The Flex4RES project investigates how an increased interaction between similar energy markets can facilitate the integration of variable renewable energy (VRE). Changes in regulatory frameworks to support this process is necessary. This may in turn ensure stable, sustainable and cost-efficient Nordic energy systems. By taking into account the energy system as a whole and looking at energy markets that are dependent on each other, we identify potentials, costs and benefits of achieving flexibility in the Nordic power market.

The advantage of combining different energy markets, both with respect to flexibility and economics, is that financial and environmental benefits can be created in several sectors at once. The heat, gas and transport sectors are obvious candidates for generating such benefits, as well as within power transmission and generation.