Rain Check

.
Rain Check Magazine

Magazine

  • Written by Katie Olver

Blockchain energy market provider, Power Ledger is putting its world-leading peer-to-peer energy trading platform to the test via a trial with Australia’s leading energy retailer, Origin. The technical trial involves using anonymised and historical customer data to explore the benefits and challenges of peer-to-peer energy trading across the regulated network.
 
Power Ledger managing director, David Martin said working with Origin was a major step towards demonstrating the power of the blockchain to unlock the value of consumer-owned distributed energy resources. “The technical trial with Origin allows us to test this new and potentially disruptive technology with one of the industry’s biggest players,” Mr Martin said.

“Peer-to-peer energy trading presents an opportunity to unlock enormous value for consumers, it disintermediates the energy supply model putting consumers in direct contact with other consumers," continued Martin.

“Exploring technology options with Origin that could allow consumers to take more control of their energy purchasing options highlights how the needs and expectations of energy users are changing in Australia and reflects Origin’s stated commitment to delivering innovative energy solutions to its customers,” he said.

Power Ledger uses world-leading blockchain technology to create an immutable record of energy generation and consumption facilitating the opportunity for consumers to buy and sell energy to and from their neighbours in a simple and autonomous manner with complete confidence.
Tony Lucas, Origin Executive General Manager, Future Energy said the Power Ledger trial reflected Origin’s commitment to rapidly exploring and trialling a range of emerging technologies.

“While it’s still fairly early days for this technology, we are keen to explore the potential benefits that peer-to- peer energy trading could offer our customers. Power Ledger is one of a number of emerging technologies we’re currently exploring, which we believe could help us meet the changing needs of our customers.

“We hope the trial will help us better understand the value proposition for consumers, as well as the regulatory and technical implications of the peer-to- peer trading model,” Mr Lucas said.

The trial involves Power Ledger using anonymised consumer data to prove the accuracy and security of the Power Ledger trading platform. The trial will begin in October and run for a period of three months.

Rain Check Magazine

Get offline, go online

An online shopping experience can be as good if not better than going to buy something in a physical store. The elements that separate the one from th... Read more

Five things anyone can change on their car

For most people a motor vehicle is prized asset and one of the most expensive purchases that they will ever make. Indeed, many people need to take o... Read more

Top Australian Casinos Offering $1,500 Bonus or More

We absolutely hate to say this right of the bat, but we’re going to disappoint you to some degree. We did find some, but we’re not going to talk abo... Read more

The different legal people and what they do

For many people the idea of law and lawyers is based on television shows like Suits or LA Law, or perhaps on books by the likes of thriller writer J... Read more

How to be Safe When Shopping Online

Protecting yourself when shopping online goes beyond ensuring that you don't get hacked; it also covers your finances and ensures that you are not m... Read more

What's New in the NT

Tales from the Top End: What's New in the NT   ... Read more

THE TRENDS DEFINING BRANDS IN 2018

  The Media Store identifies ‘Borderless Brands’ trends within its annual report ... Read more

Gondwana Wines: an Australian wine that gives back

Gondwana Wines, Australia’s first wine company committed to bringing communities together, will launch its 2016 McLaren Vale Shiraz into Liquorlan... Read more

Sunshine Coast Asian Food Festival

The Festival will be held in the Sunshine Coast Hinterland village of Maleny in the luscious rainforest surrounds of Spicers Tamarind Retreat, home ... Read more

2017 awards for best tech and telcos revealed

Tech and telco winners revealed in Australia’s biggest consumer opinion awards Surprise winners in many categories as smaller brands take the No. ... Read more

Anchor furniture to stop deaths and injuries

The ACCC is co-leading an international safety campaign urging parents and carers to anchor unstable furniture and large TVs to the wall to prevent ... Read more

Wellington's hottest new Asian eating house and bar, Hot Sauce

Hot Sauce, is now raising the temperature on the local food scene with its impressive list of creative cocktails and a menu bursting with contempora... Read more

 

Welcome to Rain Check