The development of a market for Demand Side Flexibility: A study of the pilot project NorFlex

Master's thesis in Industrial economics and technology management (IND590) Demand side flexibility (DSF) is believed to have positive value for the power system. DSF could solve the problems the power grid is facing due to increased electricity consumption and increased production from intermittent renewable energy sources. This is done by enabling de-mand side participation in the value chain. NorFlex is a pilot project testing and validating the DSF value chain. This thesis follows the NorFlex project, analyzing the potential value gain of DSF. The following problem statement is answered: In a developing market for Demand Side Flexibility, what is the potential for value gain? The researc…