Peer-to-peer energy trading (P2P) is a new and innovative way for businesses to buy and sell energy directly with each other, without the need for a traditional energy supplier. P2P platforms allow businesses to trade their surplus energy with other businesses that need it, at a price that is agreed upon by both parties.
This can lead to significant savings for businesses, as they can often buy energy from other businesses at a lower price than they would from a traditional supplier. P2P trading can also help businesses to reduce their carbon footprint, as they can trade renewable energy with each other.
How does peer-to-peer energy trading work?
P2P energy trading is powered by blockchain technology, which allows transactions to be recorded and verified in a secure and transparent way. When a business wants to sell energy, they list it on the P2P platform. Other businesses can then bid on the energy, and the highest bidder will win the trade.
How is peer-to-peer energy trading slashing business bills?
P2P energy trading can slash business bills by 20-90% because it allows businesses to buy energy directly from each other, without the need for a traditional energy supplier.
In addition, P2P trading can help businesses to reduce their energy costs by allowing them to trade renewable energy with each other. Renewable energy is often cheaper than traditional energy, so businesses can save money by buying renewable energy from other businesses.
Examples of businesses that are using peer-to-peer energy trading
A number of businesses are already using P2P energy trading to save money on their energy bills. For example, a group of hotels in New York City are using a P2P platform to trade solar energy with each other. This has helped them to reduce their energy costs by up to 20%.
Another example is a group of manufacturers in Germany who are using a P2P platform to trade renewable energy with each other. This has helped them to reduce their energy costs by up to 90%.
Peer-to-peer energy trading is a new and innovative way for businesses to buy and sell energy directly with each other, without the need for a traditional energy supplier. P2P trading can help businesses to save money on their energy bills and reduce their carbon footprint.
