Texas Licence Saves Dollars Buying Electricity On the Ethereum Blockchain

in #blockchain6 years ago

Electricity in Texas is about to get cheaper thanks to Public Utilities Commission of Texas’ (PUCT) approval of a REP license to company Grid+, writes Bitrates.

The Grid + token, once issued will reportedly reduce electricity costs to the customer using the Ethereum blockchain, meaning consumers will now be able to access wholesale energy markets.

As one commentator observed before blockchain became the focus of many energy companies, “Solar technology and battery storage are important. But what has been missing is a technology on which to organize, coordinate and secure a true peer-to-peer power grid.”

To read the full article go to: https://bitcoinnews.com/texas-licence-saves-dollars-buying-electricity-on-the-ethereum-blockchain/

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