Solar Energy Electrical Trading

However current electricity tariff structures would need to be modified to realize the full stack of values that this technology has to offer. An australian government backed trial of peer to peer p2p solar trading has demonstrated the potential of localized two sided energy markets and blockchain technology to improve the energy system. Once connected to the network households that generate renewable energy can buy or sell this 100 clean energy from others in the network or the grid when there is a requirement.

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According to the international energy agency global renewable energy capacity is on track to expand by 1 200 gigawatts gw from 2019 to 2024 with solar powering 60 of that.

Solar energy electrical trading.

While the trial showed that solar energy trading made its participants worse off financial as the local australian electricity provider charged a fixed rate the blockchain based trading platform. Solar power is becoming more affordable and more efficient at turning the sun s energy into usable electricity. Grid trading works by connecting customers solar energy storage batteries in a decentralised network like a peer to peer network but for clean renewable energy. For those seeking an investment option in the solar sector solar company stocks or.

However in p2p trading everyone from a 1 5kw solar system homeowner or the biggest coal fired power plant can engage in peer to peer solar energy depending on which software or technology is used to participate in the market e g.

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