Harnessing Virtual Power: Future of Energy Solutions

This chapter explores the role of virtual power plants (VPPs) in utilizing unused energy capacity in residential areas, emphasizing their benefits for large entities and the challenges of implementation. The discussion includes regulatory risks affecting energy contracts, the ownership of distributed energy resources (DERs), and the impact of utility versus third-party aggregation on market confidence. Additionally, the chapter critiques the current government approach to energy infrastructure, highlighting the need for strategic planning to support electric vehicle charging and the significance of effective funding mechanisms for future projects.