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What is Social Energy?

Social Energy is a smart energy trading network for solar PV and battery storage customers.

Customers can swap and trade their solar energy with other network customers, or sell to the National Grid, while utilising revolutionary features to maximise earnings and savings.

 

How Does Social Energy Work?

Energy Swapping

The decentralised system wirelessly connects solar PV and battery storage, with the dynamic grid-trading platform allowing customers to buy and sell electricity on the wholesale market.

Customers can send energy between each other and reduce reliance on big energy suppliers.

Selling Energy To The Grid

When required, the National Grid pays solar customers for the electricity they generate.

The network continually reacts to changes in the grid’s frequency to find the fastest possible power, with domestic systems automatically sending it to the grid for only the best prices.

Customers must have a Duracell domestic battery, which are approved by Social Energy.

Multiple Trading Opportunities

The artificial intelligence-powered Social Energy Hub predicts energy usage patterns and understands the optimum time to draw energy from or send energy to the grid, while allowing multiple trading opportunities.

The system works 24-hours in advance, to help customers use it to maximum advantage.

Even more impressively, it makes over 100,000 yearly readings, so it knows when to buy energy, such as when demand isn’t matching supply, and when to store energy to sell later.

Balancing Usage And Minimizing Waste

The rise of renewables and battery storage has created a demand for smarter energy usage, with properties part of Social Energy able to react quickly to their own energy requirements.

The AI system predicts home energy patterns so that customers can use their self-generated solar electricity before taking any from the grid, minimising any solar energy wastage.

Like Playing The London Stock Exchange

Think of it like playing the London Stock Exchange, except everything is automated, and with energy being traded with the National Grid and other Social Energy customers.

The All-In-One App

The all-in-one Social Energy app provides a full oversight of energy usage, selling and trading, showing a live status of all the big data touch points it collects as they happen.

The best thing (apart from the savings) is that once the system is up and running, you don’t have to do anything — just kick back and keep an eye on your energy trading via the app.

An Energy Community

Social Energy’s cloud-based grid-trading model is more than just a network where electricity is bought, sold and traded. It’s a growing, exciting and first-of-its-kind energy community.

Fully Licensed by Ofgem

Social Energy, launched in 2018, is licensed by Ofgem, and is the first Home Energy Trading solution that’s fully compliant with the National Grid’s dynamic frequency response service.

Contact Us

Project Solar UK Ltd

Trust Pilot Stars
Unit 1, Lakes Court,
Newborough Road,
Needwood,
Burton on Trent,
Staffordshire,
DE13 9PD
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    This website is the property of Project Solar UK Limited. The content of this website and the information contained therein informs the user of the services provided by Project Solar UK Limited. In addition it permits the user of the website to provide personal data and information to Project Solar UK Limited which assists us in the provision of our services. Project Solar UK Limited Registered Address is: Project Solar UK Limited, Unit 1, Lakes Court, Newborough Road, Needwood, Burton on Trent, Staffordshire, DE13 9PD. Project Solar UK Limited is authorised and regulated by the Financial Conduct Authority. Credit subject to status and affordability. Permission number 704308. Company No. 07673744. VAT No.116185820

    *Your actual savings will depend on many factors that are subject to change and impossible to predict with certainty. These factors include: the design and performance of your solar PV array, how you use energy in your house, prevailing market and regulatory conditions that aect electricity prices and the accessibility of grid trading services. As an illustration, you could reduce your eective electricity bill by 70%, or £274, by installing a Social Energy battery alongside an existing solar PV system. These total savings are based on a property in the OX17 area with an annual electricity consumption of 3100kWh (Ofgem medium TDCV) paying a unit rate of 16.07p/kWh (excluding the standing charge), annual solar generation of 3940kWh, and solar self-use of 20.7% resulting in an electricity bill (excluding standing charge) of £366. Year 1 benefits totalling £274 are achieved by fitting a 3kW/4.5kWh battery that reduces import of energy from the grid and credits from grid trading. The reduction is therefore 100% x £ 274 / £366 = 74.9%. In order to benefit fully from these savings, you must have your energy supplied by Social Energy, a smart meter (2nd generation ) installed in your property providing half hourly readings, up to date payment made by a variable Direct debit, and all of this managed through your online account – so you will need to be able to access digital channels to manage your account validation for original electricity bill calculation if existing solar installation (bill plus calculated solar saving, what variables involved etc. and their unit price) All figures correct as of April 2019.

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