Abstract
Decarbonization of the electricity system will require significant and continued investment in low-carbon energy sources and electrification of the heat and transport sectors. With diminishing output and shorter operating hours of conventional large-scale fossil-fueled generators, there is a growing need and opportunity for distributed energy resources (DERs) to contribute to the provision of system balancing and security services and support a cost-effective transition to a lower-carbon energy system. Emerging smart technologies will open new opportunities for millions of users to participate actively in the trading of electricity and various ancillary services through alternative mechanisms, such as dynamic pricing, local energy markets, security markets, and peer-to-peer (P2P) trading.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
