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Title: Grid flexibility: The quiet revolution

Abstract

The concept of flexibility describes the capability of the power system to maintain balance between generation and load under uncertainty. While the grid has historically incorporated flexibility-specific resources such as pumped hydro to complement nuclear generators, modern trends and the increased deployment of variable energy resources (VERs) are increasing the need for a transparent market value of flexibility. A review of analyses, docket filings, tariffs, and business practice manuals from the past several years finds substantial flexibility-related activity. These activities are categorized as market and financial structures; incorporation of new operations or technology; and legal or procedural reforms. The cumulative outcome of these incremental changes will be a major transformation to power systems that can rapidly adapt to new needs, technologies, and conditions.

Authors:
 [1];  [2]
  1. USDOE Washington, DC (United States). Energy Policy and Systems Analysis Office
  2. Millennium Challenge Corporation (United States)
Publication Date:
Research Org.:
USDOE Office of Policy and International Affairs (PO) (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1352338
Resource Type:
Accepted Manuscript
Journal Name:
Electricity Journal
Additional Journal Information:
Journal Volume: 30; Journal Issue: 2; Journal ID: ISSN 1040-6190
Publisher:
Elsevier
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; Flexibility; Storage; Demand response; Electricity markets; Power systems operations

Citation Formats

Hsieh, Eric, and Anderson, Robert. Grid flexibility: The quiet revolution. United States: N. p., 2017. Web. doi:10.1016/j.tej.2017.01.009.
Hsieh, Eric, & Anderson, Robert. Grid flexibility: The quiet revolution. United States. doi:10.1016/j.tej.2017.01.009.
Hsieh, Eric, and Anderson, Robert. Thu . "Grid flexibility: The quiet revolution". United States. doi:10.1016/j.tej.2017.01.009. https://www.osti.gov/servlets/purl/1352338.
@article{osti_1352338,
title = {Grid flexibility: The quiet revolution},
author = {Hsieh, Eric and Anderson, Robert},
abstractNote = {The concept of flexibility describes the capability of the power system to maintain balance between generation and load under uncertainty. While the grid has historically incorporated flexibility-specific resources such as pumped hydro to complement nuclear generators, modern trends and the increased deployment of variable energy resources (VERs) are increasing the need for a transparent market value of flexibility. A review of analyses, docket filings, tariffs, and business practice manuals from the past several years finds substantial flexibility-related activity. These activities are categorized as market and financial structures; incorporation of new operations or technology; and legal or procedural reforms. The cumulative outcome of these incremental changes will be a major transformation to power systems that can rapidly adapt to new needs, technologies, and conditions.},
doi = {10.1016/j.tej.2017.01.009},
journal = {Electricity Journal},
number = 2,
volume = 30,
place = {United States},
year = {2017},
month = {2}
}

Journal Article:
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