Europe's Biggest Utilities Join Blockchain Energy Trading Trial
- Testing of blockchain-based trading to start in August
- Live trading in wholesale power and gas markets seen in 4Q
Operations inside an Enel SpA power plant.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Some of Europe’s biggest utilities joined a project to test blockchain-based trades in wholesale power and natural gas markets.
Utilities from Enel SpA to RWE AG will start live trading based on blockchain in the fourth quarter, after tests that start in August, said Michael Merz, managing director at Ponton GmbH, the developer of the project. The software, called Enerchain, allows anonymous peer-to-peer trading without using a third party.