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
0fec6850-eb7b-4ebf-90be-38d2cb3afe89
Status
Closed
Funders
Innovate UK
Innovate UK
Value
£183,866
Start Date
July 31, 2012
End Date
May 30, 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
  2. Electricity market
  3. Enterprises
  4. Energy
  5. Costs
  6. Production of electricity
  7. Consumers
  8. Distribution of electricity
  9. Transmission of electricity
  10. Carbon dioxide
  11. Consumer behaviour
  12. Emissions

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