Public Power Corporation participates in the METEN research project on dynamic electricity pricing

Public Power Corporation is participating successful a probe task aimed astatine processing and piloting an innovative strategy for dynamic energy pricing for household consumers. This strategy volition let energy prices to set based connected demand, accumulation costs, and depletion profiles. The task is called METEN – “Transforming Energy Pricing: From a Fixed to a Dynamic Approach” – and is being implemented במסגרת the National Recovery and Resilience Plan “Greece 2.0,” funded by the European Union’s NextGenerationEU program.

Within the model of the project, optimization models and instrumentality learning techniques person been developed and are continuously evolving to analyse depletion information and enactment dynamic energy pricing. At the aforesaid time, the installation of astute meters successful households is planned, on with real-time information postulation and analysis, and the improvement of an interactive integer level that volition let users to show and negociate their vigor depletion effectively.

According to the announcement:

The Public Power Corporation plays an progressive relation successful identifying the needs and challenges related to dynamic energy pricing. In this context, it designed and conducted qualitative probe involving interviews with vigor assemblage experts, helping to item cardinal issues specified arsenic the request for a wide regulatory framework, the technological requirements for implementation, and the value of user consciousness and trust.

Additionally, DEI is liable for selecting the illustration of residential consumers who volition enactment successful the aviator phase, arsenic good arsenic designing the inducement mechanics to promote their progressive participation. It besides coordinates the aviator signifier of the project, including the installation of astute meters, subordinate engagement, and operational monitoring of the trial.

Through its information successful the METEN project, Public Power Corporation strengthens its relation arsenic a starring supplier successful dynamic energy pricing, portion contributing to the improvement of caller expertise successful areas specified arsenic information analysis, knowing user behavior, and creating flexible pricing products. This inaugural is portion of DEI Group’s broader strategy to leverage integer technologies and innovative vigor solutions arsenic it transforms into a modern “Powertech” group.

The task is implemented by a consortium including Athens University of Economics and Business, the Public Power Corporation, International Hellenic University, University of West Attica, and Meazon S.A..