About the Virtual Energy Network research study
The Virtual Energy Network research study explores the advantages of energy sharing within communities. Funded by a grant from Energy Consumers Australia, this collaborative study brings together renowned experts from academia, industry and community organisations. Our goal is to demonstrate the benefits and value of peer-to-peer energy trading and enhance local renewable energy usage for both consumers and the grid.
What is a virtual energy network?
A virtual energy network is an innovative platform that allows community members to share excess or stored energy from their solar generators with others using existing infrastructure. It enables solar producers to sell surplus energy at favourable rates, consumers to access locally generated solar energy at competitive prices and community-wide utilisation of renewable energy.
How does it work
Solar producers decide where to distribute their excess energy and at what price.
Consumers choose their preferred energy source.
Smart meters track energy usage and production.
Specialised software facilitates energy trading within the network.
How you can participate in the study
The Virtual Energy Network research study is open to residents and small businesses across multiple states. Participants will have the opportunity to trade energy virtually and share surplus or stored energy with one another.
Our researchers
This joint initiative unites experts from academia, industry and community organisations to conduct a thorough and impactful study on the benefits of virtual energy networks.
Dr Andrea La Nauze is the project lead of the Virtual Energy Network research study. Andrea is an associate professor of economics and an energy and environmental economist who uses data and a behavioural economics lens to study the decision-making of individuals.
Professor Flavio Menezes is a professor of economics at The University of Queensland. He works in the fields of market design and auction theory, incentives, regulation and competition.
Our partners
The Virtual Network Energy research study is a collaboration between Deakin and industry partners, including:
Contact us
Get in touch to learn more about the Virtual Energy Network research study and discover how you can get involved.