Renewable energy is now within the reach of the public. We live in a world where solar panels occupy many rooftops but despite all the great advantages of using renewable energy, there is one challenge that still holds back the transition to more renewable sources. Power units that use resources like solar and wind power respond to changes in demand very poorly. There is a solution to increase reliability and maximize the utilization of renewable energy by automatically trading generated energy between prosumers on the same grid. A system installed on the smart meter of every prosumer connects to a peer-to-peer network of smart meters and automatic energy trading takes place among the meters with the goal of balancing the grid through an optimized series of trades, making profit for participants, minimizing the waste in generated energy, and fulfilling deficit with renewable energy rather than relying on fossil fuel backup.

The system aims to to reduce wasted energy by enabling prosumers to automatically sell their excess renewable energy to others who may need the extra energy. This in turn promotes the use of renewable energy sources. By automating these transactions, prosumers benefit from potential cost savings or earning opportunities, while simultaneously contributing to grid stability by balancing supply and demand within a local area.

The proposed system can be embedded on the smart meter or installed as middleware between the meter and the smart grid. All meters with the same system will be connected to the existing smart grid. The system will be listening to inputs of energy generation from the renewable energy source of the unit and energy demand from the connected appliances. The system will also govern the usage of the national grid, where the system only allows it when demand cannot be met by the smart grid.