Local Energy Markets Modelling & Analysis (LEMMA): market and information systems structures to enable Local Energy Markets in the UK
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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
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.
SWANBARTON LIMITED | LEAD_ORG |
IPL INFORMATION PROCESSING LIMITED | PARTICIPANT_ORG |
SWANBARTON LIMITED | PARTICIPANT_ORG |
Julie Friday | PM_PER |
Subjects by relevance
- Electricity market
- Enterprises
- Electricity
- Distribution of electricity
- Energy
- Carbon dioxide
- Emissions
- Costs
- Transmission of electricity
- Production of electricity
- Prices
Extracted key phrases
- Local Energy Markets Modelling
- Local electricity market
- Information system structure
- LEMMA project
- Local renewable generation
- Electricity transmission
- Local generator
- Energy supply business
- Commercial consumer
- Carbon dioxide emission
- Analysis
- Amp