Electricity is one of a significant need for human life nowadays as almost activities need electricity to be carried out. This create a big demand of electricity, to be balanced by the supply. High electricity demand with limited supply lead to increasing of price as economic law stated, however there is a way to control the price by a bidding. This bidding concept to trade electricity performed by Energy Premier through the support of blockchain technology, the bidding to be carried out on their platform which connecting electricity buyers and the suppliers directly. The connection to trade is allowed by using bidding inside the platform to be participated by several sellers for a buyer request.
There are some benefits provided by EnergyPremier to buyer, one of them is electricity price bought can be cheaper up to 40% lower than conventional electricity trading. The trading can be reached that cheaper price only by using Energy Premier token called EPC.
The explanation for cheaper electricity by Energy Premier as their core business model is based on taking a share of each electricity deal/ transaction made on the platform. When the supplier and customer are trading in EPC tokens – that share is the EPC equivalent of $0.07 per MWH, while if they are trading in fiat currency it is over 40% higher and amounts to the EPC equivalent of $0.1 per MWH. This difference becomes massive when large volumes of electricity are traded and is more than enough to make a clear case for using EPC tokens instead of fiat currency. Furthermore, this is also much lower cost of customer acquisition then what suppliers are experiencing today when managing offers/ sales teams/ etc.
More can be found at EnergyPremier whitepaper.
Submitted May 01, 2018 at 10:50PM by udewi http://bit.ly/2HKUCvx
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