[2016-04-11] New York Enables World’s First P2P Consumer Energy Transactrion

[themerkle]

The energy industry took a giant step towards a consumer-run future today (Monday April 11, 2016) when New York start-up TransActive Grid enabled the first ever peer-to-peer paid transaction of energy in the USA. Transactive Grid is a joint venture between ConsenSys and L03 Energy.

The Brooklyn-based company is creating a ‘microgrid’ where residents can buy and sell renewable energy. Once rolled out on a bigger scale, the concept could radically change how energy is bought and sold.

Read More: http://themerkle.com/new-york-enables-worlds-first-peer-to-peer-consumer-energy-transaction-on-the-blockchain/

[SebastianJu]

It would be great definitely. In my country the power companies are selling electricity for a price way higher than on the markets. Being able to buy your own power would be a big step forward.