New contract aids renewable producers in meeting retail demand for flexibility
- Admin
- Apr 26, 2024
- 1 min read
Researchers at Sweden's Luleå University of Technology have developed Flexcon, a contract-based power flexibility trading system between variable renewable energy producers (VREPs) and electricity retailers (RET). Flexcon aims to provide an alternative to the day-ahead market (DAM) and balancing market (BLM) for VREPs, who face penalties for system imbalances caused by the intermittent nature of their supply.
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