"The aim of the book is to provide the basis for understanding of micro power markets, emphasizing in its application for local initiatives, the grid integration of renewable-based generation and facilitating the decarbonization of the future electrical networks. Accordingly, the topics it will cover include: the basic principle of power markets; fundamentals of the power trading, valid for both wholesale and local markets will be described; definition of micro (technical aspects) and local (economic aspects) power markets. Basic organisation of such markets; design of Micro power markets, isolated from the wholesale markets. Design principles, trading schemes with energy, flexibility and services in a small market, taking into account also the economic and social dimensions; methodologies of the interaction between micro power markets and wholesale markets; business models for micro and local power markets; and regulatory issues of micro and local power markets"-- Provided by publisher.