Definition
The flexibility market is a mechanism through which grid owners (DSOs) can purchase up- or down-regulation of electricity consumption and production from actors at distribution network level. Instead of building more expensive grid capacity, the grid owner pays consumers, battery storageStationary battery installations (BESS) that store electrical energy to balance production and consumption in the power system., EV chargers or industry to shift their consumption. The EU Clean Energy Package requires that aggregators can participate in the flexibility market. In Norway, local flexibilityAbility to change power consumption or production in response to price signals or system operator needs. markets are being developed through the Nodes platform and pilot projects at Elvia and BKK, among others.