Local energy market project to help reduce costs and carbon emissions
An innovative project which will help reduce carbon emissions and energy costs, by increasing the use of local renewable energy, starts this month.
The Local Energy Market in Devon and Exeter (LEMDEx) project is grant-supported by the Department for Business, Energy & Industrial Strategy through the Prospering from the Energy Revolution Programme.
It will be delivered by a consortium of academic, public and private sector organisations consisting of Devon County Council, Exeter City Council, Exeter University, Exeter Community Energy and Swanbarton Limited, who are the leading the project.
Buying energy generated locally, for instance through Community Energy Projects, is more efficient than buying from national or international energy sources and can reduce costs.
Local energy markets can help consumers to take advantage of less expensive energy when it’s available and be rewarded for their ability to increase or decrease energy demand.
To date, industry regulations have not supported these arrangements. The LEMDEx project will test new regulatory, commercial and business models and smart energy trading technology.
The consortium’s aim is to make it easier to produce, access and use energy produced locally, encourage more organisations to use locally produced energy and ensure that more of the profit is reinvested locally.
Devon County Council supports local renewable projects including solar PV, Energy from Waste and electric vehicle charge points, with further projects being planned.
Devon County Council has supported local energy projects access funding, for instance Exeter Community Energy, which currently has 350 kW of solar PV and is developing a 50 kW hydro scheme.
The introduction of a local energy market in conjunction with clean transport and increased energy efficiency will help meet both air quality targets and the fifth carbon budget, which aims to limit annual emissions to an average 57% below 1990 levels.
Devon County Council’s Cabinet Member for the Environment Councillor Roger Croad said:
“Devon County Council is happy to be part of this innovative project. We are determined to be at the forefront of the green revolution, increasing our use of renewable energy sources, improving the local environment through reduced emissions and actively addressing the challenge of global warming.”