Energy March 2021

Page 62

CONSUMER AND INDUSTRIAL RETAIL

VIRTUAL PPAS:

THE FUTURE FOR ENERGY TRADING Electrons move fast, but compared to many other sectors, the energy industry can move extremely slowly. But an innovative new partnership is bringing blockchain technology to the energy market in Australia, establishing the first online marketplace for retail power purchase agreements in Australia – which will allow thousands of customers to sell hundreds of gigawatt hours of power by the end of 2022.

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