Smart investment: valuing flexibility in the UK electricity market

Smart investment: valuing flexibility in the UK electricity market


The electricity system is kept going, and our lights are kept on, by a continuous balancing act. Maintaining the security of this system depends on two conditions: resource adequacy and flexibility adequacy.
 
Resource adequacy has tended to be the dominant security concern; however the structural shift to variable renewables is making flexibility adequacy a more pressing question.

Analysis by Green Alliance suggests that the government’s current strategy hinders investment in flexibility. The report outlines a smarter strategy, which prioritises the flexibility needed to balance the power system in the future.
 
Author(s):
Amy Mount, Emily Coats, Dustin Benton
Publication Date:
5 October, 2016
ISBN:
978978-1-909980-72-3
Cost:
Free
Theme:
Low Carbon Energy

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