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.
|Title of host publication||Future of Utilities Utilities of the Future : How Technological Innovations in Distributed Energy Resources Will Reshape the Electric Power Sector|
|Number of pages||20|
|Publication status||Published - 2016|