Local electricity sharing schemes have the potential to play an increased role in the Australian National Electricity Market as the penetration of distributed energy resources (DERs) continues to grow. These models allow participants to share energy between separately owned and operated DERs, however are largely untested.
Smart meter data can be used for various purposes within smart grids, including residential energy applications, such as Home Energy Management Systems (HEMS) and Battery Energy Management Systems (BEMS).
Over 1.7 Australian households have taken the opportunity to generate some of their own power and reduce both their electricity bills and carbon emissions by installing rooftop photovoltaic (PV) systems on their homes. However, regulatory, technical, financial and organisational challenges have largely prevented Australia's growing number of urban apartment dwellers from accessing these benefits.