Microgrid: A microgrid is a low/medium voltage
localized subsection of the network with
DGs and storage that aims to be independent of the macro grid network. Micro grid can operate in an island mode (net zero operation) or can import grid energy when necessary [6]. A typical architecture is shown in Fig. 1. A DG unit feeds the network with the required capacity. To utilize the produced capacity in an optimum way,
DR and SLC mechanisms run over the ICT infrastructure of the network and the prosumers/consumers. Virtual Power Plant (VPP): A VPP is a cluster of DGs without a specific formation that is controlled by a single entity. Based on Fig. 1 one can imagine a VPP that is formed by the two NANs of prosumers both of which produce and consume energy. The main scope of a VPP is to enable the so called internet of energy and to support virtual cooperation between prosumersconsumers or between DG-prosumers-consumers.