solution Use Case
Capitalizing on market fluctuations
The DataMiner platform is pivotal in leveraging real-time data for strategic energy management, revolutionizing the approach of businesses towards the dynamic electricity market. On March 26, organizations had the opportunity to significantly reduce their electricity costs, capitalizing on an unexpected peak in imbalance prices that offered savings nearly ten times higher than their average expenditure. In this use case, we illustrate how DataMiner grants the capability to act swiftly and strategically in response to market dynamics, highlighting DataMiner as an essential tool for modern, data-driven businesses.
USE CASE DETAILS
During a specific period, consuming 1 MWh of electricity would have netted an organization € 999, in stark contrast to the average cost of € 123 per MWh.By combining on-balance data with day-ahead price trends, it becomes evident that unexpected market spikes were not foreseen. This is a common occurrence, underscoring the critical need for organizations to be able to swiftly analyze and connect this data, enabling them to respond strategically and without delay. Such agility allows businesses to seize opportunities without interrupting their services.
This graph clearly illustrates the aforementioned situation, emphasizing the importance of proactive energy management and the potential benefits of adaptable business operations.
The DataMiner platform is indispensable in this narrative, enabling businesses to rapidly adapt to market conditions via automated orchestration or manual interventions. Organizations can leverage favorable market conditions without service disruptions by adjusting operations, such as temperature settings or charging schedules. Beyond basic energy management, DataMiner is a comprehensive digital transformation platform overseeing, orchestrating, and reporting across all business flows. Providing actionable insights, DataMiner ensures operational efficiency and profitability amid an unpredictable energy landscape.