Energy Minister Ben Wyatt has announced an exciting new peer-to-peer, renewable energy trading trial which will enable households with rooftop solar panels to trade their excess solar energy with their neighbours.
About 40 residential properties across the City of Fremantle will take part in the trial, which will run until June 2019.
The trial gives households the flexibility to determine how much they are willing to buy and sell solar energy for, and then make the purchase via a blockchain-enabled platform.
A fixed-use residential tariff and a new billing system has also been developed for the trial, allowing households to engage in discrete, time-based energy transactions.
The RENeW Nexus project is managed through Curtin University and is supported by the Australian Government through the Smart Cities and Suburbs Program.
The RENeW Nexus project includes the following partners: Curtin University, Murdoch University, City of Fremantle, Landcorp, Synergy, Western Power, Water Corporation, Power Ledger, energyOS, CSIRO/Data 61 and CISCO.
There is still a limited opportunity for Fremantle residents who do not have solar PV on their rooftops to participate in the trial. Please direct enquiries to firstname.lastname@example.org for more information.