#**PowerLedger Collaborates With EVNCPC For Vietnam’s First P2P Energy Trading Project**

On March 29, Australian energy trading technology company Powerledger announced on Tuesday that it would collaborate with Vietnam’s Electricity Central Power Corporation (EVNCPC) to launch Vietnam’s first peer-to-peer (P2P) energy trading project at the Australia Vietnam Energy Transformation Forum.

Powerledger cooperates with EVNCPC, Vietnam Electric Power Company, to launch a blockchain point-to-point energy trading project

**Introduction**

PowerLedger, a leading Australian energy trading technology company, has recently announced its collaboration with Vietnam’s Electricity Central Power Corporation (EVNCPC) to launch Vietnam’s first peer-to-peer (P2P) energy trading project. This project is set to bring about significant changes to the country’s energy landscape, with the aim of providing cheaper and more sustainable energy solutions to its citizens.

**The Need for P2P Energy Trading**

Vietnam is currently facing a growing demand for energy due to its rapidly expanding economy and population. However, traditional energy sources, such as coal and gas, are limited in supply and have negative impacts on the environment. In light of this, renewable energy sources such as solar and wind energy have been identified as a more sustainable way forward. However, the adoption of these sources has been slow due to several challenges such as the high initial investment costs, regulatory frameworks, and limited financing options.
To address these challenges, P2P energy trading has emerged as a viable solution. P2P energy trading enables individuals and businesses to trade energy directly with each other via a blockchain-based platform, thus bypassing the need for traditional electricity retailers. This process allows for cheaper energy costs and promotes the use of renewable energy sources by providing access to a wider market of buyers and sellers.

**PowerLedger’s Role in the P2P Energy Trading Project**

PowerLedger is a pioneer in the P2P energy trading industry, having developed a blockchain-based platform that enables consumers to buy, sell, and track renewable energy in real-time. The company’s platform is designed to be flexible, modular, and scalable, making it ideal for implementation in different markets and geographies.
Under the collaboration with EVNCPC, PowerLedger will provide its energy trading platform to enable Vietnam’s citizens to buy, sell, and trade renewable energy directly with each other. The platform will be integrated with EVNCPC’s existing energy infrastructure to enable seamless transactions and a secure trading environment.

**Benefits of the P2P Energy Trading Project**

The P2P energy trading project is set to bring about significant benefits for Vietnam’s citizens, such as:

#1. Cheaper Energy Costs

P2P energy trading provides a decentralized energy marketplace that eliminates the need for traditional electricity retailers, resulting in lower energy prices for consumers. With PowerLedger’s platform, consumers can buy and sell energy at market prices, reducing their energy bills significantly.

#2. Increased Access to Renewable Energy

P2P energy trading promotes the use of renewable energy sources by providing a larger market for buyers and sellers. This process encourages the installation of more renewable energy infrastructure, resulting in increased adoption of sustainable energy sources.

#3. Improved Sustainability

The P2P energy trading project enables individuals and businesses to participate in the transition to more sustainable energy sources. With PowerLedger’s platform, consumers can easily track the source and type of energy they are buying or selling, promoting transparency in the energy market.

**Conclusion**

The collaboration between PowerLedger and EVNCPC is set to revolutionize Vietnam’s energy landscape by enabling P2P energy trading in the country. This project will provide a decentralized energy marketplace that is cheaper, more sustainable, and more accessible. With the provision of a blockchain-based platform by PowerLedger, the project is set for success and leaves ample opportunity for it to be replicated in other emerging economies.

**FAQs**

#1. How does P2P energy trading work?

P2P energy trading enables individuals and businesses to trade energy directly with each other via a blockchain-based platform, thus bypassing the need for traditional electricity retailers. This process allows for cheaper energy costs and promotes the use of renewable energy sources by providing access to a wider market of buyers and sellers.

#2. What is PowerLedger’s role in the project?

PowerLedger will provide its energy trading platform to enable Vietnam’s citizens to buy, sell, and trade renewable energy directly with each other. The platform will be integrated with EVNCPC’s existing energy infrastructure to enable seamless transactions and a secure trading environment.

#3. What are the benefits of P2P energy trading?

P2P energy trading provides a decentralized energy marketplace that eliminates the need for traditional electricity retailers, resulting in lower energy prices for consumers. It promotes the use of renewable energy sources by providing a larger market for buyers and sellers, encourages the installation of more renewable energy infrastructure, and enables individuals and businesses to participate in the transition to more sustainable energy sources.

**Keywords**

P2P energy trading, renewable energy, sustainable energy, blockchain-based platform, cheap energy, energy marketplace, traditional electricity retailers, PowerLedger, EVNCPC.