‘Peer-to-peer energy trading slashes business bills by up to 90%’

Companies at Mildenhall Industrial Park in West Suffolk have witnessed reductions in their energy bills, ranging from 20% to 90%, through peer-to-peer energy trading

Morgan Stanley fined £5.4m by Ofgem for communication breach

Morgan Stanley & Co. International plc has been fined for failing to record and retain electronic communications related to energy trading on WhatsApp between January 2018 and March 2020

€5bn Czech scheme to support energy producers given EU greenlight

Under the measure, subsidised loans will be provided to large energy producers to meet the collateral requests in the energy trading markets

Energy UK-EU alliance: Unleashing the power to slash energy costs

More efficient trading arrangements and greater coordination with the continent could cut energy costs by up to £1.1 billion

Toshiba explores peer-to-peer energy trading with Japanese utility

They will look at different models involving technologies such as solar power, battery storage and blockchain

New research explores peer-to-peer ‘free trade’ of excess energy

Such a market would allow consumers to directly buy from and sell to each other, without utilities or other third parties and distribute extra electricity free of charge

EDF Energy to pilot solar energy trading in Brixton

It aims to increase customers’ renewable energy use and enable them to buy and sell electricity to neighbours

TELCA winner scoops £3m for energy buying hub

An energy buying platform for businesses has been awarded £3 million to further develop its online trading hub. Open Energy Market, winner of the Consultant of Tomorrow award at The Energy Live Consultancy Awards (TELCA) last year, aims to streamline the broker process for medium and large firms, helping them manage their energy contracts online. […]

BP, Shell lead blockchain platform for energy trading

BP and Shell have joined forces with trading houses and banks to develop a blockchain platform for energy trading. Other members of the consortium include Gunvor, Koch Supply & Trading and Mercuria as well as ABN Amro, ING and Societe Generale. The new venture seeks to create a secure, real-time blockchain-based digital platform to manage […]

Centrica invests in US energy blockchain firm

A New York-based start-up specialising in blockchain-based solutions for the energy market has secured investment from Centrica. LO3 Energy is working on a commercialised blockchain-based platform that would enable peer-to-peer energy trading and help accelerate the transition to a distributed energy future. The use of blockchain enables LO3’s platform to store and validate data that […]