Mornington Peninsula, VictoriaARENA Program
United Energy Distribution Pty Limited, The Australian National University, Mojo Power, ACT Environment and Planning Directorate, DELWP (Victoria), ActewAGL Distribution
Decentralised Energy Exchange (deX) is a prototype online marketplace that will provide a way for households and businesses with rooftop solar and battery storage systems to be paid for allowing electricity network businesses to access their rooftop solar and stored electricity to strengthen the grid.
The Australian electricity market is being challenged by significant change, and is evolving quickly away from a traditional electricity model based on large power generators and long networks. Innovative energy products and services are rapidly emerging that are giving consumers greater choice and control over their relationship with the energy market, including how their electricity is delivered and consumed.
A good example of this is the use in Australian homes of rooftop solar and battery storage systems, also known as distributed energy resources (DER).
This trend is expected to continue, creating a complex, less predictable and more interactive electricity market where the old ways of managing the power system may no longer work.
However, if harnessed correctly, the power generated and stored by Australian households and businesses can help to strengthen the grid, making it more secure and reliable.
The Project aims to increase the value of renewables by making it possible for the owners of DER (solar PV, batteries and demand response) to engage in market transactions with electricity network businesses who will pay.
Network businesses can use this power to strengthen the grid, and to postpone the construction of costly additional networks, benefitting all consumers through reduced electricity network bills.
This will be achieved through deX, a world-first online exchange platform for buying and selling grid-services such as power from DERs. deX is being developed with open-source software, drawing on the knowledge of leading technology businesses, energy start-ups and electricity market participants.
The project will trial the use of deX and test how an online marketplace for buying and selling power from DER would be used by customers and energy technology businesses.
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