The Alpha testSynergy is Electrify’s ground-breaking vision of peer-to-peer (P2P) energy trading platform, which connects energy producers and consumers without a middle men, across a main grid. Synergy Alpha Test commenced in November 2018 in Singapore, featuring 15 participants – 12 consumers and 3 producers. Profile diversity and geographical distribution were considered to provide for different use-cases, limited to Singapore-based consumers. The goal of Synergy Alpha Test was to demonstrate the technology behind Synergy, by simulating an end-to-end use case for P2P energy trading through the city’s main electricity grid and market. In January 2019, Synergy Alpha Test was successfully concluded, allowing participants to access customisable dashboards to view their production, consumption and energy supply plans. This enabled the participants to experience first-hand our ground-breaking simulated smart energy ecosystem, from registration to customer billing. In the next iteration of Synergy – the Beta – we will refine the current interface for an improved user experience and implement additional features, incorporating feedback from the Alpha.
How it works
Through our proprietary matching algorithm, Synergy will create producer-consumer matches in real-time to ensure all produced solar energy will be fully utilised. By doing so, producers are given supply certainty, which in turn encourages fair prices for solar power for consumers.
Unique 1:1 matching between consumers and producers. The producer’s output is allocated to a designated consumer under the agreed contract parameters
Excess production and unmet consumption will be matched on a period-by-period basis based on price only; Tier 1 contracts will not be affected by Tier 2 matching
Benefits of Synergy
A user-friendly interface to facilitate buying and tracking of real-time energy consumption and supply. Wider geographical reach and diversification. Connect to producers islandwide via the main grid to maximise geographical reach and diversification.
Flexible market mechanism. Access to a flexible market mechanism; find and manage contracts with consumers without breaking a sweat. Maximised earnings. Maximise your earnings of renewable energy to consumers through our matching algorithm. Price stability. Fixed price contracts offer price stability.
Greater Energy Selection at Fairer Prices. With Synergy, consumers can purchase power directly from small-scale solar power producers, eliminating the middlemen and reducing energy costs for everyone.
The Best Returns on Your Solar Panels. Turn excess energy generated into a stable revenue. For the first time ever, producers who own rooftop solar panels can sell energy to anyone—friends, neighbours, even strangers—across a city-wide grid.