One of the main concerns here at Restart Energy is creating a more efficient and transparent energy trading system. To that end, we’ve taken out all intermediaries from the equation and connected consumers directly to energy producers — thus, the Restart Energy Democracy Platform (RED-P) software, enables both parties to enjoy the powerful mutual benefits of P2P trading. For producers, joining the platform means being able to sell their output at a 30% higher rate. Meanwhile, consumers will benefit from the freedom to choose, the freedom to switch, and the perks of purchasing energy at a 30% lower rate.

These savings are a direct result of RED’s infrastructure that removes the need for unnecessary middlemen. Using RED-P, both parties will enjoy financial benefits while also having the opportunity to take advantage of countless tools at their fingertips. RED-P also opens up new doors to green energy, as it enables consumers around the world to tap into energy being produced from anywhere — and to choose how much of their energy should be from renewable sources, up to 100%.

All of this is possible thanks to the growing percentage of the energy market that is becoming deregulated.

Deregulated vs. Regulated

In a recent interview, CEO Armand Domuta explained the differences between deregulated and regulated energy markets.

“In a regulated market, there’s just one single company that handles all the activities, from energy production, to transporting the energy and to supplying it to your household.”

On the other hand, deregulated markets, like those that exist in Europe and the United States, work differently and give consumers much more freedom.

“In deregulated markets […] these activities have been unbundled, meaning there’s a separate company for each activity. You can find energy producers. You can find transport companies, which is usually also the system operator. You can find distribution companies […]”

To date, more than 35 countries have adopted a deregulated energy market model, which makes up about 44% of the world’s total energy consumption. That figure is on the rise, as more and more countries choose to deregulate their energy markets — opening them up to competition and other free market forces, benefiting both dynamic companies and the end user.

Distribution & Supply Companies

Armand also went on to clarify the differences between the many companies that play a role in getting energy from the producer to the consumer.

“Distribution companies have to operate a distribution network […] and they meter the energy that passes through their grid. Supply companies, like we are, we buy energy from renewable energy producers, we pass it through the grid, and we invoice it to the end customer.”

Why Does It Matter To Consumers?

This information can prove very valuable to anyone living in an area that has been deregulated. Armand went on to state: “A lot of people don’t realize that, since the market has been deregulated, they can actually change their supplier. This doesn’t involve changing the grid or changing the meter, it’s an administrative change. They can choose another supplier that can offer them cheaper and greener energy.”

Deregulated energy markets allow private companies to compete, which brings down costs for consumers. It also allows disruptive companies like Restart Energy to thrive in a way that not only makes energy more affordable, but also opens up the doors to a greener, more sustainable energy future.

RED — Send and receive energy, worldwide.