Value for Flexibility

The aim of this project is to research and develop new cost-effective and sustainable solutions to increase the flexibility of the energy system. The solutions to be examined include new elements and product structures of wholesale and reserve markets. These elements will promote demand-side resource participation in the flexibility market in national marketplaces, as well as local flexibility markets, which distribution system operators can also utilize. Furthermore, new kinds of service and business models to improve customer flexibility and fair costs and risks sharing will be studied. Both industrial-scale processes (process industries and large heat pumps) and smaller resources (SMEs and households) are considered as flexibility resources. In the case of flexibility resources, solutions for modelling and verifying flexibility are being developed.

Goals

As the key results, project will deliver new scientifically proven solutions (simulations and case analyses), which can improve the availability, accessibility and sustainability of electrical energy for all electricity users and electricity market participants when they are implemented in practice. The results of the project will play an important role in building an electricity market environment that enables investments in the green transition and cost-effective, sustainable, and reliable operation of the system during and after the energy transition.