The Sitigrid technology digitally matches small scale green electricity generation to specific customers' consumption on a half hourly basis, which unlocks value for the generator and customer. This value is created by Sitigrid utilising current industry regulations to reduce policy costs that would otherwise be included in customer charges.
The value created is then distributed amongst the generator, customer and electricity supplier, which will encourage investment in new green generation, increase local support for building new green generation and reduce customer electricity bills.
Sitigrid’s technology integrates with electricity suppliers' current billing systems and processes to create communities of loyal and engaged customers, positioning the supplier as a disruptive force in the energy retail market.
Establishing electricity markets moves the profit pool from the central energy market to the local energy market, incentivising distributed renewable electricity generation. This happens today (and is called embedded benefits) but is only really accessible to larger forms of generation and not small-scale generators.
...moves the profit pool from the central energy market to the local energy market, incentivising distributed renewable electricity generation
...helping to fix broken energy market
...for distributed renewable generation
...by providing more value from installing renewable assets and batteries