This book provides a thorough, yet concise, review on the current status of LEM development all around the world, including the most promising research models and opportunities that are being proposed; an overview of the regulatory issues on the different Continents a discussion on the current infrastructure (both hardware and software) that is implemented and that is expected to facilitate the implementation and wide spread application of local energy markets (e.g., resulting from the investments already made in SG deployment); a review of current applications and practical implementations of LEMs; and a wrap-up and discussion on the most relevant paths for future research and development in this field of study.