MODE - Power Ledger
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MODE

Flexibilities marketplace for network operators to stabilise their grid.

What is MODE?

Marketplace for Optimisation of Distributed Energy, MODE, is a next generation marketplace for network operators to procure flexibilities services for their grids.

Batteries, variable loads, solar assets and aggregators can bid to provide services in forward facing markets such as day ahead markets and intraday markets. MODE can also coordinate the dispatch of services as well as settlement to asset owners can be paid in near real time.

MODE is different to existing marketplaces as it allows for buyers and sellers to trade bilaterally without a market operator.

Key Features:

  • Flexibilities market for DSOs and TSOs
  • Forward facing market capabilities: week and day ahead, intraday
  • Smart contracting functionality for auto bidding and optimised functions

How does MODE work?

DSO’s and TSO’s can communicate their need for flexibility services mainly based on forecasts  ahead of time to the market to attract bidding from qualified and registered service providers.

Flexibility service providers such as solar, batteries and large users of power who can load shift from the targeted baseline , can bid to offer flexibility services to network operators.

When trades are contracted, and the agreed quantum of flexibility potential verified, dispatch can be managed by the Power Ledger platform along with billing and settlement.

Customer benefits

  • DSO’s and TSO’s can efficiently procure their flexibility requirements
  • Flexibilities marketplace can synchronise with forecasting of network need i.e. two days ahead or intraday etc
  • Price discovery and price visibility
  • Contracting, dispatch and settlement all managed on platform

Energy provider benefits

  • Near real time settlement
  • Blockchain record of all assets and trades
  • Consensus validation
  • Optimised flexibility services

Essential requirements

  •  Please contact Power Ledger to discuss integration requirements

Register your interest

Enquire about MODE

Subscription form

Enquiry form

Sales enquiry

Media enquiry

VPP registration of interest

Battery registration of interest