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What is a virtual power plant?
A virtual power plant is a network of energy devices, like rooftop solar, batteries and EVs, that are pooled together to serve the grid. With participants approval the devices can be called on by system operators to share, reduce and store electricity. VPPs are capital and cost-efficient choice for utilities, creating new revenue streams that also benefit consumers, while reducing the overall cost of the electricity system.
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IESO announces largest Canadian residential virtual power plant
Canada’s Independent Electricity System Operator (IESO) and EnergyHub, a grid-edge flexibility provider, have announced the enrolment of more than 100,000 homes in the Save on Energy Peak Perks programme, calling it the largest residential virtual power plant (VPP) in Canada.