Local Energy Market

Local Energy Market (LEM) enables participants to trade energy amongst each other through our trading platform, matching buy and sell offers in forward facing time intervals. Buyers bid in the LEM at buy rates lower than their grid tariff rate, while sellers bid at rates above prevailing feed-in-tariff. The traded volumes are indicated to the retailer(s) or distribution companies at the awarded prices to be reflected in the energy bills. LEM encourages local generation and less import from the bulk electricity system.
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LEMs help in limiting both import and export to the bulk electricity system. LEMs are highly responsive to the variations in supply and demand and reduces exports to the bulk electricity system. This results in savings for network operators like the distribution utilities. They also help reduce draw from the bulk electricity system which means they help reduce energy consumption costs for the consumers and prosumers.

Frequently Asked Questions

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