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21 Jan 2021Ended

Bridging the gap: Balancing supply and demand in the low carbon energy market WEBINAR

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Estimated Turnout

upto 100
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Based on previous editions

Editions

Jan 2021

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Not Available
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A evening webinar hosted by the CIWEM South Western branch looking from a Cornish perspective how to balance supply and demand in the low carbon .. Read more energy market. Cornwall has long been a leader in the production of renewable and low carbon energy. However, given the fact that renewable energy is only available when its sunny or windy, Cornwall is also at the forefront of significant challenge - what do you do when the sun isn’t shining, and the wind isn’t blowing?. The Cornwall Local Energy Market (LEM) initiative aims to address this question in a way that allows homes and businesses to play a role and get rewarded for their contribution. Using a virtual marketplace, the LEM encourages parties with energy flexibility – the ability to produce more or less energy, or the shift the times when energy is used or produced – to sell this as a service to the grid. In doing so, they will make use of the available renewable energy and bridge the gaps when supply and demand don’t match. The LEM has been developed and trialled in Cornwall but is relevant to all areas, particularly as we switch our energy supply to renewables.

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