Good day everyone,i would be writing on the ENERGY PREMIER PROJECT,like i introduced the last time click on this link https://steemit.com/energypremier/@adelekejustin01/introduction-to-energy-premier-the-future-of-electricity-trading in order to have an overview of it.Today i will be writing further on the following listed below;
- BENEFITS
- HOW IT WORKS
BENEFITS ASSOCIATED WITH ENERGY PREMIER
Major benefits for suppliers – delivered
1. Access a large pool of offer requests in one place:
Suppliers can access a large number of consumers, that have already expressed a willingness to buy by generating an offer request – all in one place
2. Transparent trader bidding in real time, authorized by the supplier:
Possibility to have absolute transparency into trading of supplier’s traders. The supplier has full managerial and authorization power over giving access and controlling their traders and agents
3. Automatic bidding for offers, in real time:
Through pre-defined criteria, a supplier can choose to bid in bids automatically – for each bid that satisfies the set parameters
4. Choice of criteria for various offer requests:
Suppliers can choose different criteria based on which they will find requests for offers and bids. This allows suppliers to set differing strategies for differing consumers or departments of traders, as well as to set relevant notifications
5. Creation of specific products for consumers:
Suppliers can create separate products (e.g. payment conditions, ways of calculating consumption limits, token-based bids, etc.) to offer through Energy Premier bids
6. Send large numbers of offers, quickly:
Instead of taking a long time to generate offers for each client through a paper based process, with customization for each client, suppliers generate an offer automatically through Energy Premier, through standardized inputs
7. Access to a variety of reports:
Energy Premier empowers suppliers with different reports. These reports cover both their performance on the platform, but also unique invaluable market insights and benchmarks
8. Option for free usage and testing:
Free use of platform with the ability to select additional packages for advanced services that Energy Premier offers
9. Minimal need for employees:
Suppliers can participate in the retail market with no need for employees
10. Ability to efficiently cover group requests:
Suppliers can access group-consumer requests. This allows them to access offers that would have been otherwise too small. Moreover, this way suppliers grow their customer base quicker.
Major benefits for consumers to generate greater consumer retention
1. Access a large pool of suppliers with a few clicks:
To get a lot of relevant offers – and attempt to lower their costs, consumers had to manage a communication-heavy process with all individual suppliers. Now, they access all of them in one place with few clicks
2. Define own conditions for offers from suppliers:
Consumers freely determine conditions and parameters (e.g. consumption, payment, period of supplying, etc.) under which they want to receive offers – thus increasing the relevance of their offer to what they wanted
3. Ability to determine the date when best offer should be received:
Easy to determine what is the date of bidding.
4. Only active and licensed suppliers can send offers:
Consumers avoid receiving offers from unregistered suppliers in process and are confident that they are compliant to rules and regulations, confirmed by smart contracts
5. Cheapest price in the market:
Because of the nature of Energy Premier – that it is a bidding platform where suppliers compete for consumers directly – Energy Premier as a platform offers cheapest prices to consumers. Opportunity to trade via blockchain
6. Full transparency and no corruption:
Through increasing transparency on pricing and deal-making, smart contracts, and by freeingup the process from “arm’s length dealing” – there can be no corruption
7. Automatic offer request creation:
Consumers can set parameters to create offer requests automatically. The consumer can always choose a better offer and sign the contract
8. Purchase variety of products through electricity bills:
Opportunity for consumers to purchase other products through e-commerce and pay through installments via their monthly bill – opening up blockchain to consumers
9. Creation of offer before expiry of contract:
Energy Premier can make sure a consumer’s contract offer is renewed and launched before the expiry of the previous contract – minimizing possibility that customer risks/ overpays supply
10. Ability to create group requests:
Group requests deliver two benefits to customers: A) ability to access more suppliers through increasing their relevant consumption size, and B) obtaining lower price by aggregating demand.
HOW IT WORKS
How Energy Premier works and what are the target users?
Energy Premier introduces a highly streamlined and structured process, utilizing blockchain and tokens, for all target categories
Streamlined process
Energy Premier streamlines the current process and creates a fast, low-cost, transparent end-to-end process for all users utilizing blockchain and tokens, for all target categories .
Process before Energy Premier
- Process steps that ENERGY PREMIER ELIMINATES
- Process steps that remain and made more efficient by ENERGY PREMIER.
HOW IT WORKS
CONSUMER
1. Sign up for free and create an account: Whether as individual or company you can create a request for offer. After approval by the administrator, your request will be forwarded to all licensed suppliers. After the first request you can choose the package that you will use as well as how you will use EPC tokens to help streamline your next energy contract. Consumers will also receive EPC tokens from 8% EPC token pools - one EPC token for each MWh that they bought through Energy Premier.
