Verv has laid claim to launching the UK’s first energy trading community at a housing estate in Hackney.
Citing significant developments in the fields of decentralised generators, smart meters and big data, Ofgem has launched a consultation which could bring about the end of the conventional ‘supplier hub’ model in the UK.
UK-based peer-to-peer (P2P) energy trading platform Piclo has further expanded its global presence after being selected for a trial by Dutch utility Essent, less than 18 month after its first trial was completed alongside Good Energy in the UK.
Energy generators are calling out for additional support in selling their power more effectively, according to a survey by SmartestEnergy, which found that as much as 8.3% higher revenues could be achieved from more active participation in the energy market.
Swedish state-owned energy company Vattenfall is to collaborate with 22 other European energy trading firms to launch a blockchain-based energy trading pilot.
The British government has said it is “considering all options” regarding the union’s future relationship with the European Union relating to energy in a move which will offer scant clarity to Brexit’s potential impact on energy bills.
Green energy supplier Good Energy has formally launched Selectricity, the peer-to-peer renewable energy trading platform that trialled under the name Piclo.