Yes. Anyone who consumes electricity can join. As a consumer, you can choose who you buy electricity from and at what price. You might support your local community, or decide to support suppliers based on the environmental impact of the generators.
Localvolts is just as much about providing you choice and control over the electricity that you consume, as it is about creating a fair market for producers to sell their excess energy.
What are the expected returns or savings for a Localvolts Customer?Localvolts2022-10-04T21:30:31+00:00
The concept behind Localvolts is to create a fair and transparent marketplace for electricity. We strongly believe that the current prices of electricity are higher than they should be, especially for customers who are producing electricity for themselves. You will be making your own decisions regarding prices and energy sources. The actual outcomes will depend on the marketplace. This should deliver a better outcome for you.
What are the costs involved to get started with Localvolts.Localvolts2023-05-03T06:41:18+00:00
Yes. You are in total control of your energy sales with Localvolts: you will set your own sale price(s), and decide who receives your offer(s) – meaning you will be able to do a direct deal with your own customers. This should naturally give you a better price for your excess energy.
What happens if I consume more energy than I originally bought in my matched purchase? Or consume less than originally purchased?Localvolts2023-05-03T06:41:30+00:00
Negative prices for energy are normal and we pass them through the same way as positive energy prices. With negative energy prices, the effect on the producers and consumers of energy are reversed: generators pay out cash for their exported energy, while consumers receive cash for their imported energy.
In the wholesale spot energy market, prices become negative when there is excess generation in the system.
Persons with generators in the Localvolts market can also offer their energy at negative prices to transfer cash to the targeted consumer(s).
How often must I make buy/sell decisions? Is it something I can set up once and leave alone?Localvolts2022-10-04T21:31:38+00:00
We encourage you to go through the buy (or sell) process at least once to set up your preferences with auto-renewals. With auto-renewals enabled, the system will continue to buy (or sell) on your behalf without any further action required from you. Naturally, you can stop or modify your preference set up at any time.
Stay in touch
The Localvolts Marketplace is growing fast! Join our Newsletter to stay up to date.