Need for Flexibility and Potential Solutions

With an increasing penetration of variable renewables in the EU in recent years, the flexibility of its power system is of critical importance. In this chapter, we first assess flexibility considerations in the past, prior to market liberalization. We then analyze the impact of increasing penetration of renewables on flexibility requirements. Further, we identify existing options to provide this flexibility. Finally, we use model-based analysis, we quantitatively assess potential solutions to deploying temporary production and storage. Business models and potential evolutions of the legislative framework associated with the different solutions are also proposed.