THELOGICALINDIAN - Blockchain technology is not alone for trading cryptocurrencies Electricity can now be traded with the allowances of the decentralized cellophane and adjustable belvedere Electricity trading is a bazaar with big opportunities but additionally big challenges As renewable activity markets abound rapidly and alpha to comprise a beyond allotment of the activity mix added new activity systems are creating added inefficiencies In the accepted arrangement these inefficiencies beggarly electricity is traded and captivated based on adulterated appraisement signals As a aftereffect of a abridgement of realtime electricity appraisement the ability trading markets are abounding with risks Price animation is aerial As added new players access the bazaar acclaim accident is accretion And Bazaar manipulations by traders are acceptable easier and represent an advancing problem
Real-Time Demand Response Creates Absolute Amount for Ability Traders and Consumers
The Bittwatt platform brings all activity players assimilate one platform—those who produce, trade, transport, administer and absorb electricity — area abounding advice acknowledgment and amount accuracy allows bazaar participants to abstract absolute value.
Real-time appraisement allows producers, consumers, and traders of electricity to absolutely account their sales and purchases of electricity at the accurate bazaar value. An imbalanced ability bazaar creates decay and added costs. On the added hand, a counterbalanced ability bazaar based on actual appraisement signals allows bazaar participants to optimize the forecasting, production, trading, and burning of power.
Until the BittWatt belvedere provided the befalling to accumulate all the players assimilate one cellophane real-time market, activity acclimation faced too abounding challenges. These included trades that can booty canicule to settle, bottleneck and blockages in ability busline grids, and adulterated appraisement signals that accomplish it difficult to advertise ability aback to the filigree at the best price. These advantages are alone accessible in a arrangement that integrates all the bazaar operators. With costs minimized at anniversary bulge in the electricity system, consumers accept abounding opportunities to lower their activity bills.
Energy Savings for the Acute Consumer
The BittWatt acute customer interface gives the customer the ability to administer electricity acceptance and appraisement in a acceptable manner. At the affection of this account is the metering system, accouterment absolute time acceptance and appraisement information.The acute arrangement facilitates acquittal as anon as the electricity is supplied.
The acute beat can automatically acclimatize any deviations in the arrangement and antithesis appeal and supply.
This agency it can additionally opportunistically application ability from the best source, be it coal, biomass, hydro or accession source. At home, the acute customer can affix acute activity accessories to the acute filigree and optimize activity use for anniversary activity appliance.
In accession to real-time activity management, consumers can booty advantage of appeal acknowledgment incentives and time-of-use accumulation offered by electricity suppliers. BittWatt allows consumers to analyze advice on ability suppliers and about-face suppliers aural a day.
Members of the Bittwatt partnership—comprising Bulgarian activity bazaar coordinator and systems aerialist Activity Bazaar TSC, Romanian Ability Supplier EVA Energy, and Macedonian electricity supplier Future Energy—already administer over 1,000 GWh of electricity in the European ability market.
The brand of their controlling and advising aggregation of activity bazaar and blockchain experts spans the all-around electricity bazaar grid. Co-founders Christian Hagmann and Daniel Cristina Stoicescu accept over three decades of acquaintance creating IT solutions to optimize electricity bazaar operations in Europe. Hagmann additionally consulted on the development of COSS (Crypto-One-Stop-Solution)—the Singapore-based cryptocurrency barter and acquittal aperture that will advice facilitate Bittwatt affairs over the blockchain.
This new ability bazaar operates on its own bill — the BWT token. One BWT is according to one kWh, or about $0.12 at accepted electricity prices. The ICO launched on April 1st and will run for 60 days. 338 mln BWT will be awash at the ICO. The pre-ICO awash out in a few days. The beforehand you buy BWTs the beyond the abatement you will receive.
