Power Ledger and SEDA worked together on a 8 month peer-to-peer energy trading trial that aimed to demonstrate the ability of the Power Ledger platform to effectively trade surplus solar energy, with SEDA’s goal being to grow the country’s solar photovoltaic (PV) rooftop market and advance the deployment of Distributed Energy Resources (DERs) in Malaysia.
How the technology works
Power Ledger’s platform used interval meter data, provided by Malaysia utility Tenaga Nasional Berhad (TNB), to simulate energy trading patterns between prosumers and consumers across the Malaysia grid.
Key takeaways from the project include:
- The need for standardised data collection and transfer processes to facilitate meter data access to third parties.
- Retailers play an important role in settlement and reducing counterparty risk.
- Balancing of prosumers and consumers is important in reducing excess energy generation.
- System Access Charge/Network Charges provide market signal on the commercial viability.
Discussions on further deployments of the Power Ledger platform in Malaysia are ongoing.
A recent webinar, hosted by the International Renewable Energy Agency (IRENA), about SEDA and Power Ledger’s project can be found here.