It is easy to sell extra electricity back to the national grid as we are already connected to it. But how do we give this extra electricity to the buyer after creating a contract?
Great idea, but struggling to see how the logistics will work - perhaps we need permission and setup payment to the national grid to setup a channel specifically from your home to the buyer (if they will even allow it)?
in most countries, the provider for the electrical grid has already everything in place for the single user to contribute to the grid! and they buy your excess energy and use it to supplement your nearby users as they will direct your sold energy to where it is needed! its a small contract with great benefits and changes from one region to another and from country to country but almost all are on the same level of things ...
Exactly like that. Grid operator takes care of electricity when it comes to the network. System will not be very different from how now works but we will just eliminate retailers margins and make it way more cost efficient
So the smart contract is between e.g. me and the national grid only, not between me and another person in the next town?
If someone in the next town wants to setup a smart contract with me, i will surely need the national grid to co-operate (channeling my electricity to their house)?
Electrical grids do not work in that way. You will always need to use national grid, only if you do not connect yourself with someone next to you. Other things would be just too expensive. Smart contract will be between you and a buyer. Everything else will be taken care of by platform
It seems i wasnt the only One not aware of this fact, many people dont know how electricity grid really works, maybe we should make a detailed video to explain It and how suncontract will interact with it
Yes we see that. Sometimes you are to long in a system so you forget that it is quite hard to understand those things. We will write a explanation blog post and try also with video presentations.
An explanation blog/video would be useful. We know how smart contracts work, but it's the delivery of the electricity through the grid to the buyer that is hard to understand.
I would expect that we need an agreement with the grid to transport our extra electricity to the buyer once the smart contract is done. How else to we move the electricity to them as they are paying us for the extra power, not the grid?
Grid fees will still needs to be paid if you will use it. Maybe you could avoid that in local community though. So nobody is paying for extra power, you will just pay to the best seller as is the case when buying an internet provider or telephone service.
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advance thanking you
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