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FIRMe: E-REDES formalizes contracts and previews new auction

The ceremony, which took place in Porto, formalized the signing of contracts with flexibility service providers.

The implementation of the FIRMe project, which seeks to sensitize market agents to adjust their consumption/generation profile, has affirmed E-REDES as a facilitator in this "flexibility market".

During the period in which the competitions for the 8 opportunities identified in the FIRMe project took place, potential flexibility service providers registered their assets and placed bids on their offers. In this way, and as recommended in the National Energy and Climate Plan 2030, E-REDES contributed to the objective of decarbonizing the electrical system.

The first auction, which attracted 21 service providers willing to offer this flexibility to the distribution network, surpassed the results of the first auctions carried out by other counterparts, thus demonstrating the potential of this new market in Portugal.

The initiative culminated in a ceremony to formalize the bilateral contracts between E-REDES and representatives of the entities selected according to the competition rules: Municipality of Bragança; BA Glass Portugal; Tratave - Ave Wastewater Treatment; BioSmart - Environmental Solutions; Vizelpas Flexible Films; Neiperhome; Elergone Energia, Endutex and Águas do Centro Litorial.

José Ferrari Careto, president of the Board of Directors of E-REDES, highlighted the relevance of the initiative for the energy transition, as well as the need for greater investment in infrastructure that supports increased consumption, emphasizing the importance of dynamic, adaptable networks and resilient, prepared to respond to the electrification of the economy.

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The involvement of multidisciplinary teams was essential to boost the project. In particular at the level of customer management, market platform, network planning and operation. This is a project that counts on everyone's contribution and that empowers network users to actively participate in the management of the distribution network. The awareness and involvement of the various market agents is crucial to creating a robust flexibility services market.

João Rafael, Project Manager

E-REDES is committed to enhancing this market, challenging partners and entities to provide these services. The launch of a second phase of local flexibility market auctions is now expected soon and will identify new use cases that can benefit from these offerings.

This initiative helps E-REDES to establish itself as a pioneer in Portugal in the energy flexibility market and get even closer to its sustainable objectives. A challenge that counts on everyone's contribution.

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