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Power system flexibility, the ability to respond quickly to changes in electricity supply and demand, is key to energy transformation. Policy makers and industry leaders around the world are fully aware of the importance of flexibility, but the pertinent questions are how flexibility can be implemented and which decision makers should be involved, according to IEA’s article, The who and how of power system flexibility.
Taking the appropriate action to deploy power system flexibility will require each country to identify when policy makers can intervene to facilitate the transition. These changes can be categorised into three high-level measures:
It is equally important to identify when and how other stakeholders, such as regulatory agencies, system operators and electric utilities, need to be engaged in the process of implementing power system flexibility. Accelerating the energy transition for increasingly complex and decentralised power systems will require a deeper conversation with stakeholders to get an idea of what is possible.