Elia Group and Powerledger want to give consumers a more active role in the energy system as flexible consumption and digitalization is becoming increasingly more important. Through an R&D project the two businesses will evaluate the benefits and challenges of implementing peer-to-peer (P2P) energy trading. The research will use Elia's traXes-platform - the one-stop-shop for Energy Service Providers, and xGrid - Powerledger’s software platform for peer-to-peer energy trading.
As renewable energy levels rise and electrification spreads, flexible consumption will become increasingly important. Elia Group’s ‘Consumer-Centric Market Design’ (2011) aims to facilitate the transition towards a more flexible energy system by enabling existing and new energy service suppliers to provide their customers with better products and incentives. This allows them to monetize their flexibility and lower electricity costs.
The signing of the memorandum of understanding with Powerledger is a new step in realizing this goal. Together, the two companies are dedicated to enhancing the efficiency of the energy market by unlocking decentral flexibility. This means that in the future, individuals and businesses will be able to become real ‘prosumers’: both producing and consuming energy.
For the last seven years Powerledger has developed the xGrid platform which has been used across the world and with multiple organizations. The platform is blockchain-enabled and provides users the choice over what renewable energy to use, and trade excess renewable energy peer-to-peer. This platform is complementary to the solution that Elia Group has developed, the traXes-platform, that ensures secure energy transactions between different participants in Belgium via its Consumer Centric Market Design. Both companies now want to evaluate the benefits and challenges to implement peer-to-peer energy trading by combining the strengths of both platforms.
"This is an exciting collaboration that will help us to demonstrate how we as grid operators can enable energy transactions between the prosumer and the consumer. It will validate new functionalities in the traXes-platform and will bring us closer in realizing the consumer-centric energy system of the future. More over it will enable us to make more and better use of renewable energy in the future."
- David Zenner, Head of Consumer Centricity Elia Group
"We’re delighted to collaborate with Elia Group in this venture. It contributes to a more efficient distributed grid. This project shows how different parties can join forces in the new electricity market design, in transforming the energy system towards more flexibility.”
- Dr. Jemma Green, co-founder and Chairman of Powerledger
Elia Group is an international energy company that comprises of two transmission system operators. Through their subsidiaries in Belgium (Elia) and the North and East of Germany (50Hertz), the Elia Group operate 19,192km of high-voltage connections, meaning that they are one of Europe’s top 5 transmission system operators. With a reliability level of 99.99%, Elia provides a robust power grid, which is important for socio-economic prosperity. Elia aspires to be a catalyst for a successful energy transition, helping to establish a reliable, sustainable and affordable energy system.
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