This project aims to develop methods and tools to accurately quantify and harness the value of various options for flexibility provision. It will consider a multitude of flexibility sources, including demand, storage, and network assets, and co-ordinate flexibility provision through aggregators from Microgrids, Virtual Power Plants (VPPs), and Peer-to-Peer Energy Trading (P2P).
Modelling and analysis will be conducted to quantify dynamic interactions among flexibility sources, utilising our state-of-the-art tools to model heat pumps, electric vehicles, district heating systems, VPPs, and P2P, providing services to both local and national flexibility markets. Real electrical and topological data collected from the GB power networks will be used by the Statistically Similar Network Model, to assess the whole system impacts, considering different types of flexibility provision.
Technical solutions, policy instruments, market arrangements and business models will be investigated to harness the value of coordinated flexibility provision and unlock the full potential of flexibility. The work will be codeveloped with the Delivering Energy System Infrastructure research on the spatial characteristics of infrastructure, Theme 3 on resilience, the energy markets lab on market design and link to the work on interconnectors in our Affordability, Justice and Economic Impacts Theme.