Looking for more solar energy to power your home or business? Introducing SolarShare: Singapore's first peer-to-peer (P2P) green energy trading platform where you can choose who to buy or sell your solar energy from, at your preferred price. As we continuously update our SolarShare, we strive to promote the use of more sustainable energy sources, like solar energy, in different communities within Singapore.
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.
Peter Huang, a fellow Singaporean who decided to live by example, began having solar panels installed at home and even on his car!
From learning about solar energy as a kid to wanting to build a brighter future for his son – he hopes to inspire more families in Singapore to embrace sustainable living by joining SolarShare and choosing solar energy.
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.
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.
Typically, Prosumers can sell their excess solar energy to the SP Group according to Uniform Singapore Energy Price (USEP). However, USEP does not offer differentiated costs for renewable energy. The USEP rate varies daily on a half-hourly basis and is historically trending. But with SolarShare, Prosumers now have the option to set their solar energy prices to like-minded communities in Singapore that also want to take advantage of solar power for more sustainable living.
SolarShare tracks the matching of near real-time energy generation and energy usage with smart meters. As a result, Prosumers can see the visibility of renewable energy demand and supply in Singapore so that they can determine their solar energy’s market price. Consumers will also be able to compare prices more efficiently to determine their preferred renewable energy source.
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.
