Towards socio-techno-economic power systems with demand-side flexibility
This addresses the challenge of renewable energy integration for power systems engineers and stakeholders, but it is incremental as it reviews existing trends without introducing new methods or data.
The paper tackles the problem of integrating renewable energy into power systems by leveraging demand-side flexibility in buildings and mobility to reduce CO2 emissions, proposing a socio-techno-economic framework that emphasizes coordinated decision-making and transdisciplinary collaboration.
Harnessing the demand-side flexibility in building and mobility sectors can help to better integrate renewable energy into power systems and reduce global CO2 emissions. Enabling this sector coupling can be achieved with advances in energy management, business models, control technologies, and power grids. The study of demand-side flexibility extends beyond engineering, spanning social science, economics, and power and control systems, which present both challenges and opportunities to researchers and engineers in these fields. This Review outlines recent trends and studies in social, economic, and technological advancements in power systems that leverage demand-side flexibility. We first provide a concept of a socio-techno-economic system with an abstraction of end-users, building and mobility sectors, control systems, electricity markets, and power grids. We discuss the interconnections between these elements, highlighting the importance of bidirectional flows of information and coordinated decision-making. We then emphasize that fully realizing demand-side flexibility necessitates deep integration across stakeholders and systems, moving beyond siloed approaches. Finally, we discuss the future directions in renewable-based power systems and control engineering to address key challenges from both research and practitioners' perspectives. A holistic approach for identifying, measuring, and utilizing demand-side flexibility is key to successfully maximizing its multi-stakeholder benefits but requires further transdisciplinary collaboration and commercially viable solutions for broader implementation.