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Flexibility in Electric Power Distribution Networks

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High penetration of renewable energy sources (RESs) imposes several techno-economic challenges to distribution system operators (DSOs) due to their variability in power generation and, hence, increases the need for additional operational flexibility. Operational flexibility aims at securely covering the possible variations at the minimum cost using emerging flexible alternatives or designing novel local market mechanisms to incentivize flexibility providers. In such a situation, the DSOs ca...