Taxonomy to Quantify Flexibility Potential

To make net zero technically and economically feasible, the future power system will need to capture flexibility from various resources (i.e., generation, storage, and loads) across various segments of the power system (i.e., generation, transmission, distribution, and end-use loads). The uptake of digitalization, the adoption of distributed energy resources and the push for cross-sectoral electrification is transforming traditional grid operation; resources with flexibility potential in distribution grids can be a key solution to support grid reliability, resiliency, and optimized system utilization via flexibility markets.