Business Models for Power System Flexibility: New Actors, New Roles, New Rules

Luis Boscan, Rahmatallah Poudineh

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

Abstract

As intermittent, renewable resources gain more share in the generation mix, the need for power system flexibility increases more than ever. Parallel to this, technological change and the emergence of new players bringing about innovative solutions are boosting the development of flexibility-enabling business models, adding new activities to the existing supply chain. Ranging from technological to market-based innovation, this chapter reviews the latest developments in these emerging models. The main conclusion is that when flexibility becomes scarce in the system, new players with their innovative business models will play an important role in ensuring sufficiency and efficiency of flexibility services.
Original languageEnglish
Title of host publicationFuture of Utilities - Utilities of the Future : How Technological Innovations in Distributed Energy Resources Will Reshape the Electric Power Sector
EditorsFereidoon P. Sioshansi
Number of pages20
Place of PublicationAmsterdam
PublisherAcademic Press
Publication date2016
Pages363-382
Chapter19
ISBN (Print)9780128042496
ISBN (Electronic)9780128043202
DOIs
Publication statusPublished - 2016

Keywords

  • Power system flexibility
  • Business models
  • Market design
  • Contract design
  • Technological innovation

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