Pioneering local energy market launched in Cornwall

Signal of change / Pioneering local energy market launched in Cornwall

By Gemma Adams / 17 May 2017

In 2016, Centrica announced a pioneering trial to develop a local energy market in Cornwall. Working with partners, the £19m programme will test the use of flexible demand, generation and storage, and reward local people and businesses for being more flexible with their energy. Over the next three years, Centrica’s Distributed Energy and Power business will work with renewable generators, local businesses and other large energy users to give them free smart technology upgrades and install new energy storage units with the aim of helping them to unlock new revenue streams. The team will also install battery units, micro-combined heat and power (CHP), or a combination of the two, in up to 100 homes.

So what?

Once complete, participants will use the very latest smart technologies to connect to a virtual marketplace that will provide them with a platform to buy and sell energy and flexibility both to the grid and the wholesale energy market. The programme has been developed in response to the global shift of focus from centralised generation to a distributed model where energy is generated and managed closer to the point of demand. To find out more and watch a short film about the trial, go to www.centrica.com/cornwall.

Sources

https://www.centrica.com/news/centrica-launches-local-energy-market-corn...

What might the implications of this be? What related signals of change have you seen?

Please register or log in to comment.

Suggested