INTERRFACE, which was launched in January 2019, is a pan-European development and innovation project for demonstrating flexibility technologies, which is largely financed by the European Union from the Horizon 2020 Programme.
Elering is one of the 42 project partners leading the development of the regional market platform for flexibility services and demonstration of the solution within scope of the INTERRFACE project.
The goal is to create regional solutions for involving consumption and production based flexibility for power markets.
A market platform for flexibility services that covers Finland, Latvia and Estonia will be developed first of all. Our vision is a market platform that can be developed further in the region as well as throughout Europe.
The term ‘flexibility market’ refers to a market framework and flexibility platform as a marketplace, which connects various flexibility products and makes it available to various electricity market stages. Access to a trading environment like this (market platform for flexibility services) must be easy for the end consumer as well as the market participants, who offer or want to buy flexibility market products.
The following diagram illustrates the flexibility platform:
For more information about the project, please see: http://www.interrface.eu/
The project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 824330.
Final project video: