13/12/2023

In the pursuit of cost minimization, OPENTUNITY is at the forefront of revolutionizing the energy landscape by optimizing the scheduling of flexible demand for consumers and energy communities. Our focus encompasses crucial elements such as HVACs (heating, ventilation, and air conditioning), domestic hot water (DHW) devices, electric vehicles (EVs), and energy storage systems.

Our partner Hypertech a key player in this venture, is actively developing a Mixed-Integer Linear Programming (MILP) model to achieve optimal results in flexible demand optimization. The essence of this approach lies in the strategic time shifting of loads, leveraging baseline profiles provided for each asset. This strategy proves to be pivotal in achieving lower customer bills, especially when coupled with a variable price profile available to consumers.

To illustrate the tangible benefits of our methodology, consider the following example involving two households equipped with two DHW devices and an HVAC system. Through our approach, the demand is intelligently shifted to time steps when electricity prices are lower. The outcome? A substantial cost reduction of 12.5%, showcasing the efficiency and practicality of OPENTUNITY’s commitment to cost-effective energy solutions.