In 1925, the British government asked Lord Weir, a Glaswegian industrialist, to solve the ‘problem’ of the country’s inefficient and fragmented electricity supply industry. Nearly a century on, our ever-growing thirst for electricity and an urgent need to cut emissions has seen the UK start to examine how we can move back towards this once problematic decentralised model. Centrica is leading the way in delivering new technologies and approaches that we believe will transform the role of the energy supplier and how we all use and interact with energy. We are proud to be running the Cornwall Local Energy Market trial, which offers a glimpse into the future of a truly decentralised energy landscape with thousands, if not millions, of homes and businesses playing their part in regional energy markets. This is the first project in the world which explores how decentralised flexible assets can work together in an efficient local energy system that meets the needs of generators, customers and networks alike – responding to price signals from the market in order to reduce the strain on the grid at peak times and maximise the productivity of low carbon generation assets. As part of the trial we are installing self-generation and storage technology in homes and businesses across Cornwall. The installation of solar panels and battery storage units into 100 homes across the county, and making that stored energy available to the market as a single source of flexibility, is also big news for the country as it becomes the largest ‘virtual power plant’ of its kind in the UK.
Business Green 2nd Aug 2019 read more »