United StatesA virtual power plant (VPP) is a system where household devices such as smart thermostats, electric vehicle chargers, and home batteries are used to manage electricity demand. Utilities can adjust these devices during peak times, offering participants discounts and bonuses. Seth Frader-Thompson of EnergyHub notes potential annual savings of $25-$50 for smart thermostats and hundreds or thousands for other devices. As of 2023, over 500 VPP programs operate in the U.S., with 4 million households enrolled. However, experts like Severin Borenstein warn of implementation challenges, including incorrect predictions leading to higher costs for non-participants. While current programs are modest, battery-to-grid initiatives promise greater future benefits.
Bias read (Center): The article presents information about virtual power plants without overtly favoring either side of the political spectrum. It discusses both the potential benefits and challenges of VPPs, citing expert opinions without taking a clear ideological stance. The focus is on technical and economic issues
