This paper presents case studies on local energy market (LEM) in Australia, in which energy users take part frequently in peer-to-peer (P2P) energy trading among themselves considering the agile presence of energy retailers and distribution utilities. The actors in LEM are prosumers (with and without batteries), consumers, distribution utilities (as application host) and retailers/suppliers as facilitators of transactions.
Results show that margins of both energy retailers and distribution utilities improve. The buyers and sellers also make monies by selling above the FiT or buying below the grid buy price. The case studies validate that LEMs are win-win-win for all actors. Regulators and distribution utilities and retailers should strongly consider LEM as a non-wired way forward to manage the distribution grid.
Authors: Dr. Liaqat Ali, M. Imran Azim, Dr. Vivek Bhandari, Anand Menon, Vinod Tiwari, Dr. Jemma Green, S. M. Muyeen, Jan Peters.
Sign up for our newsletter - full of great insights and market updates.
