How the Localvolts Marketplace Works

Localvolts is a new type of energy company operating an open, peer to peer electricity marketplace where you have full control over the purchase and sale of your energy and associated services. You choose your preferred suppliers and customers, and set your own price for energy.

This means you can buy energy from other Australian’s, as well as sell any excess energy that you feed back into the grid. At prices you control!

Your outcomes will depend on your specific energy usage and production profile(s), your preferences, and the market conditions.

Eligible Customers

We accept residential and business customers located in the Australian Capital Territory, New South Wales, Queensland, South Australia, and Tasmania.

A business customer can be a Sole Trader, Partnership, Company, Strata, Trust, Cooperative or Government organisation and is signified with an Australian Company Number (ACN) or Australian Business Number (ABN).

The premises must be connected to the grid directly or inside an embedded network. The premises can have any type of meter.

You control the price you pay for your energy, when you buy, and who you buy from. We find for you the cheapest energy for every 5-minute period to cover your specific needs while respecting your wishes as expressed by your preferences. Where we don’t find a match, or you use more energy than anticipated, you buy your energy from the wholesale spot market operated by the Australian Energy Market Operator (AEMO).

For periods where you do not set any buy preferences, all of your energy is purchased from the wholesale spot market.

You can choose to buy all or part of your energy from the wholesale spot market.

Set and Forget: You can setup an auto-renewal process where we purchase energy for you on a periodic basis within the preference rules you have determined.

You can modify your set-up and buy preferences at any time.

Where you export energy into the grid, you control the sale price of your electricity, when you sell, and who you sell to. You place your offers and we find the buyers willing to accept your energy for every 5-minute period. Where we don’t find a match, or you end up exporting more energy than anticipated, you sell your electricity into the wholesale spot market operated by AEMO.

For periods where you do not make any offers, all of your energy is sold into the wholesale spot market.

You can choose to sell all or part of your energy into the wholesale spot market.

Set and Forget: You can setup an auto-renewal process where your offers are put to the market on a periodic basis.

You can modify your set-up and offers at any time.

We track the current and expected emissions content of your energy purchases and sales in real-time so that you always know your carbon footprint. We do this by tracking the real-time power output and the emissions intensities of all generators in the National Electricity Market. Naturally, your carbon footprint is reduced whenever you purchase clean energy from others in the marketplace.

For more details, including pricing, go here.