How can smart metering support the development of local energy markets (connecting local generation and customers through innovative tariffs)?
Background
BEIS has committed to ending the UK’s contribution to global warming by achieving net zero
greenhouse gas emissions by 2050. Our work towards becoming a leader in green
technologies and clean energy will drive economic growth, all whilst accelerating global climate
action through strong international leadership. To achieve this, we need to better understand
the following research questions:
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Source
This question was published as part of the set of ARIs in this document:
Topics
Related UKRI funded projects
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Advanced Dynamic Energy Pricing and Tariffs (ADEPT)
This project addresses a crucial research question that must be answered in the near term is How complicated can, or should, a dynamic electricity tariff be? , such that it is accepted by the public and offers clear enha...
Funded by: EPSRC
Lead research organisation: University of Oxford
Why might this be relevant?
The project addresses the research question of how smart metering can support the development of local energy markets through innovative tariffs and aims to discover understanding of the whole interacting system.
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SmartSTOR
The UK has committed itself to the universal roll out of smart meters - 53million for all homes and small businesses with 3.6million installed so far. An enabler for half hourly billing, smart meters are seen as a prec...
Funded by: Innovate UK
Lead research organisation: POWERVAULT LTD
Why might this be relevant?
The SmartSTOR project specifically focuses on investigating the techno-economic opportunities of smart metering and innovative tariffs, directly addressing the question.
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Local Energy Markets Modelling & Analysis (LEMMA): market and information systems structures to enable Local Energy Markets in the UK
The LEMMA project develops a local electricity market such that domestic and commercial consumers and local generators of electricity may buy and sell energy between themselves and other energy supply businesses. The pro...
Funded by: Innovate UK
Lead research organisation: SWANBARTON LIMITED
Why might this be relevant?
The LEMMA project develops local energy markets in the UK, enabling the connection between local generation and customers through innovative tariffs, aligning with the question.