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.
If Localvolts is successful, and consumer start to buy energy from household generators rather than large companies, who will pay for the grid and infrastructure?Localvolts2023-05-03T06:41:00+00:00
The existing power grid and industry structure is organised for large generators to make energy and have it delivered via high and low voltage networks to consumers – it is a unidirectional model where the industry makes all the decisions.
With consumers becoming active participants, the power networks will have to adjust to bi-directional energy flows – this is more a mindset issue for the networks in our opinion; the engineering is not that hard. The power networks’ role is essential in the new energy world; they just have to adapt a bit.
Our view is that anyone who uses the grid must pay for it, and our business model ensures that this happens. The debate will be around for what services, and how much? We will help in this by providing full transparency – no more bundled prices allowing some people to make up their own facts.
As for the large generators, well, they’ve had the market to themselves for long enough; they’ll have to learn to share.
Which states does Localvolts operate in?Localvolts2023-05-03T06:41:09+00:00
Grid connected customers in the Australian Capital Territory, New South Wales, Queensland, South Australia and Tasmania can join Localvolts. Victorian residents have to wait until we receive our electricity licence from the Essential Services Commission.
What are the costs involved to get started with Localvolts.Localvolts2023-05-03T06:41:18+00:00
Yes. All sellers in our marketplace provide energy from zero greenhouse gas emissions sources. As the Localvolts marketplace grows, so does the supply of renewable energy, making it easier for you to buy more green energy.
If there is no peer-to-peer energy available, you will buy from the wholesale spot energy market operated by the Australian Energy Market Operator (AEMO). This energy is sourced from a mix of generators producing varying levels of emissions.
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