Project description
The SMART-LEM consortium aims to develop and validate a business model-oriented platform with applications for developing Local Electricity Markets (LEM) and accelerating clean energy transition. It will be a digital solution that will consist of business models to address the practical necessities of end-users: (i) prosumers; (ii) aggregators; (iii) market participants of LEM. Therefore, business models will be created that will support prosumers, aggregators and LEM by providing applications to increase the efficient operation of energy assets. Market-based trading mechanisms, auctions and settlement procedures will be proposed, calculating key performance indicators to show the benefits of aggregation and local trading. Strategically, this platform will activate prosumer and other communities’ members to trade the surplus and flexibility, extend the usage of the Renewable Energy Sources (RES) and increase the revenue. The SMART-LEM mission mission focuses on relevant local need-owners (grid operators, SME, municipalities, aggregators) that have a central role in the problem definition, solution identification and practical implementation of the project. The SMART-LEM solutions are scalable and can be replicated to ensure digitalization and extension from local to the integrated regional energy market with wider participation, allowing high shares of renewable electricity generation.
