xGrid
xGrid allows an electricity retailer’s customers to trade solar power across the grid. Agile, real time pricing means benefits for the customer, retailer and distribution network alike.
xGrid enables households and businesses to sell energy generated from their solar panels to other energy consumers connected to the same electricity grid. It can do this with customers with the same electricity utility or across different utilities; it doesn’t make a difference. The blockchain system will keep track of it all.
At the heart of the system is an energy trading engine that allows retailers, commercial enterprises or electricity utilities to configure a marketplace in numerous ways.
Peer-to-peer
Any participant with or without renewable generation assets or energy storage can trade electricity with their peers.
- Access to cheaper, renewable energy.
- Potential revenue stream for renewable energy generators.
- Dynamic pricing - taking into consideration preferred buy/sell price with supply and demand.
- Encourages load shifting to deal with peak periods on the grid. In time improving grid resilience.
Loyalty Solar Swap
Loyalty Solar Swap is a way fast-moving consumer brands can buy electricity from their own customers in return for goods and services. It creates positive brand engagement and lets customers know a brand is serious about sustainability.
- Creates positive brand engagement and lets customers know a brand is serious about sustainability.
- Loyalty Solar Swap compares favourably with a more traditional route of Power Purchase Agreements (PPAs), Renewable Energy Certificates (RECs) and installing rooftop solar which can be complex and uncertain
- Ideal way for businesses looking to secure 100 per cent of their energy from renewables and it's cheaper, simpler and more authentically green than any other way to do it.
- Encourages load shifting to deal with peak periods on the grid. In time improving grid resilience.
Gifted P2P
Customers can simply gift electricity to friends, neighbours, schools and community groups
- Give your friends and loved ones an original and really helpful gift.
- For people who care about carbon, it’s a great way to help the grid and the environment.
Cross store P2P
Commercial customers can share solar between their stores based in different locations within the same grid, even when only one of them has a PV installation.
- Cross store P2P allows all of your business units to benefit from all of the available PV capacity.
- The best way to optimise your distributed energy resources (DERs) now or as they grow.
How does xGrid work?
xGrid matches consumption with production at every interval. It takes into account of the buyer and seller’s chosen price and available supply and demand. It provides transaction data, including trading volume and price, which can integrate into existing billing systems or settle on the platform.
Platform Benefits
Flexible tariff types
Account for the range of energy plans of your customers, including time of day, slab pricing and energy only. Fees can be charged based on the volume traded with particular sources, such as wheeling or network charges.
Preferential trading
Users can decide who they want to trade or share their energy with. This can include gifting energy to their favourite community group or school.
Energy choice
End users can choose their preferred energy source. They can choose by generation and proximity. As consumers become more aware of the provenance of their energy, this will be non-negotiable.
Detailed data
Detailed billing and usage data available in an accessible way to end users and the administrator. You can compare data over time to show savings and changes in energy consumption behaviour.
Integration options
Integrate meter data management system and with your customer billing system. The result is a seamless energy trading application stack.
