Local Energy Markets Modelling & Analysis (LEMMA): market and information systems structures to enable Local Energy Markets in the UK

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Title
Local Energy Markets Modelling & Analysis (LEMMA): market and information systems structures to enable Local Energy Markets in the UK

CoPED ID
4641856c-810f-46f7-9e1e-6f3a74c9fcd2

Status
Closed


Value
£459,665

Start Date
July 31, 2012

End Date
May 31, 2013

Description

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The LEMMA project develops a local electricity market such that domestic and commercial consumers and local generators of electricity may buy and sell energy between themselves and other energy supply businesses. The project delivers benefits through reducing the cost of electricity to consumers, reducing the costs of network operation, and encouraging the deployment of local renewable generation: reducing carbon dioxide emissions and reducing electricity transmission and distribution losses.

Julie Friday PM_PER

Subjects by relevance
  1. Electricity market
  2. Enterprises
  3. Electricity
  4. Distribution of electricity
  5. Energy
  6. Carbon dioxide
  7. Emissions
  8. Costs
  9. Transmission of electricity
  10. Production of electricity
  11. Prices

Extracted key phrases
  1. Local Energy Markets Modelling
  2. Local electricity market
  3. Information system structure
  4. LEMMA project
  5. Local renewable generation
  6. Electricity transmission
  7. Local generator
  8. Energy supply business
  9. Commercial consumer
  10. Carbon dioxide emission
  11. Analysis
  12. Amp

Related Pages

UKRI project entry

UK Project Locations