On December 18, the renewable energy developer BCPG which is backed by Thailand Government, has made an announcement stating that it partners with Power Legder in aim to bring peer-to-peer renewable energy trading to Thailand.
— Power Ledger (@PowerLedger_io) 18 December 2017
As it was stated in the official announcement Power Ledger energy-trading platform will be used to let building managers trade renewable energy from solar panels installed on each building with autonomous financial settlement enabled via the use of a secure banking interface.
BCPG is currently in a process of selecting a bank in Thailand which will provide financial settlement for peer-to-peer energy transactions in Asia.
This will help reduce the government’s investment in building large-scale power plants to meet the growing demand for electricity and at the same time offer customers and consumers a greater choice of electricity from renewable energy in the form of Peer-to-Peer energy trading.
The price of Power Ledger has started to rise rapidly following the news, having grown 5% within one hour which led to the numbers of 55% increase within past 24 hours and 107% within past 7 days. Power Ledger has exceeded the price of $1 at 06:15 UTC on December 18.
Power Ledger Charts
At the moment of press, the coin continues to grow in price and those are main market parameters of Power Ledger:
- Average price: $1,13
- Marketcap: $399 344 162
- 24h volume: $134 390 000