• Corpus ID: 237431178

Characterization of flexible electricity in power and energy markets

  title={Characterization of flexible electricity in power and energy markets},
  author={G{\"u}ray Kara and Asgeir Tomasgard and Hossein Farahmand},
The authors provide a comprehensive overview of flexibility characterization along the dimensions of time, spatiality, resource, and risk in power systems. These dimensions are discussed in relation to flexibility assets, products, and services, as well as new and existing flexibility market designs. The authors argue that flexibility should be evaluated based on the dimensions under discussion. Flexibility products and services can increase the efficiency of power systems and markets if… 

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