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The Demand Flexibility Model serves as a simulation tool designed to evaluate the techno-economic feasibility of integrating demand flexibility within power systems. The model encompasses the simulation of the power system incorporating supply-side resources such as conventional generators, renewable energy (RE) generators, energy markets, and battery storage systems, alongside demand-side elements, which include both fixed and flexible demand.
Demand flexibility helps integrate variable renewable energy (like solar and wind) into the grid by shifting when electricity is consumed. This reduces curtailment, lowers system costs, and improves reliability — while giving consumers incentives to participate in the clean-energy transition.
Shifts electricity use to align with variable solar and wind generation, ensuring more renewable power is absorbed instead of being curtailed.
Reduces peak demand, which lowers stress on the grid and reduces the need for expensive grid upgrades and energy storage.
Provides fast, flexible responses to manage the variability and intermittency of renewable generation.
Demand flexibility programs offer financial incentives to participants, allowing them to play an active role in the clean-energy transition while lowering their electricity bills.
Enables higher penetration of renewables, accelerating the transition to a low-carbon grid.
