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UTILITY WEEK | 26TH MAY - 1ST JUNE 2017 | 5 ENERGY Electron blockchain system can switch 'in seconds' Blockchain company Electron has developed a nationwide energy platform that it says can switch customers in seconds. Speaking to Utility Week, company director and former Npower chief executive Paul Massara said 22 independent suppliers have expressed an interest in the system, which can handle 55 million supply points. Massara said the company has been testing the system with dummy data and can switch customers in just 15 seconds. "You can see a customer go through without any settlement," he said. "This is not theory. We have a working model showing how we could do it." "At the moment, it takes 21 days," added Massara. "What you really want is quicker and more accurate switching, with lower costs. Blockchain can do all that because it can switch suppliers with meter points, so you don't have all the reconciliation issues." The co-founder and chief operations officer of Electron, Jo-Jo Hubbard, said the next step was to run tests on suppliers' real production systems. 1.2GW Capacity of the £1.1m subsea transmission line being laid by SSE across the Moray Firth. 21% Reduction in sewer flooding in Severn Trent's area in 2026/17. A lorry was crushed on the autobahn in Germany after a 62-metre wind turbine blade went spinning across the road. The 16-tonne blade was being carried by truck to a windfarm in Hasselbach when another lorry crashed into the back of the transporter on a slip road. The blade was then knocked off the truck and spun across the carriageway, ploughing into several vehicles. Photo: Christian Mathiesen/DPA/PA Images HEAD TO HEAD: GREEN VERSUS MCDONNELL "You certainly do, don't you, as you were one of those people who made a fortune out of the water industry" John McDonnell, shadow chancellor "You don't understand capitalism" Damian Green, work and pensions secretary The Conservative and Labour frontbench spokesmen engaged in an ill-tempered exchange on the BBC's Andrew Marr Show, 21 May ➟