As the renewables transition continues apace, flexibility will become increasingly important. Policymakers and investors will need to watch carefully how flexibility is paid for.
How a Cold Day in Texas Exposed the Value of Grid Flexibility
Daily Archives: April 24, 2017
Trending Topics – How a Cold March Day in Texas Exposed the Value of Flexibility, and What Markets Can Learn
As the need for flexible resources grows, there will be an increasing number of “bellwether events.” Resource developers are likely to respond by building new resources that can capture this value on the spot market and through bilateral contracts with utilities. However, not all markets are structured to reward flexibility in the same way as in energy-only markets.