BankEnergi3: End to end energy trading framework


A consortium of eight partners have been awarded UK Research and Innovation grant funding to develop an end-to-end energy and flexibility trading specification. This will assist the transition to a low carbon economy by enabling smart local decentralised energy trading systems.

The grant is from the government’s £102m ‘’Prospering from the Energy Revolution’’ (PFER) fund, with this funding call aimed at the key technology enablers. The BankEnergi project previously received £140k of funding in the initial design and concepts study, and had just received another £340k to develop the industry standard for an end-to-end energy trading.

At the end of this project, the consortium will have established the connectivity between different data platforms enabling energy trading from a Virtual Power Plant, all the way to flexibility and energy trading in the long and short-term wholesale and flexibility markets. The consortium will identify the interfaces needed to maximise the trading opportunity for each asset or building owner.

The project is led by Consortio Limited, who also led the successful design and concepts study in London’s South Bank.


BankEnergi 3 (BE3) will focus on the development of a specification for the tools that market participants from energy users, to power generators and suppliers, traders and ancillary services, can use to match supply with demand. This will enable an end-to-end trading solution from building level through to national energy markets. Developing a common set of standards will give confidence to end users in industry, commerce and the public sector. Organisations of all types and sizes will be able to maximise their energy, cost and carbon savings.
BE3 brings together experts from energy demand management, energy supply, regulation and compliance, information technology and artificial intelligence. The team will liaise with key organisations across the energy system to develop a common set of processes, enabling substantial energy cost savings to consumers throughout the UK, with great potential to export this approach globally.

For more information about the BankEnergi project, please contact one of the partners above, or e-mail

For more information about other Prospering from the Energy Revolution projects, please visit the BEIS website.

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