There are several impacts the consortium find relevant and beneficial for society. Firstly, the local energy markets encourage active participation of prosumers through differentiated prices between locally and centrally produced power, and through a market, handle storage and demand response. This enables local markets to solve many of the issues regarding implementation of smart grid solutions, especially around incentives, business models and adoption. This active
participation will allow consumers to reduce their electricity bill maintaining their comfort.
Next, introducing local markets opens up for new innovative business models where energy service companies can develop new products combining wholesale and local markets, and energy services such as flexibility management. Again, this increases the economic benefits for participants willing to take active roles in local energy markets.