Green energy in the city
- almost 80% of world production comes from fossil fuels
- solar energy prices have fallen by as much as 62% since 2009, and wind and other renewable sources have decreased its prices by 50%
- there is a growing number of consumers who wish to be able to use renewable energy
- plan to reduce carbon dioxide emissions by 40% by 2030
Are changes on the electricity sales market possible?
In the face of climate change and rising costs of generating energy from conventional sources, countries are forced to look for an alternative solution. Many believe that renewable energy sources along with high energy efficiency could become such an alternative. However, the current system requires large companies to act as a third party intermediary between prosumers and consumers. An intermediary who, at its discretion, determines the costs of purchasing and selling renewable energy from private producers of green energy.
The solution to this problem seems to be the decentralization of the energy market which would create a democratic system of purchasing renewable energy and help actually finance renewable energy plants as energy producers are able to pre-sell this future energy as a commodity. However, such solution requires the introduction of a mechanism regulating and managing relations between producers and consumers.
Management of the decentralized energy market
Energy Trading Platform enables the owners of distributed energy resources (more precisely - producers) to conduct peer-to-peer transactions with consumers. In addtion, the platform allows consumers to purchase directly from the producer, regardless of whether it is a power plant or the closest neighbor who has, for example, surplus energy production from solar panels.
The platform allows to create and manage a decentralized electricity trading market, where each participant can choose a suitable contractor and establish a direct relationship with him. The transactions thus concluded help to lower the cost of energy for the consumer as they bypass the third party that demand a license fee or commission. And it also helps a producer that can compete directly without having to consider intermediaries.
Benefits of the solution
The solution allows consumers to conveniently and transparently choose their preferred energy source offering the best rates. They can also see exactly what type of energy each producer is offering before accepting the offer, or place electricity orders based on their willingness to pay. When the manufacturer sets an offer that matches this price, the consumer's order is automatically fulfilled and they both enter into a direct contract.
BENEFITS OF THE SOLUTION
Favorable changes on the market
- Liberalization of the retail market
- Decentralization of energy production: local planning, trading and balancing of energy
- Increased market share of distributed energy
Benefits for all parties
Platform-operated P2P trading in local energy markets can provide a socioeconomic incentive which promotes local renewable energy production to potential prosumers. Consumers who cannot afford to invest in renewables due to financial issues or limited space can buy green energy at affordable prices.
It is a transparent system that can play a significant role in reducing energy prices in all markets. This platform supports energy trading across the industry, from energy moguls to prosumers. As the global energy transition moves towards adopting more decentralized energy structures, this model will positively contribute to such shift.
Energy Trading Plaform
Management and development of the decentralized electricity trading market. Direct energy trade between producers, prosumers and consumers
Marketing of retail energy trade - energy as a product. Obtaining local energy security. Shaping the awareness of local communities (green energy, energy efficiency, flexible management of energy demand and consumption). Dynamic energy demand management
Advanced forecasts using artificial intelligence. Remote readings of measurements. Record of all transactions in the blockchain
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