An exclusive research report reveals how embracing flexibility is key for the future of the power system
There is no doubt that establishing alternative sources of flexibility is the key to the power system of the future. Now in its third year, this programme of exclusive market insight in association Utility Week - the leading media for the water, gas and electricity industries - shows that players of all shapes and sizes are convinced that storage, demand side flexibility and interconnection are the answer to many of the challenges facing UK power.
Perhaps the most challenging of the three research pieces so far, ‘Embracing Flexibility’ identifies greater differences in how the sector perceives what has become known as the ‘smart, flexible energy system’, its challenges and benefits. Nevertheless, this research confirmed that all sides continue to expect a step change in the level of opportunity from flexibility in the next decade, with a tipping point around 2023. The clock is ticking.