With the aid of blockchain, Europe’s first blockchain project for grid service has started. The transmission system operator TenneT and the battery manufacturer sonnen have started to use the Blockchain from now on in a pilot project.
The results of the second tender for wind-onshore were less highly anticipated than in the first tender in May 2017. After the significant dominance of citizen energy companies and the surprising low price level of 5.78 cent/kWh (highest approved bid), a similar result was expected for the second tender. The market participants were not “disappointed”.
The world’s largest electricity producer reforms its power sector. The development of a provincial spot market is increasingly important to allow for efficient power plant dispatch in China. Zhejiang province aims to introduce a spot market by early 2019.