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.
- Amy Mount, Emily Coats, Dustin Benton
- Publication Date:
- 5 October, 2016
- Low Carbon Energy