ENERGY PREMIER-THE FUTURE ELECTRICITY TRADING

Juni 03, 2018

Energy Premier is one of the unique platforms in the market. The energy premier entered the market with the fresh & out of the box idea. Energy premier is a cloud-based electricity retail bidding platform with the application of blockchain. This is something which none of us have heard about. Many of us know about the blockchain offering with personal data sharing, gaming, banking, etc. But we have never heard of the electricity trading for the blockchain. It is better & profitable over usage of fiat currency. It's all about the trading of energy by bidding it off. The bidding is done in the form of the blockchains. The blockchain is in the form of EPC token.

How does it work?

(FOR CONSUMER)

As it is the blockchain based trading the consumer must have blockchain in the form of EPC token. Once the consumer has purchased the EPC token s/he is ready to trade the electricity. The consumer has to sign up for the account after that they have to open an offer request. This process will give them access to perform bidding. After, the bidding the process will elevate to the signing of the contract. Between supplier & consumer where the identity of the supplier is kept confidential.

(FOR SUPPLIERS)

Suppliers must have EPC token for trading. Suppliers have to make an account on the energy premier platform. They have to check for the request from the consumer about the bids. Manage their trades & sign the contract if the bid is successful.

EPC Token

EPC token is used to pay for Energy Premium Service accepted at the rate of 0.0003$ equivalent. Trading of electricity is cheaper in the form of EPC token. When the Energy premier platform is used for trading especially in EPC token, that will be equivalent to 0.07$ for per MWH, while if the same trading processes in fiat currency it will be over 40% which will lead to EPC value of 0.1$ MWH. The trading process is faster in EPC token as it is the form of the blockchain, it even eliminates the chances of fraud due to embedded smart security process.

The feature of ENERGY PREMIER

1.No other player in the market offer such offer.

2.The model is designed by ensuring the profit of both, consumer as well as suppliers.

3.Allows the trade in EPC tokens.

4.The EPC token holders have the discount in the payment of the fee for trading & other services on the platform.

5.It gives the transparency in work with the help of smart contract to define the ownership, pricepoint input, etc.

6.The design is made user-friendly.

7.No training is required for the new user. The newbie may try their hand out without experience on the platform.

8.Being a cloud-based it has the abundance of benefit like it can be connected from anywhere, it is scalable as well the high based security.

9.Suppliers can keep an eye on consumers electricity profile consumption.

10.Suppliers even know about the consumption profile bidding.

Key Problem Solved by platform

As by 2020, the world will spend 200,000TWH electricity per year; the turnover will be more than 10 trillion dollars per year. The earlier time companies & individuals spend after writing about the total consumptions of electricity & to send the written consumption to suppliers have been cut off by the platform. It saves an abundance of time & money. As the process of purchasing having the high risk of corruption. The platform ensures the transparency by using the smart contract which makes sure the platform is corruption free. The platform offers the electricity retail without any middleman or any employee of energy premier.com. It is purely a relation between consumer & supplier.

Conclusion

Energy premier is a unique platform which market was seeking from the longer duration, being an alone marketer in this field makes it stand out from the others. It gives the unique feature of blending Blockchain with electricity. The bidding of electricity through the usage od EPC tokens make it more secure, impact, faster than fiat currency method.