2 papers
eess.SY2025
Flexibility Options: A Proposed Product for Managing Imbalance Risk
Elina Spyrou, Qiwei Zhang, Robin B. Hytowitz +4
The presence of variable renewable energy resources with uncertain outputs in day-ahead electricity markets results in additional balancing needs in real-time. Addressing those nee…
eess.SY2024
Addressing Imbalance Risk with Reserves and Flexibility Options: An ERCOT-like Case Study
Elina Spyrou, Robin Hytowitz, Benjamin F. Hobbs +4
As the role of variable renewables in electricity markets expands, new market products help system operators manage imbalances caused by uncertainty and variability. Whereas work i…