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Project overview
  • Lead Organisation

    AGL Energy Services Pty Ltd

    Location

    Victoria

    ARENA Program

    Advancing Renewables Program

  • Start Date

    March 2017

    Status

    Past

  • Project Partners
    IBM Australia, Marchment Hill Consulting
    This demand response project was completed on 16 March 2018.

Summary

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.

Last updated
17 November 2020

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.

Benefit

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.

Last updated 17 November 2020
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