Post
Topic
Board Tokens (Altcoins)
Re: 🔥🔥 [ANN][ENE] ENEDEX: Join the Future of Energy Trading ⚡️⚡️
by
enedex
on 24/04/2021, 10:18:44 UTC
May i ask what's the key to forecast energy supply and demand to attenuate the worth of meeting load demands and to maximise the value of supply resources?

To answer this question you need to make a distinction between the short term (balancing market) and the long term market. I assume your questions is related to the balancing market. The balancing market is a market to enable the grid to be balanced. For example, market participants buy and sell power on a 15 mins time interval. The load demands are dependent on weather, especially for renewable energy sources, and the stability of production assets, e.g. variances in availability of wind and solar have an impact on the KWh power produced. Another reason for imbalances are unexpected outages  when a power station unexpectedly goes offline. A third variable is pricing, if prices swing unexpectedly it might be beneficial to reduce or ramp up the output of a power plant accordingly. ENEDEX enables DeFi developers to develop their own innovative projects to and design solutions to maximising value of supply resources. This could by achieved by reducing the use of middlemen and trade power peer-to-peer directly from the producer to the end consumer.Another scheme that would maximise the value of supply resources can be created through virtual PPA agreements offsetting peak and off-peak trading hours that enable less use of peak power plants during peak hours through reducing electricity use during those hours and reward customers that enable the reduced demand for example. We're very excited to bring the innovation and brain power of DeFi, the wider crypto community and renewable energy together and be part of the solution of probably one of the biggest challenges we face in human kind related to energy.