Elia / : Elexide wins Elia Group’s third hackathon aimed at unlocking flexibility through real-time pricing
March 29, 2024 at 12:56 pm EDT
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29 March 2024
Elexide wins Elia Group's third hackathon aimed at unlocking flexibility through real-time pricing
Elia Group's third hackathon, which centred on unlocking flexibility through real-time pricing, brought together participants from various sectors and backgrounds to tackle one of the energy sector's most important challenges: the unlocking of consumer flexibility.
Innovative approaches are needed to face the challenges linked to the significant increase in renewable energy production and rise in electricity consumption due to the electrification of society. We need to work towards a more flexible electricity system in which the use of electricity is more evenly distributed throughout the day. To achieve this, we must be able to valorise consumer flexibility. Giving consumers and suppliers a clearer, more easily interpretable price signal is essential for this. This is the main objective of real-time pricing. The hackathon teams had a clear mission over the course of the three-day event: demonstrating the effects of remotely steering flexible assets, such as electric vehicles and heat pumps, through real-time prices. They were tasked with showing how the latter could impact both consumer bills and maintaining the balance of the electricity system. The judges were won over by Elexide's solution concerning the electric mobility.
From 26 to 28 March, a hundred participants made up of students and professionals from across Europe worked in teams to explore the role of real-time pricing in unlocking consumer flexibility from across the energy system
The 20 teams were challenged with focusing on either energy optimisation in households or office buildings, or presenting their own use cases for real-time pricing
After pitching their ideas to a panel of judges at the end of the third day, Elexide emerged as the winning team with their consumer-oriented solution for the companies automobile's fleet.
The members will now receive 1000 euros and the opportunity to continue his collaboration with Elia Group, helping to further the work on flexibility.
Press releases
Elexide wins Elia Group's third hackathon aimed at unlocking flexibility through real-time pricingPDF -212.89 KB
Elexide remporte le troisième hackathon d'Elia Group portant sur l'exploitation de la flexibilité grâce aux prix en temps réel (in French)PDF -253.32 KB
Elexide wint derde Elia Group hackathon rond het ontsluiten van flexibiliteit via real-time prijzen (in Dutch)PDF -246.52 KB
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Elia Group SA/NV is the Belgian transmission system operator, transmitting electricity efficiently, reliably and securely from producers to distribution system operators and major industrial users. The group is responsible for importing and exporting electricity from and to neighbouring countries.
Elia Group SA/NV owns the entire Belgian very high voltage grid (150 to 380 kV) and some 94% (ownership and user rights) of the Belgian high-voltage grid (30 to 70 kV). The grid is a key link between electricity markets in northern and southern Europe. It also links Belgian producers and consumers. Belgium's recent investment in interconnection capacity with its neighbours makes it one of the most open and interconnected grids in Europe.
Elia Group SA/NV has recently expanded its activities on a broader European level and, following its acquisition of the German TSO 50Hertz and in cooperation with Industry Funds Management (IFM), is now one of the top five transmission system operators in Europe.