a deal with Origami Energy to use its smart grid platform.

The “strategic partnership” will see the electricity supplier use Origami’s technology platform to manage its customers’ distributed energy assets to provide flexibility services to the grid and help companies cut their energy costs.

Robert Groves, chief executive of Smartest Energy, said: “As we transition to a smarter grid, successful companies will differentiate themselves by using their flexibility to reduce the cost of consuming electricity or to access additional revenue streams for generation assets.

“With the increasing market volatility caused by the transition from hydrocarbon to renewable generation, there is ‘real value’ for our customers who can consume or generate their electricity flexibly.”

Groves said the collaboration would help manage its customers’ portfolios flexibly and increase margins.

Peter Bance, chief executive at Origami Energy, added: “Using our powerful technology platform, Smartest Energy will be enabled to deliver more profitable customer propositions and unlock value for owners and operators of dispatchable generation, battery storage and flexible loads.”

Smartest Energy is the off-taker for more than 3GW of generation capacity in the UK and supplies around 8TWh of power to its commercial customers each year.

A study by the UK National Infrastructure Committee estimated a smart energy system using technology could save the UK economy around £8 billion per year by 2030, helping the UK achieve its carbon targets by 2050.

Good Energy, National Grid and C2C Rail has previously partnered with Origami Energy, the technology company’s platform offers providers flexibility while buying, selling or trading.