An Integrated Paradigm for the Management of Delivery Risk in Electricity Markets: From Batteries to Insurance and Beyond
This presentation discusses the objectives to quantify flexibility from distributed energy resources (DERs) through DER risk scores, increase the number of hedging options for resources with uncertain output by tapping system-wide resources through a system-wide flexibility auction, and create transparent flexibility prices ahead of time, alleviating the need for forecasting of balancing prices.
27 ARPA - Advanced Research Projects Agency-Energy↗