The AGL Virtual Trial of Peer-to-Peer (AGL VPP) Energy Trading trial sought to identify and value P2P energy trades, determine the applicability of distributed ledger technology (DLT), and analyse the results.
How the project works
The AGL Virtual Trial of Peer-to-Peer Energy Trading trial project simulated P2P energy trades using data collected from AGL’s demand response trial in Carrum Downs, a suburb of Melbourne, Victoria. The AGL VPP trial included 68 residential customers. All 68 customers have smart air conditioning units and six of these customers have batteries integrated with existing solar PV systems. The trial also included 7 “event days” where the local network service provider signalled a demand response requirement to which the DER responded.
Area of innovation
P2P trading is an approach which allows grid-connected parties – in this study, households – to trade electricity. This can occur either directly (i.e. between two market participants who form a short-term contract), or indirectly between two participants who remain anonymous to one another and trade across a secure, auditable marketplace.
The feasibility study explored the potential for innovative technologies to enable a P2P market which responds to consumer expectations for a more personalised energy experience, assists customers in gaining greater control over their energy supply and derives more value for customers out of their distributed energy investments.