A new trial in Corby will use a new digital technology to allow local businesses and domestic properties to trade electricity.
The project is being carried out jointly by Sitigrid and Electric Places, part of a not-for-profit Community Interest Company formed with support from Corby Borough Council and the private sector.
The partnership will trial a new digital technology that will seek to establish the UK’s first local energy market by enabling locally generated electricity to be supplied to local domestic or business customers on a peer-to-peer basis. The trial aims to demonstrate that matching local generators to local customers can reduce the end cost of electricity whilst increasing the revenues for local generators, creating benefits for everyone in the community.
Jeff Whittingham, CEO of Sitigrid said ” by matching green generation to individual customer consumption, Sitigrid’s technology can create local energy markets and unlock value that can be shared between generators and customers. This matching also eliminates ‘green washing’ by evidencing the source of production.
“Sitigrid’s technology will create equitable local energy markets which will contribute to the social good – supporting Net Zero, encouraging green generation and providing savings to customers.”
Electric Places is also leading the North-Northamptonshire-to-Net-Zero (NN2NZ) project to identify and champion the programme of activities needed to reach Net Zero, working with North Northamptonshire Council.