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cost-effective management of variability and uncertainty in both supply and demand. A lack of system flexibility can reduce … shift in the way power systems are best planned and operated. In particular, they call for increased flexibility of power … systems. Power system flexibility encompasses all relevant characteristics of a power system that facilitates the reliable and …
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This report looks at how investors have responded to the need to internalise investment risk in power generation and how these responses have affected the organisation of the power sector and technology choices. This study looks at several cases of volatile prices in IEA countries’ electricity...
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To meet future energy demand growth and replace older or inefficient units, a large number of fossil fuel-fired plants will need to bebuilt worldwide in the next decade. Yet CO2 emissions from fossil-fired power generation are a major contributor to climate change. As a result, new plants must...
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