Innovation, New Market Designs and Flexibility Needs to Integrate Large-Scale Renewables

Storage technologies are emerging as a key solution that will provide flexibility. Digital technologies are emerging with new applications, supporting a faster response and increased flexibility to integrate higher shares of variable renewables. Further great potential for increased flexibility lies in the demand response, but the question remains as to how to unlock and properly value it. New market designs and regulations are needed to incentivize flexibility from all assets. This session will provide examples of emerging innovative solutions to enable a large share of renewables to be integrated into power systems, and include a debate around the market design and regulatory innovations needed to scale up such solutions.

Innovation, New Market Designs and Flexibility Needs to Integrate Large-Scale Renewables

Storage technologies are emerging as a key solution that will provide flexibility. Digital technologies are emerging with new applications, supporting a faster response and increased flexibility to integrate higher shares of variable renewables. Further great potential for increased flexibility lies in the demand response, but the question remains as to how to unlock and properly value it. New market designs and regulations are needed to incentivize flexibility from all assets. This session will provide examples of emerging innovative solutions to enable a large share of renewables to be integrated into power systems, and include a debate around the market design and regulatory innovations needed to scale up such solutions.