Renewable Revolution: A Review of Strategic Flexibility in Future Power Systems

Sulman Shahzad () and Elżbieta Jasińska
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Sulman Shahzad: National Transmission and Desptach Company Limited, Lahore 54000, Pakistan
Elżbieta Jasińska: Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland

Sustainability, 2024, vol. 16, issue 13, 1-24

Abstract: The global shift toward integrating renewable energy sources, such as solar and wind power, is revolutionizing the energy landscape, presenting both opportunities and challenges for power system operations. This paper delves into the critical concept of power system flexibility, emphasizing the importance of maintaining reliable service amidst unpredictable fluctuations in supply and demand. Given the intermittent nature of renewable energy, this paper explores key aspects of flexibility, including generation, demand-side, and grid flexibility, and their roles in sustaining grid stability. Various strategies to enhance flexibility in future power networks are examined, such as advanced energy storage technologies, demand response programs, grid expansion and interconnection, sophisticated forecasting methods, and adaptive power generation. Additionally, this paper underscores the pivotal role of market and regulatory reforms in facilitating the integration of renewable energy sources and enhancing grid adaptability. By analyzing the benefits, limitations, and future prospects of each strategy, this work provides a comprehensive overview of the evolving energy sector. It highlights the necessity of aligning regulatory frameworks with sustainability and climate goals to navigate the complexities of this transition effectively.

Keywords: flexibility; renewable energy; demand response; grid planning; forecasting; energy storage (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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