The report discusses the increasing time granularity in electricity markets and the innovation landscape in this area. It highlights the need for innovative ancillary services, re-designing capacity markets, regional markets, time-of-use tariffs, and market integration of distributed energy resources. The report also mentions the need for net billing schemes. The International Renewable Energy Agency (IRENA) is the source of this information and is an intergovernmental organization that supports countries in their transition to a sustainable energy future.