Demand Response Flexibility: Forecasts and Expectations for 2030 and 2050
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
Files
DEMANDRESPONSEFLEXIBILITY.pdf
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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