An Integrated Paradigm for the Management of Delivery Risk in Electricity Markets: From Batteries to Insurance and Beyond

Evangelia Spyrou, Mengmeng Cai, Yajing Liu, Yingchen Zhang, B. Hobbs, H. Geman, Y. Ma, R. Hytowitz, E. Ela, P. Hines, M. Almassalkhi, J. Kaminsky

Research output: NRELPresentation

Abstract

This presentation discusses the objectives to quantify flexibility from distributed energy resources (DERs) through DER risk scores, increase the number of hedging options for resources with uncertain output by tapping system-wide resources through a system-wide flexibility auction, and create transparent flexibility prices ahead of time, alleviating the need for forecasting of balancing prices.
Original languageAmerican English
Number of pages10
StatePublished - 2020

Publication series

NamePresented at the ARPA-E PERFORM Kick-Off Meeting, 7-8 December 2020

NREL Publication Number

  • NREL/PR-5D00-78787

Keywords

  • batteries
  • delivery risk
  • DERs
  • distributed energy resources
  • electric markets
  • insurance

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