A general term reflecting a spectrum of approaches and mechanisms to value, incentivise, procure and coordinate EnergyElectrical Energy is the product of electrical Power and tim..., System FlexibilityThe ability of the Power System to respond to both expected ... and/or Essential System Services (ESS)A set of critical physics-based services required to maintai... from Consumer Energy Resources (CER/DER)A diverse range of small to medium scale energy resources th....
In basic form, this may include tariff-based incentives and/or bilateral contracts. In more advanced forms, it may include Network Services MarketA market established and operated by the entity responsible ... and/or Flexibility MarketA market that provides the means to monitor flows of Energy ... that are Co-optimisedCo-optimisation is a structured approach to ensuring that En... with conventional Wholesale MarketA primary market where Electricity is bought and sold in lar... mechanisms.