EDF consortium including UCL-Energy successful in Ofgem Regulatory Sandbox project
6 July 2017
In February Ofgem’s innovation Link asked for expressions of interest for an energy regulatory sandbox to allow innovators to trial business propositions that will benefit consumers without incurring all of the usual regulatory requirements.
Discussions have now begun with a consortium led by EDF Energy R&D UK and including UCL, Electron, PassivSystems, and Repowering London – trialling a peer-to-peer local energy trading platform. The platform aims to allow residents in urban areas to source their energy from local renewables and trade that energy with their neighbours, increasing self-consumption of low carbon energy and reducing overall energy costs.