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

Hosted by the CIWEM South Western branch

Event description

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. Indeed, Centrica is working on what comes next with the long-term aim to for the LEM to serve all parts of the country.

This presentation will summarise the innovative approach that is being trialled in the Cornwall, summarising the key benefits and constraints of the scheme and how it could be rolled out elsewhere in the UK.

This webinar is part of the CIWEM Climate Emergency Adaption Net Zero digital series.

Booking and joining information

This event is open to members and non-members of CIWEM.

This webinar will be hosted on the Zoom platform and will be recorded. Please note that registrations will close 24 hours before the event starts. If you have not registered before that time, unfortunately we cannot add you to the event. You will receive an email with joining instructions after you have successfully registered for the webinar and the registration has been approved by our team. If you have any questions about your booking or would like to cancel your attendance, please contact barbara.woods@ciwem.org.

If you have any queries, please contact Joanna Goodwin at Joanna.Goodwin@wsp.com.