With the increasing amount of volatile infeed from renewable energy sources the need for flexibility becomes more and more urgent. This holds especially for the distribution grids where critical load situations caused by high local renewable infeed occur increasingly often. Therefore, demand...

This paper provides a comprehensive discussion of the market value of variable renewable energy (VRE). The inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value). During wind and sunny times the additional electricity...