Singapore’s first peer-to-peer trading platform for solar energy to go live on Nov 1

OWNERS of landed properties and businesses who have solar panels on their roofs will soon be able to sell their excess solar-generated electricity at a price dictated by them.

They will be able to find buyers for this electricity through a peer-to-peer grid-scale trading platform developed by Senoko Energy. Called SolarShare 2.0, it is the first of its kind in Singapore, and will go live on Nov 1.

Currently, solar panel owners are able to sell their surplus solar-generated electricity to the grid at prices determined in one of two ways: one pegs the prices by the prevailing electricity tariff minus grid charges; the other references the prevailing half-hourly wholesale electricity price.