The Australian Competition and Consumer Commission’s most recent report on the electricity market provides good insights into the extent of emerging energy services such as virtual power plants (VPPs), electric vehicle tariffs and behavioural demand response programs.
As highlighted by the focus in the ACCC’s report, retailers are actively engaging in innovation and new energy services, such as VPPs.
Here we look at what the report found in relation to the emergence of VPPs, which are expected to play an important and growing role in the grid as more homes install solar with battery storage, the benefits that can accrue to customers, as well as potential areas for considerations to support this emerging new market.
