Electricity Market Design: An Integrated System Perspective is Needed to Fully Harness Flexibility
The undersigned organisations, representing multiple energy carriers and integrated energy solutions, welcome the focus put on flexibility in the review of the electricity market design. Indeed, a clear definition of flexibility and measures such as the flexibility needs assessments will be essential to harness both the flexibility potential of existing assets and the roll-out of new low-carbon flexible assets. Still, while demand response and electricity storage can contribute to a certain extent to address short-term flexibility needs, we need a range of non-fossil and low-carbon flexibility services to ensure the lowest cost and most optimal balancing of supply and demand over all timeframes.
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