The Aims of the Project

The  SMART Fintry project aims to develop, and demonstrate, a replicable means of trading and charging for electricity that allows UK consumers to buy their power direct from nearby renewable energy generators – without the need to install duplicate grid infrastructure. This will drive down electricity costs and reduce carbon for consumers who are located near renewable electricity generators. Deliverables will include –

  • a new tariff charging structure providing a virtual link between local energy production and consumption via a peer to peer trading platform, introducing flexibility in use of system charging
  • a real time measurement and control system which will provide load transparency at a distribution network level
  • improved forecasting methods to reduce pricing risk associated with variable generation
  • proposals for a Demand Side Management (DSM) focused policy framework

The overall objective of the SMART Fintry project is to pilot a replicable local energy economy that links local, sustainable generation with consumption and which can be beneficially adopted by other communities across the UK.

The Smart Fintry project uses the existing grid, wireless communications and smart meters to balance demand and supply.

 

Additional objectives include:

  • to use locally generated renewable electricity in the community to reduce energy costs and alleviate fuel poverty
  • to address and overcome contractual barriers within the electricity market that act to prevent this direct linkage of production and consumption
  • to investigate the impact of communities moving from price takers to price setters on energy bills and assess how this changes the role of the energy supplier
  • to provide improve comfort and reduce fuel bills and emissions within Fintry
  • to retain and enhance local value and economic resilience
  • to work with the Distribution Network Operator (DNO) to provide transparent, real time information, relating to network operation which informs, and where possible helps shape, the connections design process
  • to develop and expand on the work of Fintry Community Energy in becoming a community energy supplier, a model used in several other European countries such as Germany and Denmark
  • to develop a framework to help shape future policy relating to distributed energy use.