Electricity networks worldwide are being reshaped by the increase in renewable energy and battery systems. The EU has been facilitating this transition through its Energy Union Strategy, which includes provisions for setting up Renewable Energy Communities aimed at making household PV more economical. This is creating opportunities for innovative business models and services in the energy sector.
Using Power Ledger’s technology solutions, generators and retailers can charge premiums for kWh sold and independently verified as renewable with the verification record stored on blockchain. Furthermore, Retailers can offer premium energy plans for households which include sought after features such as “choose your energy mix”. Generators can also cut costs by using Power Ledger’s solution to instantly generate an audit trail for Guarantees of Origin. PV installers can increase sales by onboarding households into virtual energy communities, where clean energy subsidies are automatically calculated, rebalanced and dispersed using Power Ledger energy accounting software.
Energy communities can maximize their eligibility for government subsidies by providing live notifications to increase or decrease generation or self-consumption.
The project summary describes the POC we completed and the results that were jointly achieved with one of the innovating EU retailers, Alperia SPA.