Note some of these trade types may not be available on through your retailer.
Instead of a single rate for electricity, trades are priced according to the source of the energy and executed between community members in four stages.
The first trades to be executed are called Contracted Trades and are used for our Deal Direct plans.
These are typically direct trades with large solar or wind farms
When you join a particular program there may be a Contracted Trade set up on Powertracer in advance by your retailer.
The Deal Direct offer is pre-accepted as a default so that if you are consuming energy and the wind or solar farm is producing enough energy, then you will get this energy first at the Deal Direct plan price.
The next trades to be executed are called Nominated Trades.
These are direct trades with people that you know
An offer to buy or sell is made (proposing a price)
This “offer” is sent to the other party and they either accept or reject it.
If it is accepted, then this trade is added to your sequence of preferred trades
You can have up to three accepted trades for both “Buy” and “Sell”. In the case of “Sell” trades you can set the priority or order in which you sell to your three buyers.
For example, this means you can prioritise an “energy gift to Grandma” above your trade with your neighbour.
The third stage of trades are called Community Trades. In this case the two parties don’t necessarily know each other.
Every community member can set their Community Trade prices on Powertracer. This involves setting the minimum sell price and the maximum buy price.
After the Contracted Trades and the Nominated Trades are executed, we match up the highest buy prices with the lowest sell prices available. When each seller’s exported energy is fully allocated we move on to the next lowest sell price and assign buyers until all the available Community energy pool is exhausted or there are no buyers left offering a suitable price.
The price for all Community Trades in a trading period (30 mins) is the same for all buyers and sellers in a community, however this will vary from period to period.
Finally, we assign the energy not traded within the previous trades to the Residual Trade with your retailer – at the normal energy rates, for energy imported and consumed, or generated and exported.
These trades will typically happen when there is not enough energy available from renewable sources to supply the community (for example, on still nights), or if your priced offers have not been matched with another community member.