There are four over-arching goals for the project, which we term the “EA energy market innovation project” (EMIP) for short:
- To build up a detailed local energy map of the participating counties of East Anglia (initially based around Norfolk, Suffolk and Cambridgeshire) focussing on low-carbon technologies and demand-side initiatives, highlighting opportunities and challenges. A dominating theme of the project will be the key role of local authorities (LAs) as an energy stakeholder and as catalyst of change;
- Identify opportunities for decentralised electricity markets and local energy solutions involving project participants – first in the three counties and then in the wider East Anglian area – and the integration of these innovation schemes with local networks , and where appropriate with project participants to identify and apply for possible funding streams;
- To examine through appropriately designed demonstration schemes specific combinations of technology, processes and rules (including possible rules changes) around regional energy, but focussing on electricity, production and its consumption . An important emphasis will be applying “smarter” approaches, emerging technologies and other innovations, including new industry structures and change proposals, and building understanding of their different incentives and impacts on the wider energy market, especially regional networks; and
- To identify, demonstrate and communicate the business case for new commercial models resulting from such solutions.