This article was first published on Power Ledger - Medium
Fremantle Residents Participating In World-First Trial, Trading Solar Energy Peer-to-Peer and Setting Their Own Prices
The trial forms part of the RENeW Nexus project, and is a joint effort between Power Ledger, Curtin University, Synergy, Western Power and energyOS.
Residents in Fremantle, Western Australia, are actively trading solar energy generated from their rooftops with their neighbours and setting their own prices in a world-first trial. The trial forms part of the RENeW Nexus project, and is a joint effort between Power Ledger, Curtin University, Synergy, Western Power and energyOS.
How Does It Work?
Power Ledger’s blockchain-enabled platform is enabling residents to set their own buy and sell prices and trade energy in near real-time. Western Power, who operate and maintain the electrical grid in the south west of Western Australia and Synergy, Western Australia’s largest electricity generator and retailer, are further enabling this marketplace by maximising existing customer connections to their infrastructure and trialing fixed daily supply charges.
At present, up to 40 households are taking part in the RENeW Nexus Plan trial, trading across the regulated electricity grid. Residents participating in the trial, which will run until June 2019, will see peer-to-peer energy trades reflected on their bills. Following completion of the trial, Curtin University will carry out research underpinning the trial and publish findings.
Throughout the trial, residents will have access to granular usage data to help alter their standard consumption habits. Currently residents receive their energy bills in totals every 30 to 60 days, the RENeW Nexus Plan trial will enable them to view their usage in 30 minute intervals.
Curtin University, Western Power, Synergy, energy OS and Power Ledger are excited about the opportunity this presents to educate the community on their consumption, and empower them with the information they need to make meaningful changes to their usage ...
To keep reading, please go to the original article at:
Power Ledger - Medium