Singapore’s Senoko Energy has launched a pilot project to introduce peer-to-peer (P2P) trading of renewable energy in collaboration with ELECTRIFY and ENGIE Factory, the venture arm of France-based utility ENGIE.
The initiative offers households and businesses to register for ELECTRIFY’s P2P trading platform through Senoko Energy’s SolarShare service, where producers and consumers can trade locally-produced solar energy. Registered users will also benefit from the dynamic pricing of their green electricity rates. This pilot project will be available to new and existing Senoko Energy customers, limited initially to 100 participants. They aim to test the potential for commercialisation of this new energy offering, with the ultimate goal of rolling it out to all households and businesses in Singapore