“… to develop and test a market-based solution on energy flexibility trading.”
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Some three years ago, Centrica, which is “is at the forefront of the distributed energy market.”, started a trial:
Pioneering local energy market in Cornwall | Centrica Business Solutions
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This has now come to an end – with impressive results:
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Cornwall £17m flexible energy trials prove success
In November 2020, we concluded the UK’s biggest trial of its potential in over 200 homes and businesses in Cornwall. Over three years, the £16.7 million Cornwall Local Energy Market saw 310MWh of power traded successfully, with greenhouse gas savings of nearly 10,000 tonnes a year as a result.
We delivered on our aim to develop and test a market-based solution on energy flexibility trading. As part of the trial, over 7.5 megawatts of low carbon technology was installed, more than 100 businesses participated and a further 100 homes received a combination of solar panels and wall mounted battery storage. Key lessons are being shared with partners, participants and stakeholders; as well as 3,000 secondary age students.
Cornwall Local Energy Market | Centrica plc
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And the energy press is particularly impressed:
Cornwall flexible energy trials prove success
Britain’s largest flexibility trial demonstrates path to a smarter grid
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Here’s a video looking at the Cornish project:
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Cornwall Local Energy Market – YouTube
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And here’s another explaining how a local energy market works:
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How the Local Energy Market works – YouTube
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photo: Cornwall and Isles of Scilly Local Energy Market