The entire area covered by the the BankEnergi project lies inside the new Ultra Low Emission Zone. So it’s not surprising that BankEnergi can help you with strategic actions that will reduce the effects of the ULEZ, both now and after its intended expansion in 2021.
BankEnergi’s mission is to allow everyone to obtain the cheapest greenest energy available at any given time. But this will only happen if energy users are able to buy their supply from multiple suppliers, something that’s not currently permitted. To help bring this about, the BankEnergi team attended Elexon’s P379 meeting on supplier volume allocation when settling supplier volumes in a multi-supplier scenario – such as a primary supplier and a secondary supplier which could be a local energy company.
The BankEnergi project will be working with its local Distribution Network Operator to ensure that it strengthens the local distribution system, and does not create additional stresses as the area moves to a lower carbon future. We’ve a video from WPD that shows how DNO roles are changing.
After several months of careful planning, the BankEnergi project has gone live. To start with, BankEnergi will focus on bringing together organisations across London’s South Bank to plan ways of reducing energy demand through better energy management, identifying cost-effective means of energy storage and renewable energy, and developing a trading platform to allow those in the area to better balance local energy supply and demand and prepare for the transition to a low-carbon economy.
“I’m delighted that London South Bank University are partners in BankEnergi”, said Graeme Maidment, Professor of Air Conditioning and Refrigeration at LSBU. “All too often energy is solely seen in terms of generation and supply, with little attention given to the rising demand for it in heating and cooling. In higher tech offices, commonly found across the South Bank, energy used in air-conditioning often exceeds that for heating, leading to patterns of use that are quite different from those commonly assumed. BankEnergi will help organisations identify and trade on these to lower their costs and environmental impact.”
Part-funded by the UK government’s ISCF to create a local energy market in London Southbank, reduce carbon emissions & benefit the community
South Bank Employers’ Group, Elizabeth House, 39 York Rd, Lambeth,
London SE1 7NQ