The energy industry is the one area of our life where environmental degradation is currently pushing us for paying closer attention to the adverse impacts of fossil fuels. Our centralized, aging power grid lacks the resilience needed to resist the catastrophic weather-related occurrences that have become more frequent in recent years, as seen by the frequent scheduled and unplanned outages. Virtual power plants (VPPs) are leading creator of renewable energy initiatives. During moments of high demand and extreme weather, which are occurring more frequently, the conventional electricity grid is prone to failure. It is becoming more and more obvious that major infrastructure changes, including substation renovations, are needed for our electrical grid. As an alternative to such upgrades, VPPs have been effectively implemented, allowing for the deferral of some modifications while addressing others. Internationally, German business Sonnen produces a battery meant to meet 75% of a home's annual energy demand with energy from renewable sources while sharing the rest with the community at large in a VPP context. In the USA, Tesla debuted Powerwalls in 2015. With the capacity to scale up to 1,000 assets, Central schweizerische Kraftwerke AG (CKW) in Switzerland developed a sizable VPP with 110 assets. This paper proposes use of artificial intelligence for prediction and virtual power plants can offer users more economical power and a more affordable energy alternative and also proposes the legal and policy reform to build the infrastructure to promote competition in the market.