Status of power system transformation 2019: power system flexibility
As power systems around the world transform, power system flexibility has become a global priority. A range of operational, policy and investment-based interventions are available to render modern systems more flexible, thereby facilitating cleaner, and more reliable, more resilient, and more affordable energy. This report identifies challenges and opportunities to unlock system flexibility and accelerate power system transformation (PST) efforts. It provides an overview of the policy, regulatory and market instruments which can be implemented in different power sector contexts to mitigate these challenges.