and without the use of a central authority (with the help of Blockchain technology) could make wholesale energy trade more efficient, secure and cost effective. 3 Apr 2019 The ecosystem of blockchain solutions in the renewable energy industry the U.S. Commodity Futures Trading Commission, the Department of Energy, FERC regulates the transmission and wholesale sales of electricity in Big energy traders are backing blockchain post-trade projects, like Vakt for oil and OneOffice for gas, that are expected to launch in the coming months. Wholesale 18 Nov 2018 Aussie Crypto Startup Power Ledger Brings P2P Energy Trading to blockchain project Power Ledger launching its peer-to-peer trading The PMJ is the “largest U.S. wholesale electricity market”, reported Business Wire. 20 Mar 2019 Peer-to-peer energy trading. With the rise of the energy prosumer and the few cents they are paid for energy fed back into the grid, there is 9 Aug 2018 Enerchain project that focuses on blockchain technology in the energy sector to bring peer-to-peer trading to the wholesale energy market. 16 Aug 2018 To the commodity traders that support it, blockchain technology is a panacea Most leading players in wholesale power and gas markets have
11 Oct 2018 Consumers can now trade and buy directly from the grid, making Blockchain technology has provided wholesale electricity distribution and 11 Aug 2017 Peer-to-Peer Energy Trading and Microgrids. Ancillary Services. Electricity Wholesale. Enterprise Asset Management. 35 How Mature Is 14 Dec 2017 LO3 Energy and European electricity exchange EPEX Spot plan to develop blockchain energy trading and transaction systems to link 27 Dec 2017 How blockchain transforms energy markets Demand response, wholesale market trading and eventually fully distributed resource market
Founded in 2015, Blockchain Technology Limited (BTL) was previously active in financial services, partnering with Visa to improve cross border settlements, before entering the energy space. In wholesale energy trading, BTL identified trade confirmation and reconciliation issues as the first pain point that could be tackled using blockchain. EnerChain is the world’s first trading tool for wholesale energy trading over the blockchain. Energy traders do not need to trade products any more using a platform. For liquid OTC markets, PONTON has developed a peer-to-peer trading tool that enables traders buy and sell directly without a broker and without an exchange. Easy to start: just download EnerChain and get connected - with or without a local blockchain node. If implemented correctly, blockchain has the potential to simplify wholesale energy trading and to reduce the costs of trading, not only making trading more efficient but also allowing smaller lot sizes to be traded. Power and gas trading. Another high-profile application of blockchain in the commodities sector is the Enerchain project, which also boasts support from a host of energy majors and large utilities such as Engie, Equinor, RWE and Uniper, in this case with a focus on European wholesale power and gas trading.
Power and gas trading. Another high-profile application of blockchain in the commodities sector is the Enerchain project, which also boasts support from a host of energy majors and large utilities such as Engie, Equinor, RWE and Uniper, in this case with a focus on European wholesale power and gas trading. wholesale power and natural gas transactions on a blockchain-enabled platform. EY believes the most compelling value proposition for the application of blockchain technology to energy and commodity trading is in the development of a private blockchain-enabled ecosystem that covers the entire transaction life cycle from end-to-end. How does blockchain impact peer-to-peer energy trading? While wholesale energy distribution is a primary application for many companies, it’s not the focus of all energy firms. A Blockchain In Energy report by Wood Makenzie shows that 59% of blockchain energy projects are building peer-to-peer energy markets. A peer-to-peer energy market is a
Power and gas trading. Another high-profile application of blockchain in the commodities sector is the Enerchain project, which also boasts support from a host of energy majors and large utilities such as Engie, Equinor, RWE and Uniper, in this case with a focus on European wholesale power and gas trading. wholesale power and natural gas transactions on a blockchain-enabled platform. EY believes the most compelling value proposition for the application of blockchain technology to energy and commodity trading is in the development of a private blockchain-enabled ecosystem that covers the entire transaction life cycle from end-to-end. How does blockchain impact peer-to-peer energy trading? While wholesale energy distribution is a primary application for many companies, it’s not the focus of all energy firms. A Blockchain In Energy report by Wood Makenzie shows that 59% of blockchain energy projects are building peer-to-peer energy markets. A peer-to-peer energy market is a Though wholesale energy is a focus of many companies, a “Blockchain in Energy, 2018” study reports that 59% of blockchain energy projects focus on building a peer-to-peer grid network. The concept is to facilitate a distributed network of individuals and entities who trade and buy excess energy between one another, without a central or wholesale entity. With Blockchain, Vattenfall and other trading firms can buy and sell energy without going through a centralised energy market place and in that way save money. By lowering transaction costs, blockchain technology will also enable the trading of small scale decentralised production and consumption, for example private homes with solar panels. Blockchain distributed energy trading systems that connect prosumers to local and wholesale energy markets may do so more effectively than existing technologies. Whether or not that proves to be the case, or unforeseen problems or issues arise, remains to be seen.