System security and reliabilityProject Victorian Distributed Energy Resources Marketplace Trial
This report provides an initial update to ARENA and the industry regarding progress and lessons learned to date on Project Energy Demand and Generation Exchange (‘Project EDGE’).
Project Energy Demand and Generation Exchange (‘Project EDGE’) will develop and test the concept of a Distributed Energy Resources (DER) Marketplace for DER services. Project EDGE is being undertaken by AEMO in partnership with AusNet Services (‘AusNet’) and Mondo, with funding from the Australian Renewable Energy Agency (ARENA).
The proof-of-concept DER Marketplace in Project EDGE aims to optimally facilitate DER participating at scale in the wholesale markets and delivering local network support services. This small-scale off-market1 trial will take place in the Hume Region of Victoria, Australia, demonstrating the following key functions:
- Data exchange – providing a secure, efficient, and scalable way for data exchange between Project EDGE participants.
- Wholesale integration of DER – trialling how aggregated DER might participate with progressive sophistication in the NEM wholesale dispatch process and operate within distribution network limits.
- Delivery of local network services using aggregated DER to meet requirements set by the distribution network service provider (DNSP) – providing DER owners and aggregators the opportunity to deliver new value streams.
- Understanding and defining the customer value proposition that market aggregators can offer their customer by developing and testing incentives for DER owners (customers) that promote active market participation.