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Energy and Carbon Insights - Exporting Surplus Solar

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With falling prices for solar panels and with experience gained on previous solar PV projects, many of our clients are thinking about increasing the size of their current solar installation where space allows.

By increasing the size of their system, many clients would be exporting some of their solar electricity, especially on weekends. Naturally, the question arises how to maximise the financial benefits from that surplus electricity and how to account for the solar exports in terms of carbon accounting and meeting reduction goals. 

From a financial perspective, it is not uncommon for the value of exported solar energy generation to be forgone, whether through lack of management or an unwillingness by a retailer to offer or negotiate a feed-in rate. In this scenario, you would lose any financial opportunity from exported solar.

This is when many of our clients ask about the status of peer to peer trading and local energy sharing, which is why we published two articles just on peer to peer energy trading.

In other news, Barbara, our Co-CEO has been included in the 'Women in Renewables' speaker guide published by the Clean Energy Council. The leadership and contribution of females are crucial to making sure that the energy systems of the future address the needs of modern societies.

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Peer-to-peer energy trading explained

Previously, the grid was designed to be one way only. It is now changing to two-way energy flows, facilitating exports of electricity as much as imports. One option to enable a two-way energy flow is local energy sharing or peer-to-peer trading. Simply put, energy sharing is where one party produces excess electricity and then shares this with another party. Energy sharing is also known as Virtual Net Metering (VNM) or peer-to-peer energy trading...
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The current reality of peer-to-peer energy trading for sharing surplus solar energy

It seems such a straightforward concept. You have excess electricity from your solar installation on Building A, you assign this to Building B across the road, which can’t have solar (e.g. is overshadowed). Building A benefits by increasing the size of its solar PV array leading to higher bill savings, and being able to assign or sell the exported electricity to Building B. Building B would benefit by potentially having a lower electricity bill, and a renewable energy supply. Unfortunately, the reality is different...
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How to correctly account for exported solar electricity [new approach by NCOS]

The treatment of energy generated from solar PV systems is an important consideration for organisations who have carbon reduction or renewable energy targets. Most people know that electricity generated from solar reduces their grid electricity purchases and thus their carbon emissions. However, what causes much confusion is how to correctly account for renewable electricity that your organisation has exported to the grid...
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Nine ways to maximise the financial benefit from your surplus solar energy

In this blog post, we are investigating nine ways how you can maximise the financial benefit from your excess solar. Among the nine ways that are discussed are negotiating a good feed-in-tariff, netting off your supply and demand, asking your network provider for local network sharing tariffs, considering an embedded network, using battery storage to increase self-consumption from solar, virtual power plants... 
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