Introducing SolarShare: 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.
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.
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.
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.
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.
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.
View our e-brochures for an overview of SolarShare and how it can benefit the community.
We invite you to be the first in Singapore to join SolarShare for our 6-month pilot in Q3 2020 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!
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.
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.
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.
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;
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.