Prosumers

Market participants
Describe the evolving role of consumers in energy markets with the advent of smart grid technologies.

Hint

Answer

With smart grid technologies, consumers are evolving from passive recipients to active participants in the energy market. They can produce their own energy (prosumers), manage their consumption more efficiently, and even sell excess energy back to the grid. This shift promotes energy efficiency, reduces costs, and may lead to more sustainable energy consumption patterns.