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Centrica Launches Virtual Local Energy Market Trial (Flexible Demand, Storage, Etc.)
December 05,2016 Centrica plc has announced a trial to develop a local energy market in Cornwall, UK, which will see the development of a virtual marketplace and the installation of new technology into over 150 homes and businesses. Working with partners, the £19m program will test the use of flexible demand, generation and storage, and reward end users 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. Once complete, participants will use the very latest smart technologies to connect to a virtual marketplace that will allow them to sell their flexible energy capacity to both the grid and the wholesale energy market. The trial is being funded by Centrica and the British Gas Energy for Tomorrow fund alongside a £13m grant from the European Regional Development Fund. To find out more and watch a short film about the trial, go to www.centrica.com/cornwall.
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