Localvolts believes that people are ready to take control of their energy needs – all they need is access to the markets and the tools to exercise their choice simply and transparently.
In the classic retail model, you are on the outside, with no control over the prices you pay, while your reatiler benefits from participation in the electricity market.
In Localvolts’ alternative retail model you are inside the market, with the ability to choose who you buy energy from, and at what price. Any other costs (e.g. distribution) are passed through to you at the wholesale rate, without any mark-ups.
If you also generate electricity, the Localvolts’ alternative retail model allows you to sell to other market participants at prices that you agree to, or back to the wholesale market at market rates.
Despite the proliferation of localised energy devices like solar photovoltaic generators, controllable appliances, and emerging battery storage technologies; and people’s preference for consuming energy from renewable sources, the modern electricity supply industry operates the same as before: control of the production, transportation, and retailing of electricity remains in the hands of a few corporations and policymakers.
In many countries, a significant number of households already make and export their electricity into the grid for use by their neighbours. Now, Localvolts will let these individuals decide at what price they wish to sell their energy, and to whom.
Similarly, consumers will be able to choose their own energy supplier, be it a neighbour, a friend, or a preferred generator in the country.
Interestingly, existing rules in fourty-two countries allow individuals to take control of their energy right now; it’s just that doing business in the electricity sector is very complex and very expensive, meaning one must be reasonably big to operate there.
Localvolts meets all the regulatory conditions, handles all the complexity inherent with being in the electricity industry, and provides an on-line platform where individuals can meet and trade electricity simply and transparently.
The Localvolts Market is open right now. Join us today!