The idea in brief

For anyone short on time. The whole model on one screen, without the reasoning that follows in the rest of the manual.

---

What it comes down to

At the Central Bank of Electricity Reserve, one coin is backed by one kilowatt-hour genuinely sitting in a battery. Not a promise and not an exchange rate, but charge that a sealed meter can read off.

That is where it differs from the euro. A euro comes into being when a bank issues a loan: out of nothing, backed by the promise to pay it back. A CBER coin comes into being when electricity goes into the reserve, and disappears when it comes back out.

That full backing is the goal, not the current state. Until then a coin is a claim on a proportional share of the reserve, at the current backing ratio. How far along we are, you can read off below.

---

What happens when the backing shifts

Fully backed

🔋 Stored electricity10.0M kWh

measured in batteries and reservoirs

🪙 Coins in circulation10.0M CBER

every claim anyone holds

Backing ratio

1.000

100% backed

🔌 At the socket

1 CBER = 1.000 kWh

what one coin actually delivers

🛡️ Running first gains nothing

Redemption is calculated live against the meter. Running first yields no extra energy; every coin holder keeps their exact pro-rata share.

What it delivers

The printing press cannot be run quietly. More money means more electricity in the batteries. Anyone minting without electricity behind it watches the backing ratio drop, and that ratio is public. On top of that, every issuance is published per period as a percentage of the total, with hard caps on it (at most 5 percent per emergency mandate and 10 percent per twelve months) and a recovery path that locks the mint press automatically the moment it is missed. Printing extra is possible; printing extra unnoticed is not.

A bank run loses its sting. A bank today holds only a fraction of its deposits. If everyone asks for their money at once, it turns out not to be there. Here everyone redeems at the same meter rate, so redeeming does not change the backing and running gains nothing. Settlement happens against the next audited meter reading, never a stale one, and whoever has already redeemed and is waiting for delivery gets no priority: if the booked reserve falls, that queue is written down by the same factor as the balances that do pay into the leak (the Basic Pulse is leak-free and carries nothing). One limit stays physical, because kWh is not kW: so next to the backing stands how much power is callable at once, with a public queue in which the Basic Pulse goes first.

Nobody is ever in anybody's debt. Money here does not come into being through a loan, so loans, instalments and mortgages do not exist either. You buy a thing, you rent it, or you build up ownership in it piece by piece. Negative equity cannot happen, because you never owe anything.

Money standing still slowly drains. Batteries leak, and every conversion along the way costs something as well. That is physics. Rather than hide it, the system passes it on: all measured losses together are deducted from the luxury balances, at a single rate that is not chosen but rolls out of the meters. Money therefore goes to work, trade or new generation sooner than to an account where it stands still.

---

Two kinds of balance

The household budget splits into two flows, and they work differently.

	The Basic Pulse	The Luxury Capacity
What it is	An unconditional right to electricity for daily life: warmth, light, cooking, housing	The tradeable coin, for everything beyond that
Tradeable	No, and it cannot be taken away	Yes, freely transferable
Lifespan	Runs like a tap at a fixed rate, does not build up	Stays, but shrinks with all measured network losses
Comes from	An allocation to every citizen, paid from the purchase margin on new storage	Net storage of electricity, at the price out of the auction

Housing cost runs at that same rate, but the money does not go straight to your landlord. That tied together your person, your address and your payment stream, and disclosed your subsistence status to the party with the most power over you. In the field test it is an energy-cost guarantee on your own bill, or, if you have none, a payout that only you control. The full rent guarantee is an end goal (the Horizon): it only switches on once the backing carries it. During the build-up its form is an energy cost guarantee or a euro subsidy with kWh indexation; the daily Basic Pulse stays unchanged.

That guarantee is a duty towards the resident, not a possession of the landlord. So the landlord holds no promised income stream that he can sell or pledge: he receives for as long as he houses somebody, and no longer.

---

Watt for watt

For a household it comes down to this. Right now your solar surplus goes to the energy company, you get cents for it, and in the evening you buy that same electricity back expensively: twice through the euro, with a toll gate in between. In CBER that surplus is settled directly with your neighbours. Watt for watt, without the currency hop.

---

How it would be introduced

Not in one go. The system can grow alongside the euro.

Phase 0, building up. A public reserve is created and the backing ratio can be followed in the open. The coin runs as an ordinary fiat currency next to the euro while the backing climbs from zero. Redemption is not possible yet, and that is stated plainly.

Phase 1, the guarantee. At full backing the existence guarantee switches on: from that moment every coin is redeemable against electricity from the reserve.

Phase 2, across the border. Countries holding the same backing and the same Basic Pulse can link their reserves administratively for trade between them.

---

The 10-Year Growth Roadmap

Phase 0 → Phase 3

Fase 0: Meter + Solar Park (Phase 0) (Year 0-1)

Commences with 1 local solar park and battery reserve. Backing ratio steadily climbs from 0% towards 1:1. The full vision in miniature.

Who runs it

The reserve sits with people themselves. Home batteries and electric cars are rented to the central bank through an open connection. Whoever joins in manages a piece of the reserve and is paid for it. The storage is therefore not in one vault but spread across thousands of sheds and garages.

It adds up, and that can be checked. The ledger publishes system levels and never account levels: your balance, your payments and your place in a queue never enter it, in any form and not even pseudonymously. Of your own entries you receive a private proof that they were counted correctly. At village scale an ordinary member cannot recompute the sums (the series that would allow it point at exactly the people they should protect), so an independent auditor and co-signing witnesses do that. When full public recomputability returns does not depend on a participant count but on how spread out the holdings are: only once the largest anonymous holding stays below a fixed threshold for twelve months.

The rules change slowly. Adjustments to rates or to the size of the Basic Pulse go through a slow, public procedure and expire automatically if nobody renews them. That makes it hard to quietly push something through.