Local flexibility markets

Okay, kiddo! Imagine we have a lot of houses and buildings in our neighborhood. Some of these places use a lot of electricity, while others use only a little bit.

Now, there are people who make sure that everyone in our neighborhood has enough electricity to use whenever they need it. Sometimes, though, there might be more electricity available than what we need. Or sometimes, there might be a shortage of electricity and there's not enough for everyone to use.

This is where local flexibility markets come in! They help balance out the electricity supply and demand in our neighborhood.

Let's say a house has solar panels and is producing more electricity than they need. They can sell that extra power on the market. Another house might need more electricity than they have and they can buy it from the market.

This way, everyone in our neighborhood can get the electricity they need, while also making sure we don't waste any extra power.

It's kind of like sharing our toys - if one kid has too many, they can give some to their friends who don't have enough. That's how local flexibility markets help our neighborhood use electricity in a fair and efficient way!