The British Guardian reported that Australia will be the first country in the world to not build an actual power station while implementing a "virtual" power plant network. Virtual power plants will be connected to the smart grid through rooftop solar panels and home batteries to bring additional energy into the grid. Australian homeowners who have installed solar panels and batteries will soon be able to trade their excess electricity in the digital market.
A group of energy technology startups, in partnership with power suppliers, energy retailers and energy agencies, has launched a software-based market to revolutionize Australia's energy systems. "Virtual" power plants can become the new standard for energy systems. At present, Australia has about 1.6 million roof with solar panels, battery storage has also increased. This means that Australia is one of the world's highest solar energy per capita roof solaration, which makes it a perfect test site for smart grid systems, allowing families not only from the system to obtain energy, and enter its excess energy to the grid.
Consumers can connect and configure a single market for their energy resources, and all the upstream value generated by these assets is automatically paid to a bank account or a digital wallet. The new smart grid can not only make energy cheaper, more environmentally friendly, but also can solve the frequent blackouts in Australia during the blackout problem. Utilizing existing energy production is easier and more practical, eliminating the need to build new power plants to meet the energy needs of heat waves.