Local Energy Markets Empower Communities, Revolutionize Electricity Landscape
The electricity market is changing to include new energy sources and technology. A new type of market called a local energy market is being set up to help meet the demand for electricity more efficiently. In this market, local power generation, storage, and consumer participation work together to distribute electricity through advanced technology. This approach integrates small-scale energy sources, local power grids, and smart systems to make sure the electricity reaches consumers effectively.