(2) Markets for flexibility services
Decarbonisation will require flexible resources,
electricity storage and demand response, which
offer non-network alternatives to new transmission assets. Electricity networks are costly,
long-lived assets and investments are made in the
presence of uncertainty over the future spatial
and temporal profile of generation and demand. It
will be increasingly valuable to enable flexible
resources, such as electricity storage and demand
response, to substitute for new network investments where possible, or defer new network
investments until the future profiles of generation
Fig. 69 UK offshore wind farm zones identified for development of renewable energy capacity. Source The Crown
Estate (2017)
Special Report 4: China’s Energy System Revolution
571
Decarbonisation will require flexible resources,
electricity storage and demand response, which
offer non-network alternatives to new transmission assets. Electricity networks are costly,
long-lived assets and investments are made in the
presence of uncertainty over the future spatial
and temporal profile of generation and demand. It
will be increasingly valuable to enable flexible
resources, such as electricity storage and demand
response, to substitute for new network investments where possible, or defer new network
investments until the future profiles of generation
Fig. 69 UK offshore wind farm zones identified for development of renewable energy capacity. Source The Crown
Estate (2017)
Special Report 4: China’s Energy System Revolution
571