Organizing flexibility: How to adapt market design to the growing demand for flexibility

Organizing flexibility: How to adapt market design to the growing demand for flexibility

The increase in variable renewable energy sources for power generation is creating a demand for more flexibility in the other parts of the value chain: networks, consumption and potentially storage facilities. Interfaces with other infrastructures may also provide flexibility. Implementation of thes...

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Bibliographic Details
Published in:2015 12th International Conference on the European Energy Market (EEM) pp. 1 - 5
Main Authors: de Vries, Laurens J., Verzijlbergh, Remco
Format: Conference Proceeding Journal Article
Language:English
Published: IEEE 01-05-2015
Subjects:
Demand
Electricity
Europe
Flexibility
Heat pumps
Infrastructure
Investment
Load management
market design
Markets
Networks
Organizing
Power systems
regulation
renewable energy
Renewable energy sources
Resistance heating
Storage facilities
Systems integration
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Summary:The increase in variable renewable energy sources for power generation is creating a demand for more flexibility in the other parts of the value chain: networks, consumption and potentially storage facilities. Interfaces with other infrastructures may also provide flexibility. Implementation of these options for flexibility requires a more integrated approach to the regulation of the power sector (and therefore also to its analysis). We explore the dimensions along which system integration is required: geography, infrastructure, interfaces with other energy carriers and time scales.
Bibliography:ObjectType-Article-2
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SourceType-Conference Papers & Proceedings-2
ISSN:2165-4077
2165-4093
DOI:10.1109/EEM.2015.7216737