2. Create or join group request: When you create your request, it is necessary that you insert correct data about your point of electricity measurement and choose the commercial option you want. You can always choose to create an individual request, a group request or choose to join an existing group request. Group requests give higher chances for better offers from suppliers.
3. Receive notifications for created bids: All suppliers will get the same request and can choose to apply or not. You will always know how many suppliers chose to participate, and what price they gave on the date you have set as final for your request.
4. Check and review offers you received: On the day of the deadline you have set for obtaining an offer you will know which price is the best based on the inputs from your request. You won’t see which supplier offered exactly which price, but you will know what is the best price. In the process of bidding, each supplier is represented by a generated code.
5. Sign the offer and make a deal with your future supplier: When two minutes pass from the last offered offer, a decision is generated which contains the data about the request, a list of all the suppliers that participated and information for the supplier with the best price for the request. Utilizing smart contract features of EPC, you can choose which offer to sign. Option to pay utilizing crypto or fiat currency which immediately convert.
SUPPLIER
1. Sign up for free and create an account: Every licensed supplier of electricity can register for free & get requests for which to bid. After the first free offer, the supplier has to choose the package plan they want to use. The supplier also needs to have EPC tokens in order to participate in bidding sessions, and volume of EPC tokens they have determines the priority of time they set can a price. Suppliers will also receive EPC tokens from 8% EPC token pools - one EPC token for each MWh that they sold through Energy Premier.
2. Check available requests created from consumers: An administrator from the supplier decides whether the supplier will participate in bidding for an offer. In case they decide to participate, that request is automatically allocated to the trader authorized for such types of requests. The administrator can provide the minimum and maximum price with which the trader is willing to participate of the bidding.
3. Manage traders who bid for requests: Every supplier can create one or more traders in their profile that can be segmented by categories and that will participate with the offer for particular requests. Traders are in charge of following the requests they got the authorization for and in one day to bid with a price together with other suppliers.
4. Check your successful bids: Traders that are participating have a deadline of 2 minutes from the time of the best offer has been made to offer the best price with minimal difference. In those last two minutes, traders are watching what is the last best offered price, but cannot see which supplier offered it.
5. Make deals with consumers :When the last two minutes expire, the bidding process is automatically closed and a decision report is generated containing the data about the request, the suppliers that participated and their best prices. Such a decision report is sent to all participants in the bidding process and to the requester. Throughout the process, smart contracts manage the transaction data and ownership.
TARGET USER
There are two types of target users: consumers – who come to the platform to buy electricity and suppliers – who come to sell electricity.
CONSUMER
Typical profile: Registered company, electricity contract near expiration, typically managed by chief procurement officer of the company
Reasons for coming to the platform: Wants to explore potential for lower pricing and access the full electricity supplier market in competitive manner
Reasons for staying on the platform: Likes the user-friendliness, organized documentation, does not require any additional work-time to manage such a high number of offers & suppliers
Main features used: Generated a bid, checked past bids and offers, send/ receive transfers via blockchain/ tokens
Scale of customer potential base : All registered companies or individuals which consume electricity
SUPPLIERS
Typical profile: Authorized supplier, has a full team including sales, wants to reach the highest number of healthy paying customers
Reasons for coming to the platform: Can easily access the full customer base on the platform, does not require any additional resources to send thousands of offers. Wants to own EPC tokens
Reasons for staying on the platform: Enjoys the possibility to control access of their agents/ sales team, likes the organized approach to archive, loves the customer insights
Main features used: Participated in bids, automated offer sending, EPC tokens, send/ receive transfers via blockchain/ tokens
Scale of customer potential base: All Authorized electricity suppliers in a country
Other users include:
• Crypto world/ blockchain participants: to form their own applications based on EPC or extend their products to Energy Premier functionalities/ energy in general
• Government agencies: for understanding price movement, purchasing market reports, supporting a transparent market
• Banks: for supporting customers with credits for electricity or distributing credit loans through specific products
• Insurance companies: for providing suppliers with insurance for finance receivables
• Journalists: for market analysis, gaining the latest, real time insights into the market, understanding the future of the market .
PARTICIPATE IN THIS GREAT PROJECT AND BECOME PART OF A GREAT HISTORY.
THANKS FOR READING.
To know more about this platform;
visit the website: https://tokensale.energypremier.com/
join telegram group: https://t.me/tokensaleenergypremiercom
whitepaper link: https://tokensale.energypremier.com/whitepaper.pdf
my bitcointalk link: Bitcointalk.org/index.php?action=profile;u=1070043
facebook link: https://www.facebook.com/energypremier/
twitter link: https://twitter.com/EnergyPremierTS?lang=en
ANN/BOUNTY THREAD LINK: https://bitcointalk.org/index.php?topic=3043285.0