Reports/Opinions

Demonstration on peer-to-peer trading in the wholesale energy market using blockchain technology initiated in Europe

Posted by ICEF Secretariat July 7, 2017

Vattenfall’s Business Area Markets, along with 22 other European energy trading firms, is initiating one of the world’s largest field trials for peer-to-peer trading of wholesale electricity. They are expecting to lower the transaction cost of trading energy by eliminating the need for a centralized energy market place using blockchain. Reduced transaction costs will enable small scale decentralized generation, such as residential solar, to be traded in electricity market, possibly changing the landscape of the future energy sector.

AT THE FOREFRONT: FIELD TRIAL ON BLOCKCHAIN TECHNOLOGY -- News From Vattenfall

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