Value of demand flexibility on spot and reserve electricity markets in future power system with increased shares of variable renewable energy

Aleksandra Roos and Torjus Folsland Bolkesjø

Energy, 2018, vol. 144, issue C, 207-217

Abstract: The growing share of variable renewable energy (VRE) generation and the reduction in conventional power plant capacity creates challenges for power system operation. Increased variability of production causes increased reserve requirements while the number of reserve providers is reduced. For this reasons, power systems' flexibility is a major topic of research nowadays, and electricity demand is considered one of the most valuable flexibility sources.

Keywords: Demand flexibility; Renewable energy; Electricity markets; Power system operation; List of symbols (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:144:y:2018:i:c:p:207-217

DOI: 10.1016/j.energy.2017.11.146

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