The potential of price-driven flexible electricity demand and its effect on the electricity price in the Netherlands

Renewable energy sources like wind and solar, are intermittent, which means demand will not always match supply causing volatile and sometimes even negative electricity prices. For power companies it will be valuable to invest in technologies that can respond to those prices, which will result in an increasing flexibility of demand. However, to...

A Price-Dynamic Model of Flexibility in the Electricity Market of the Future

To match supply from intermittent renewable energy sources (RES) with demand, it is proposed in literature to introduce flexibility in the electricity market of the future. Flexibility can be provided by energy storage, demand response and cross-border transmission. In this thesis flexibility is modeled explicitly through the price mechanism of...