UK’s first P2P renewable energy trading platform launches

Renewables trading platform Piclo has launched this week with Cornwall’s Eden Project botanical gardens as one of its first customers.

The UK’s first peer-to-peer energy platform is a collaboration between cleantech innovator Open Utility and renewable supplier Good Energy, designed to create a marketplace for generators and buyers of renewables.

Hydro, solar and wind generation sites from across England, Scotland, Wales have already signed up, including a number of National Trust properties.

Piclo, which is launching as a six-month trial, takes in price and preference information and then matches demand with supply every half an hour of the day.

To ensure that the marketplace balances out, Good Energy will buy up any surplus energy generated and provide top-ups from its own network when supply is short.