IEEFA: Virtual power plants are the future of electricity retailing
This article was originally posted by the institute for Energy Economics and Financial Analysis (IEEFA) on 21st March 2022.As Australia surpasses three million rooftop solar installations, households looking to buy a battery storage system or electric vehicle can be part of a new kind of power plant bringing about faster, cheaper decarbonisation. In the future, so-called ‘virtual power plants’ that harvest distributed renewable electricity and demand response will play a major role, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).
