Advancing Grid Reliability and Efficiency
We are Litgrid – the Lithuanian electricity transmission system operator (TSO), responsible for maintaining a reliable and secure operation of the high-voltage transmission grid. Our expertise lies not only in ensuring a steady flow of electricity from generators to distribution networks, but also in offering innovative electricity market products and services. These services support the overall functioning of the energy and system service markets and help maintain grid reliability.
Traditionally, expanding the electricity transmission network involved building stronger lines and larger, more robust substations. However, with the advent of distributed generation, it has become evident that these standard methods can’t keep pace with the ever-increasing demand. Today’s technology offers new solutions that utilize existing infrastructure – allowing us to meet the demand, while reducing environmental footprint.
Unveiling the Vision of a Virtual Electricity Transmission Grid
A virtual electricity transmission grid would significantly ease grid congestions by optimizing the generation and transmission of electricity from various energy resources. This could be achieved by controlling and dispatching a mix of energy resources dynamically, implementing demand response programs, using energy storage devices, and applying predictive analytics. But the success of this vision hinges on understanding its economic viability: What are the economic incentives for transitioning to a virtual grid? Who stands to benefit, and how? As a TSO, what role do we play in this transformative journey? And crucially, how will this shift affect our CO2 footprint and contribute to sustainable energy practices? By participating in this challenge, you will gain an in-depth knowledge of the future power system operation. We invite you to prepare a virtual grid concept document that highlights the technical, operational and control requirements, as well as the economic drivers that could push this service-based market product into reality. This is more than a challenge, it's an opportunity to be at the forefront of an energy revolution, shaping a sustainable and efficient future.
