Benefits of Local Energy Market (LEM)

The benefits of local power generation, storage and demand response all cooperate together and peer-to-peer model enables the participation of all participants of the market. It uses advanced technologies and ICT for sustainable and efficient transfer of electricity to consumers. It integrates the distributed generation, microgrid, and smart grid into one electricity market at distribution side.

P2P Energy Exchange

Our P2P energy exchange system enable renewable generators to directly sell their energy to corporate clients. Generators won’t be charged for imbalance and they can see to whom they sell their energy at what time and what price. The invoices would be 100% transparent and generators would enjoy the highest rates and flexibility in selling their energy. More importantly, in our system, renewables are delinked from the wholesale market which means their selling prices will not be affected by their sales volume. Normally when it is sunny or windy, the sales unit price drops due to higher supply to the system, however since we have created a unique market just for renewables, your selling price will stay at the highest! For many years fluctuation and intermittency of renewables hindered their way to be used as the mainstream generation sources. Today thanks to new technologies, Urban Chain is proud to enable renewables to be used as the main source of supply and through this achievement, smoothen the path to the NetZero target! On the other hand, our P2P energy exchange system, enable corporate clients to have savings of up to 50% on their energy bills, achieve their NetZero targets and be proud to consume their very own locally sourced energy!

Virtual Power Plant (VPP)

We create our VPPs mainly based on the requirements of our system. In fact, one of our main differences with other PPA providers is that their corporate or Sleeved PPAs are based on a match between one generator to one consumer, while in our system, we create a VPP from all matching renewables to cover for each other’s intermittency and match the VPP with each consumer or consumer clusters. We also offer our VPP services to private wires and microgrids to help them with the system balancing.

Local Energy Market (LEM)

The benefits of local power generation, storage and demand response all cooperate together and peer-to-peer model enables the participation of all participants of the market. It uses advanced technologies and ICT for sustainable and efficiently transfer of electricity to the consumers. It integrates the distributed generation, microgrid, and smart grid into one electricity market at distribution side.

Consumers

Consumer is an active trading player with a half-hourly import meter(s), which directly buy energy from generators.

Generators

Generator is an active trading player with a half-hourly export meter(s), which directly sell energy to consumers.

Controlling Agents

Controlling agents are passive users of the market, setting up regulatory, network and administration prices.

Affordable Energy Bills

Upon the registration of the consumer, the half-hourly meter will be linked to the system. The consumer will then be able to monitor her/his energy consumption, automatically switch to the best offer, and get billed on daily basis. The system chooses the best tariff based on the consumer's behaviour, location of generators, and the consumer's preferences regarding the energy source and energy price at the time of switch.

Viable Unsubsidised Renewable

We have designed two markets for renewable generators: primary and secondary markets. In the primary market, generators benefit from the 20% more margin than the average current PPA offers. In the secondary market, generators are enabled to sell energy for twice the unit price of the primary market. The portfolio of consumers in each local energy market will define what percentage fof the energy should be sold in the secondary market.

Dashboard

Take a look at the dashboard screenshots to have a better idea of the system.

#1

A digital bill is produced in your account.

#2

Users can explore the current electricity analytics.

#3

Explore a wide range of features with one account.

#4

Accessible to any device.

What People Say About Us

Read some of the testimonials from our amazing sponsors.

BDO Drive

  • UrbanChain’s model empowers people. By giving back the benefits of renewable microgeneration, the community can directly access the economic benefits.
  • By Mark Sykes

GBEA 2019

  • This is a true disruptor! Tenacious and analytical, UrbanChain is an innovator living outside the box and are guided by their entrepreneurial imagination.
  • By Judging Panel

Innovate UK

  • There is no direct competitor to UrbanChain's products. UrbanChain has managed the technical excellence necessary with commercial insight early.
  • By Anonymise Reviewer