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Title: Grid flexibility: The quiet revolution

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:
Type:
Accepted Manuscript
Journal Name:
Electricity Journal
Additional Journal Information:
Journal Volume: 30; Journal Issue: 2; Journal ID: ISSN 1040-6190
Publisher:
Elsevier
Research Org:
USDOE Office of Policy and International Affairs (PO) (United States)
Sponsoring Org:
USDOE
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; Flexibility; Storage; Demand response; Electricity markets; Power systems operations
OSTI Identifier:
1352338