Harnessing the Value of Demand-Side Flexibility in Electricity Markets
Summary of the Doctoral Thesis
Zane Broka, Riga Technical University, Latvia
As the 2025 deadline for synchronisation with the Continental Europe grid approaches, the Baltic transmission system operators have recognised the need to involve more local balancing resources. Additionally, demand for balancing energy is expected to rise due to the growing share of intermittent generation sources. It requires for increased flexibility of the Latvian power system.
This Doctoral Thesis is focussed on improvements of power system flexibility through employment of demand-side resources and optimisation of the overall balancing process. An optimised activation strategy of reserves is proposed which can be part of the Baltic TSOs’ workflow where traditionally only human-based dispatching has been employed. Furthermore, assessment of the operating, planning and economic benefits obtainable from demand response (DR) in the Latvian power system is provided. Finally, a robust tool for an economic assessment of DR from the end-user point-of-view has been developed. Hence, the Doctoral Thesis provides an array of tools and methods on establishing the value of demand response in the Latvian power system.
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