Blockchain-based Ledger By UK Energy Suppliers Could Prevent Late Fees for Customers
Some services in life are already automated, but there are still a ton of improvements to be made. Energy suppliers in the UK, for example, will now automatically switch customers to more expensive plans. The era of “fixed” fuel rates is coming to an end, which will affect tens of thousands of UK households over the next few weeks. However, if the customer fails to switch over themselves, they will pay an additional £186 fee. Instead of focusing on the systems that really need to be automated, energy suppliers in the UK are taking the wrong approach, with the sole goal of lining up their....
Related News
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it.
Suppliers Move Against Mining With Cheap Electricity
The Russian association of energy suppliers and power utilities has prepared proposals to curb amateur crypto mining with subsidized household electricity, which has become a popular income source for many Russians. A letter listing its recommendations has been....
A UK-based blockchain startup, Electron has created a demo application for the country's energy industry. The use of blockchain technology in different industries doesn’t need any introduction. Electron, a London-based startup is now working on implementing the very technology to UK’s energy sector. According to reports, Electron is lobbying for the country’s energy sector to implement Ethereum blockchain-based applications to record and manage energy consumption. In order to achieve the intended goal, the company has also created a demo application using placeholder simulated data from....
Victoria Bitter has partnered with blockchain energy trading platform Power Ledger to allow customers to earn beer with surplus solar energy. Asahi’s Australian lager beer subsidiary Victoria Bitter has taken a step toward sustainability by allowing customers to earn a pint with solar energy via blockchain.According to a Wednesday announcement, Victoria Bitter has partnered with major blockchain energy firm Power Ledger to unlock a new program allowing participants to exchange excess solar energy for slabs of beer.“The only thing better than drinking the Big Cold Beer in the Aussie sun is....
In the National Lifestyle Villages in Busselton, Australia, a group of homes are experimenting with selling excess solar energy over the blockchain. Experimenting with Solar Power. The Australian-based start-up, Power Ledger, is conducting the experiment that will last for 8 weeks. With the help of another Australian-based start-up, Ledger Assets, the company will be running a trial on Peer-to-peer energy markets that will allow 10 homes to figure out how much money they can actually earn by selling their excess solar power to other peers. To get their plan off the ground Power Ledger will....
The largest engineering corporation in Europe Siemens AG has recently announced an energy collaboration with fintech startup LO3 Energy to create blockchain microgrids. The blockchain protocol aims to enable energy trades facilitated by a distributed ledger platform. Siemens Pairs up With LO3 Energy to Facilitate Brooklyn Energy Solutions on Blockchain.....