First, a profile mechanism: participants doing 24/7 hourly matching procure clean energy resources that better match their demand patterns. As certain consumers align their demand with CFE supply on hourly basis, the need for dispatchable generation that can firm intermittent renewable supply is lower in the rest of the system. This mechanism can reduce the utilisation of fossil-based generators, such as OCGT power plants, which typically ramp up when wind and solar resources are scarce.
This is the first mechanism by which 24/7 helps - Basically, if you reduce the need for dispatchable power coming into your system from the wind agrid, you reduce the need for gas and other dispatchable fossil generation in the first place.
Brief Bio: During my masters I was fascinated by the upcoming research and developments in the field of micro-algal biotechnology. As an outcome of the preliminary studies to explore sustainable use of microalgae, I was among the 25 young scientists, recognized as Green Talents in 2013 by the Federal Ministry of Education and Research (BMBF), Germany. To extend my skills in the field I pursued a PhD at MPIMP in the experimental systems biology group headed by Dr. Patrick Giavalisco. More