Published February 12, 2023 | Version v1
Conference paper Open

Demand Response Flexibility: Forecasts and Expectations for 2030 and 2050

  • 1. GECAD, LASI, Polytechnic of Porto

Description

The change in the electric grid is a well-known and addressed topic. To achieve the very ambitious goals to prevent climate crises and to increase the participation of renewable generation without decreasing the reliability and security of the power system, demand side flexibility and demand response presents themselves as effective solutions to increase the needed flexibility. However, it is also necessary to make forecasts about the future of the system, which is more difficult for smaller loads in times of intense changes. This work addresses forecasts techniques and the predictions and expectations for achieving the ne zero emission 2050 scenario with focus on the European market. Even though the scenario presents itself as very challenging, the efforts are being made and the rollout plans, in many European countries are advanced. Changes in policies will also need to take a faster pace in the next few decades.

 

Notes

This work has received funding from the EU Horizon 2020 research and innovation program under project TradeRES (grant agreement No 864276). The authors acknowledge the work facilities and equipment provided by GECAD research center (UIDB/00760/2020) to the project team. Pedro Faria received funding from FCT, CEECIND/01423/2021. 

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Additional details

Funding

European Commission
TradeRES - Tools for the Design and modelling of new markets and negotiation mechanisms for a ~100% Renewable European Power Systems 864276
Fundação para a Ciência e Tecnologia
UIDB/00760/2020 - Research Group on Intelligent Engineering and Computing for Advanced Innovation and Development UIDB/00760/2020