News, Editorials & Opinions

Bittwatt Launches Electricity Trading on the Blockchain with True Real Time Pricing
Apr 18, 2018
 

Blockchain technology is not only for trading cryptocurrencies. Electricity can now be traded with the benefits of the decentralized, transparent and flexible platform. Electricity trading is a market with big opportunities, but also big challenges.

As renewable energy markets grow rapidly and start to comprise a larger share of the energy mix, more new energy systems are creating more inefficiencies. In the current system, these inefficiencies mean electricity is traded and consumed based on faulty pricing signals.

As a result of a lack of real-time electricity pricing, the power trading markets are fraught with risks. Price volatility is high. As more new players enter the market, credit risk is increasing. And Market manipulations by traders are becoming easier and represent an ongoing problem.

Source: NewsBTC (https://www.newsbtc.com/2018/04/18/bittwatt-launches-electricity-trading-blockchain-true-real-time-pricing/)

Start a free trial today. No credit card required.

 

Free Trial