Solution II: Flexible generation to accommodate variability

 

This solution focuses on incentivising existing generation towards more flexible behaviour, for example from fast-responding pumped hydro storage or fast-ramping gas generation. This also involves remunerating non-flexible power plants to become flexible through technical upgrades. However, this solution is focused on market design innovation that remunerates generators’ flexibility. Read more

Impact on increased time granularity in the wholesale markets