The aim of the proposed wind-friendly flexible ramping product is to transform a negative characteristic of wind power, specifically “ramping,” into an advantageous one. Through efficient management of wind ramps, a significant contribution to the reduction of integration costs of wind power can be obtained while simultaneously allowing the optimization of wind power as a ramping product in the market. Main project initiatives are: (i) Development of a probabilistic wind power ramp forecasting method to characterize and forecast ramps from a utility-scale perspective; (ii) Design of flexible ramping products which can be implemented in a new market model to co-optimize energy, reserve and ramping; (iii) Develop a "GridLAB-ISO" tool and integrate the proposed ramping product model into it; use "GridLAB-ISO" to simulate an actual ISO system.