Cutting Corporate Energy Bills: With Clean, Green Tech

During a trip to India, UK Prime Minister Boris Johnson stated there is prejudice against the green agenda, yet “green technology, green, sustainable electricity can help to reduce bills.”

The government must take stronger action addressing the energy crisis affecting homes and businesses. Energy bills remain excessively high with no relief in sight.

The UK energy model has been dysfunctional for too long. Dependence on expensive gas imports has transformed energy into a luxury rather than a necessity.

The United Nations released a five-point plan emphasizing that “without renewables, there can be no future,” designed to accelerate renewable energy adoption.

UrbanChain launched its peer-to-peer energy exchange in 2017, understanding the transition’s complexity. The company operates Britain’s only P2P green energy exchange.

Using artificial intelligence and blockchain technologies, the platform enables corporate consumers to order electricity precisely while generators fulfill those orders. Clients include private companies, local authorities, housing associations, and renewable asset owners.

The current UK energy model contains excessive middlemen, resulting in higher end-user bills. The P2P green energy exchange allows participants to buy and sell green energy directly among themselves in a safe, alternative market.

eChain is UrbanChain’s peer-to-peer energy exchange system handling profiling, aggregating, matching, balancing, settling, billing, and managing generation and consumption with accuracy, transparency, and security.

Results

Consumers achieve 100% green energy purchasing while saving at least 25% on bills. Renewable energy generators receive at least 25% better margins and increased long-term earnings.

UN’s Five-Point Plan

Point one advocates making “renewable energy technology a global public good” available to all, not just the wealthy.

The International Renewable Energy Agency notes that battery storage systems allow renewable energy storage and release when needed, increasing energy system flexibility through rapid electricity absorption and reinjection.

Battery storage paired with renewable generators provides reliable, cheaper electricity to isolated grids and off-grid remote communities.

CEO Commentary

CEO Dr. Somayeh Taheri explained that green energy remains affected by gas market fluctuations, with renewables being intermittent and fed into wholesale markets before customers repurchase at higher prices.

“We have cut this out through the creation of the peer-to-peer market,” she stated.

A cost of living crisis makes energy bills critically significant. UrbanChain began five years prior with a mission to alleviate fuel poverty and reform the broken energy market model.

“As the only British renewable energy exchange we are the future of the energy market. And we are here now, have been for a while,” she concluded.

Corporate entities reviewing energy use for net zero targets position UrbanChain advantageously for onboarding renewable energy generators into the exchange.