Future Prospects for Local Energy Markets : Lessons from the Cornwall LEM

Bray, Rachel and Woodman, Bridget and Judson, Emily (2020) Future Prospects for Local Energy Markets : Lessons from the Cornwall LEM. University of Exeter, Exeter. (https://www.centrica.com/media/4671/future-prospec...)

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Abstract

The Cornwall Local Energy Market was a four year trial (2016-2020) jointly funded by the European Regional Development Fund and Centrica. The aim was to unlock network capacity through intelligent management of supply and demand in constrained areas of the distribution network in Cornwall. This was achieved by installing a range of renewable and storage devices in homes and businesses and setting up an online trading platform to allow the Distribution Network Operator to purchase flexibility services from participants.