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Power Ledger trials neighbourhood power sharing. Here's how it works

Power Ledger trials neighbourhood power sharing. Here's how it works

Even if you don't understand a word of this next sentence, just know that more control of your power is coming

Energy trading software company Power Ledger has launched the first trial of its blockchain-enabled peer-to-peer (P2P) technology outside of a metropolitan area, with participants including local shires and farmers in Western Australia. 

If you aren't asleep yet, what that means (and why it is so important to you) is that Power Ledger are a company who literally help you buy or sell electricity directly to your neighbour. The company software manages the trading of power among households and businesses without having to buy through the energy retailer.


Here's how it works for you

Just supposing you have solar panels on your roof that generate more electricity than you need. This might be every day or just some days.  If you have the option of feeding your excess power into the grid, you might choose to sell it to the energy company for whatever they are prepared to pay you.

Across Australia, where the option exists to sell power to the grid, you will receive around 0 - 8 cents for every kWh of power you 'sell'. For perspective, you buy power from your energy company anywhere between 15 - 35 cents per kWh. The power you use could be generated in a number of places across Australia, using green or brown power.

Now, you can choose to sell your excess energy directly to your neighbour.

Obviously you can't just pack up your power or your battery and pass it across the fence to your neighbour. Your power gets next door via the grid. Using the Power Ledger system, you still feed your power into the grid, but instead of selling it to the energy company, you choose to sell it directly to your neighbour.


Good neighbours

If you choose to sell to your neighbour, you both agree on a price and you manage usage through the Power Ledger platform. Through the platform, you can literally trade excess power with your neighbour in real time and monitor your usage in 30 minute intervals. 

POWER LEDGER'S JEMMA GREEN SAYS, “PEER-TO-PEER TRADING UNLOCKS THE POTENTIAL FOR CUSTOMERS CONNECTED TO THE ELECTRICITY GRID TO HAVE MORE CHOICE ON HOW THEY MANAGE THEIR POWER USE, BY PROVIDING RESIDENTS WITH THE CHOICE TO ACCESS RENEWABLE ENERGY THAT’S LOCALLY GENERATED AT THE RIGHT TIME OF DAY. 

USING POWER LEDGER’S PLATFORM, PEER-TO-PEER ENERGY TRADING GIVES CONSUMERS WITHOUT SOLAR POWER INFRASTRUCTURE, ACCESS TO LOCAL, LOW-COST AND LOW CARBON ENERGY.”


Power Ledger trials - Western Australia

Power Ledger is conducting a number of trials in Western Australian and around the world. They recently announced a regional Australian trial sharing power among the Wongan Visitor Centre, Shire Offices, Council Swimming Pool, Medical Centre and other commercial premises.


"SUSTAINABILITY AND ENERGY EFFICIENCY IS VITALLY IMPORTANT IN RURAL AREAS WHERE COMMUNITIES TRULY UNDERSTAND THE NEED TO BE SELF-SUFFICIENT. THIS ALLOWS US TO USE THE GRID MORE EFFICIENTLY AND REDUCE THE COST OF ENERGY FOR EVERYONE – THIS IS A MAJOR UPSIDE TO OUR RESIDENTS,” ACCORDING TO SHIRE CEO. ‚Äč

Power Ledger trials globally

Power Ledger’s SaaS energy trading platform is currently deployed in several places across Western Australia as well as in Thailand, Japan, the United States and Europe.

‚ÄčImages: Power Ledger / Unsplash - Mariana Proenca | Clement Falize / Wongan Hills Visitor Centre
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