Enosi Goes Live With Its Energy Trading Platform To Bring Clean Energy to All
AUSTRALIA- July 2018–The Enosi Foundation, the blockchain-based energy startup, is announcing the launch of its live energy trading platform. Enosi’s blockchain-based energy trading platform is sharing the value of renewable energy and opening up energy trading to the masses, allowing for a more efficient and transparent electricity market. Many communities don’t have access to clean energy, yet others have a surplus of energy that returns to the grid at standard utility-set rates. Homes and businesses that have excess generation should be able to share their extra resources to those who want it, but there is no efficient way of doing so on terms set by the two parties. In Australia, retail electricity prices have doubled over the past decade, and in 2016, 81% of Australian consumers rated electricity as the greatest cost of living concern. The large energy companies exercise oligopolistic control that deters new retailers from entering the market
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