SolarShare - Senoko Energy

SolarShare

Putting Power In Your Hands

There's a new way to power your homes and businesses. Buy or sell locally produced solar energy on SolarShare – our peer-to-peer solar energy trading platform – for smarter sustainable savings in the long run.

Whether you're a Consumer or Prosumer, you'll be able to determine your own buying and selling prices through this marketplace.

What is Peer-to-Peer (P2P) energy trading?

P2P energy trading allows electricity producers with rooftop solar PV systems, to directly sell the excess electricity they produce to other local consumers across the electricity network.

How It Works

Step 1

Prosumers are households and businesses who have solar panels, and are already generating excess solar energy.

Consumers are households or businesses who would like to support local green efforts and purchase solar energy from Prosumers.

Step 2

Apart from selling excess green energy to SP Group according to USEP, Prosumers now have the option to set their green energy price to like-minded communities who are environmentally conscious.

USEP refers to Uniform Singapore Energy Price that does not offer differentiated pricing for renewable energy. The USEP rate varies daily on a half-hourly basis and historical trending can be found here.

Step 3

SolarShare enables matching of near real-time energy generation and energy usage, tracked using smart meters. This allows Prosumers visibility of renewable energy demand and supply in order to determine their price. Consumers will also be able to compare prices more efﬁciently to determine their preferred renewable energy source.

Step 4

During non-sun hours or when supply of solar energy is limited, both Prosumer & Consumer energy needs are supplied by Senoko Energy.

Both Prosumers and Consumers are required to sign up for Senoko Energy’s LifeConnect6 price plan during this 6-month trial, as a base plan for non-sun hours.

Fixed rate base plan for non-sun hours

Six-month fixed rate, inclusive of GST
Applicable for household customers. Corporate & SME rates will be customised on a case-by-case basis
Not applicable with bank promotions or Senoko Smart Rewards

Download Our Brochures

View our e-brochures for an overview of SolarShare and how it can benefit the community.

Consumer Brochure

Want to support local green efforts by purchasing local solar energy? Read our consumer brochure here.

Prosumer Brochure

Own a solar photovoltaic (PV) systems and generating excess solar energy? You can possibly earn more. Read our prosumer brochure here.

Make history with us

We invite you to be the first in Singapore to join SolarShare for our 6-month pilot and stress test our system. You will be among the first people to provide insights and feedback that will affect and shape how peer-to-peer solar energy trading may be implemented for wider adoption. We will be assessing the level of interest for SolarShare's P2P solar energy trading platform, and seek to better understand your energy production and consumption patterns.

We look forward to your participation in our pilot. Be active with us on social media, and regularly check this website for updates!

Join us as a Prosumer or Consumer now!

Register your interest in Q3 2020 and be a part of the pioneering community in this innovative trial!

Register Now

SolarShare is a proud collaboration between:

Senoko Energy

"The concept of P2P energy trading is highly innovative and smart, and its adoption around the globe is still in its early stages. We believe this will be the future of our energy industry, driven by a community of like-minded individuals and companies."

- James Chong, Head of Commercial, Senoko Energy

ELECTRIFY

"With this technology, Singaporeans will get access to a reliable, secure and transparent platform to buy and sell renewable energy. I expect this demonstration to pave the way for other power grids to develop more inclusive business models to benefit the world."

- Martin Lim, Chief Executive Officer, ELECTRIFY

ENGIE Factory

"ENGIE Factory is committed to accelerating the transition to zero-carbon. Through this pilot P2P project, we hope to encourage more Singaporeans to adopt renewables and help lower the nation’s carbon footprint."

- Quentin Vaquette, Managing Director, ENGIE Factory

Whether you own a solar PV system, or are looking to convert to solar energy, you can play a part in Singapore's sustainability future.

Martin Lim, CEO of Electrify, shares how you can benefit from being part of SolarShare - Singapore's first peer-to-peer (P2P) renewable energy trading platform.

Frequently Asked Questions

What is SolarShare?

SolarShare is Singapore's first peer-to-peer (P2P) green energy trading platform where you can choose who to buy your renewable energy from, at your preferred price. This solar energy marketplace is built to enable the matching of real-time energy generation and usage tracked using smart meters.

The SolarShare service is undergoing a pilot to assess commercial viability in Singapore. To participate in the trial, participants are required to sign up for a Senoko Energy plan as well, to provide energy needs during non-sun hours or when the supply of solar energy is limited.

What is the difference between green energy and the energy we are using now?

Green energy is power that comes from renewable sources such as solar, wind, and water and does not negatively impact the environment. These sources can be naturally replenished over short periods of time and do not diminish. In Singapore, the most promising option for green energy is solar due to our island’s location near the equator.

Approximately 95% of Singapore’s electricity is currently generated using natural gas. Although liquefied natural gas (LNG) is one of the cleanest forms of fossil fuel, more can be done to ramp up Singapore’s renewable energy production and lower our nation’s carbon footprint.

Who can participate in this pilot?

We are looking for both Prosumers and Consumers who are passionate about environment sustainability issues and would like to contribute to this milestone in Singapore’s energy market.

Prosumers are households or businesses who own solar photovoltaic (PV) systems and are generating excess solar energy that are currently sold to the national grid.
Consumers are households or businesses who would like to support local green efforts by purchasing directly from local producers.

What are the benefits of joining SolarShare?

Prosumers can now determine their own green energy rate by assessing potential market demand. This rate may potentially be higher than the rate that SP Group is offering, hence making a higher profit from their solar panel investments. In addition, trial participants have the ability to play an active role to contribute ideas and feedback with a like minded community to build Singapore's first peer-to-peer energy platform.

What is the duration of the SolarShare pilot?

SolarShare is a pilot with a contract duration of 6 months. At the end of the trial, participants can choose to continue with Senoko Energy or switch to SP Group or any retailer of their choice. Final result of the trial will only be announced at a later stage.

How many participants will there be for SolarShare?

This trial will open to a community of 100 consumers. If you are an existing Senoko Energy customers, you may write in to us at solarshare@senokoenergy.com to request for a change in plan type.

How is the electricity plan and pricing structured on SolarShare?

There are 2 plans tied to the SolarShare service – a Senoko Energy fixed rate plan called LifeConnect6 for non-sun hours, and a green energy plan that is determined via the solar energy marketplace.

LifeConnect6 is a six-month fixed rate base plan priced at 18.50 cents/kWh (inclusive of GST) for household residential consumers. For Corporate and SME customers, a customised rate will be given after we review your request on a case-by-case basis.

After signing up for the Senoko Energy fixed rate plan;

Prosumers can login to the SolarShare dashboard and set an asking price for the renewable energy that they generate.
Consumers will login to the SolarShare dashboard, filter through a list of Prosumers, and select one with an asking price that they agree with.

Do I need to change my meter to an advanced meter (AMI)?

For household consumers, a complimentary AMI meter will be provided for this trial. In order to track your energy usage, Electrify will contact you and install an Ampotech meter at your premise. All fees involving installation, removal, or collection of the equipment at your premise will be borne by us.

The Ampotech smart meter allows for real-time data tracking of your electricity consumption in 30-minute intervals. This is required to study usage patterns and determine energy demand and supply to assess the feasibility of this service.

For Commercial participants, we will need to assess your property type and scale to provide a quotation accordingly.

How do I access my dashboard data and what can I see?

Your energy consumption can be viewed on a dashboard provided. Within your dashboard, you can view an overview of your transactions, past transactions, energy consumption breakdown in real-time and your billing history. You will also be able to see the breakdown of your renewable energy matches between consumers & prosumers.

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