Peer-to-Peer solar power and REC trading
Peer to peer energy and REC trading with Kansai Electric Power Co (KEPCO)
The aim of Phase 1 was to provide communities with cheaper energy systems to offset existing energy costs and allow generating customers to monetize their renewable energy investments by selling their excess energy peer-to-peer.
In the next Phase, KEPCO will use Power Ledger’s platform to create, track, trade and provide a marketplace for the settlement of renewable energy credits or Non-Fossil Value (NFV) certificates, generated by rooftop solar systems.
How the technology works
In Phase 1 KEPCO shared meter data from 8 participants at the chosen site in Osaka City, Japan.
Phase 2 will provide KEPCO the framework to work towards providing their RE100 customers the ability to use NFV certificates against RE100 claims. RE100 is a global initiative led by international non-profit The Climate Group in partnership with global disclosure network CDP.
Power Ledger will provide KEPCO access to the Power Ledger trading platform to facilitate and monitor energy trading between participants to increase the incentive for the development of renewable distributed energy resources (DERs).
We identified there were additional opportunities to build on our original successful trial with Power Ledger to create an innovative business model for P2P energy trading between participants at houses, businesses and energy aggregators in Japan.KEPCO Representative General Manager Fumiaki Ishida
Solar energy traded per week
Trading algorithms executed in two-phased trial
Energy transactions processed per week
Energy consumed from renewable resources
Make an enquiry
If you have questions or comments, feel free to get in touch with us using our enquiry form.Enquiry form