Utilities and energy consumers are working together to combat the growing threat of climate change. Utilities are digitizing networks to improve the integration of renewable energy resources using smart grids and microgrids and increasing energy efficiency. At the same time, consumers are reducing their carbon footprint by becoming prosumers who produce their own energy, as well as changing their energy consumption patterns. Microgrids play an important role in building a low-carbon future because they bring resilience to the main grid, optimize energy costs, allow for renewable energy hosting, increase electrical vehicle integration, and improve energy accessibility. Microgrids are able to operate flexibly within their perimeter of control by using electric or thermal storage, load shedding, and shifting. This flexibility use enables the self-consumption of renewable energy, peak shaving strategies that will flatten the load curve, and tariff management. For tariff management, uti...
