Print Email Facebook Twitter Market Signals as Adequacy Indicators for Future Flexible Power Systems Title Market Signals as Adequacy Indicators for Future Flexible Power Systems Author De Vries, Laurens (TU Delft Energy & Industry) Sanchez Jimenez, I.J. (TU Delft Energy & Industry) Date 2022 Abstract Existing indicators of electricity system adequacy need to be supplemented with economic performance indicators. As power systems are decarbonized, energy storage technologies are being developed and demand is becoming more flexible. Reliability standards need to reflect the price elasticity of these sources of flexibility. During scarcity situations, this increased demand flexibility may prevent outages, but still lead to high electricity prices. If the average electricity price is well above the average cost of power supply, this can be an indication that the system is not adequate, even if the outage rate does not exceed the current reliability standards. Subject electricity marketsrenewable energyadequacy assessmentsystem adequacyOA-Fund TU Delft To reference this document use: http://resolver.tudelft.nl/uuid:227464b0-b54d-4397-8283-a48938d1ce1f DOI https://doi.org/10.1093/ooenergy/oiab007 ISSN 2752-5082 Source Oxford Open Energy, 1 Part of collection Institutional Repository Document type journal article Rights © 2022 Laurens De Vries, I.J. Sanchez Jimenez Files PDF oiab007.pdf 314.04 KB Close viewer /islandora/object/uuid:227464b0-b54d-4397-8283-a48938d1ce1f/datastream/OBJ/view