Flexibility
products and markets: Literature review
This paper reviews flexibility products and
flexibility markets, currently being discussed or designed to help in the
operation of power systems under their evolving environment. The paper is an
attempt to review and classify flexibility products considering its main
attributes such as scope, purpose, location or provider, and to summarize some
of the main approaches to flexibility markets designs and implementations. Main
current literature gaps and most promising research lines for future work are
also identified.
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