Energy Demand and Generation Exchange

A distributed energy resource marketplace that enables aggregators to deliver a range of electricity services while helping distribution utilities efficiently manage their networks

ABOUT PROJECT

What is project EDGE ?

Project EDGE is a flagship initiative trialing the capability for distributed energy resources (DER) to provide both wholesale and local network services within the limits of a local network. Supported by innovative open source technology, EDGE facilitates learnings to support the transition from one-way energy supply to a system that maximises the value of DER for all consumers through digitization and integration of DER into Australia's power systems and markets

Who is building the EDGE DER Marketplace?

Under Project EDGE, AEMO is collaborating with Aggregator Mondo and Distribution Utility AusNet to demonstrate how aggregated DER can deliver multiple energy services at both the wholesale and local network levels. The digital infrastructure is based on the Energy Web’s open-source stack and integrates with technology systems operated by Australian market participants. It leverages market intelligence software from PXiSE and uses Microsoft Azure cloud computing resources to integrate with AEMO and external partner systems

Market Participants

Technology providers

How does the DER marketplace work ?

Project EDGE is built on top of the Decentralized Operating System, an open source stack of technologies and standards focused on accelerating the energy transition. Here’s how Energy Web’s stack is being deployed to support EDGE:

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01. Create DID’s
First, digital identities for organizations and assets participating in the EDGE marketplace are created. Currently, EDGE is focused on integrating with DER via aggregators in Eastern Australia.
02. Market Rules Defined
Second, organizations—in EDGE’s case AEMO and AusNet— define specific rules for market participation at both the wholesale and local levels.
03. Enroll into EDGE
Next, digital identities enroll to the platform in order to participate in energy markets and programs
04. Participate in Market
Enrolled identities can then participate in the wholesale market (at the transmission level, operated by AEMO) and/or the EDGE local services exchange (at distribution level, managed by AusNet). The Energy Web technology stack is used to share secure messages and data, such as operating envelopes, amongst enrolled identities

BENEFITS

Key opportunities of Energy Web’s
technology approach

The technology underpinning EDGE is a shared, Australian digital infrastructure jointly powered by actors across the energy industry that produces benefits for all Australians.
The underlying software is Open Source, informed by requirements from dozens of energy companies from around the world. No vendor lock-in, no licensing fees.
EDGE's architecture is a public commons, eliminating the need for siloed IT investments from different market participants.
Use of decentralised identifiers for digital identity ensures compliance with current and future privacy-protecting legislation in Australia (e.g., Privacy Act) and internationally (e.g., GDPR)
The marketplace’s design provides significant opportunities to experiment and innovate with business models, data access, trust and transparency, operational capacities, and niche applications.

WHAT’S NEXT

EDGE is only the beginning
of Energy Web’s technology approach

By applying this approach to other legacy energy market processes, we can unlock even more societal value. Examples include

Enhancing the Australian DER register

The technology being deployed under EDGE can also be used to help the DER register become more dynamic in order to, for example, host smart inverter settings in close to real-time as they change.

Enabling Dynamic Retail / Aggregator Supplier Switching

An identity-based approach makes switching between retailers and/or aggregators simple and easily traceable amongst multiple market participants.

Supporting real-time certificate issuance for renewable electricity accounting

Corporates and grid operators around the world are experimenting with new renewable energy accounting systems that attempt to match load with renewable energy supply 24 hours a day, 7 days a week, instead of using certificates to achieve “net zero” in a given timeframe.

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