SP Electricity North West has launched the trial phase of its innovative BiTraDER project, designed to help renewable energy sources connect more easily to the grid. The initiative also opens new revenue opportunities for large-scale energy users and generators across the region.
“BiTraDER is the latest innovative project we have developed and we’re pleased Ofgem recognised this with more than £8m worth of funding back in 2022,” said Chris Greenfield, BiTraDER project manager. He said the platform could be “potentially groundbreaking” by creating a marketplace where businesses buy and sell spare network capacity.
The project is being delivered with Electron, AFRY and LCP Delta. It was funded through Ofgem’s Network Innovation Competition.
During the three-month trial, participants will use the BiTraDER platform in a realistic trading environment. They will submit bids and offers while responding to live dispatch instructions, helping to manage demand and reduce curtailment during network congestion.
The platform could allow renewable generators to trade their curtailment positions, enabling them to protect more of their clean energy output.
Insights from the trial will support the final design of the marketplace, including pricing patterns, participation barriers and improvements to trading rules. Laurence Robinson of LCP Delta said the project could help reduce challenges for low carbon generators and ensure the platform meets business needs.
Smart energy trading trial begins to boost renewable grid access appeared first on Energy Live News.