A UK National Infrastructure Commission report states that ‘smart power’ could save consumers up to £8bn per year by 2030 via smart grid demand management, energy storage, and interconnectors. See National
electric energy markets operate based on supply and demand, where the price is set by the intersection of the supply curve (i.e., the amount of electric energy producers are willing to generate at a given price) and the demand curve (i.e., the amount of electric energy consumers are wil...
The recast of the renewable energy directive (RED II) [4] as well as the internal electricity market directive (IEMD) [5] promote this new role of consumers as prosumers of (renewable) energy both as (1) individual and/or jointly acting self-consumer, and (2) organised in citizen ...