News Brief
Tata Power DDL, Power Ledges Announces Launch Of Live Peer-To-Peer Solar Energy Trading Project
Solar panels are installed on the rooftop of an apartment building in Berlin, Germany. (Photo by Andreas Rentz/Getty Images)
In a first-of-its-kind pilot project, Tata Power Delhi Distribution Limited (TPDDL) and Power Ledger in collaboration with India Smart Grid Forum (ISGF) have announced the launch of live peer-to-peer (P2P) solar energy trading project in Delhi, reports Economic Times.
TPDDL is a power distribution utility serving a population of over 7 million in Delhi. It is a joint collaboration between Tata Power and the government of NCT of Delhi.
The ambitious project introduces the concept of energy trading to the residents of Delhi and can prove to be a major milestone in achieving India's ambitious renewable energy targets.
"Tata Power-DDL is focused towards building a ‘Utility of the Future' and transforming the power distribution space through innovative green technologies, collaborations and initiatives," Tata Power-DDL CEO Ganesh Srinivasan was quoted in the report as saying.
He further added, “with growing rooftop solar power being available, we believe that peer-to-peer solar power trading can offer customers the flexibility to buy green power from those who have solar power in excess of their own consumption."
A total of about 150 sites, including TPDDL's locations as well as their actual customers with solar generation (prosumers), will be utilise the platform to sell their excess energy to other residential and commercial sites in a dynamic pricing environment.
Moreover, consumers can select the seller (prosumer) of their choice to buy electricity from, while the Power Ledger's blockchain audit trail of energy transactions will provide near-time settlement and complete transparency throughout the entire process.
According to the report, the first pilot of its kind in Delhi currently in underway among 65 prosumers and 75 consumer sites in the capital.
"We have already done another successful pilot project in Uttar Pradesh. The results of these two projects should instill confidence in the regulators to draw appropriate regulations for scaling up of P2P trading of electricity in India," said Reji Kumar Pillai, President - India Smart Grid Forum.
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