Virtual energy network enables peer-to-peer solar power trading between neighbors in Australia
By
Caitlin Fitzsimmons
Summary
A virtual energy network pilot in Victoria, Australia, allows neighbors to trade excess solar power directly, bypassing traditional energy retailers. The system uses blockchain technology to track peer-to-peer transactions, enabling households with surplus solar energy to sell it to those without panels or with insufficient generation. Participants like McGuigan trade power between homes, to family members, and to local businesses, facilitated through social media. The project, studied by Deakin University and supported by Energy Consumers Australia, aims to reduce energy costs and increase renewable energy adoption by making solar power more accessible to renters and apartment dwellers.
Source
bskyVirtual energy network enables peer-to-peer solar power trading between neighbors in Australiasmh.com.auKey quotes
· 3 pulledIn winter, with the lower angle of the [sun in the] sky and the shorter days, I'm not able to generate as much [solar power]
During spring and summer, I've got so much excess that I'm delighted that someone else can use it.
I'm delighted that someone else can use it.
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