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.
The form of contractual arrangements is to be a multi-party agreement known as the Energy Scheme rules, to which each generator, customer and the supplier signs up.
Sitigrid has worked with a UK leading firm of energy lawyers to draft all the paperwork required, making implementation easy for the generators, customers and supplier.
Sitigrid prides itself on innovation and has created a unique web platform that is developed with security in mind, built on the latest cloud technology. We’ve gone to great lengths to ensure that our platform is secure and protected from cyber threats.
Another benefit is that our platform has an extremely low barrier to entry for users. With the easy-to-use interface, they can quickly set up energy schemes of generators and customers and once set up, the platform takes care of the rest, making it easy to manage energy usage and allocation.
Accessing report data in real time is also incredibly simple, as well as file downloads that can be easily integrated into existing systems. Additionally, Sitigrid offers custom reporting that can be tailored to the specific requirements of any user.
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