India : UP govt introduces blockchain to allow trading of surplus solar power

State power utilities UPPCL and UPNEDA have launched an ambitious pilot in select government buildings in Lucknow that have installed rooftop solar power plants

The Uttar Pradesh government has introduced the blockchain technology to the rooftop solar power segment, allowing consumers to trade their surplus solar energy.

Two state power utilities — UP Power Corporation Limited (UPPCL) and UP New and Renewable Energy Development Agency (UPNEDA) — have launched the ambitious project as a pilot in select government buildings in Lucknow with installed rooftop solar power plants.

According to state energy watchdog UP Electricity Regulatory Commission (UPERC), Phase-I of the pilot project is expected to be completed in six months.

The pilot project drafted by UPPCL and UPNEDA will demonstrate the technical feasibility of peer-to-peer energy trade between rooftop solar photovoltaic (PV) ‘prosumers’ using the modern blockchain technology. Power consumers who also produce electricity through rooftop solar PV system are referred to as ‘prosumers’.

They are being assisted by India Smart Grid Forum, a public private partnership (PPP) initiative of the Union power ministry, and Power Ledger, a global leader and provider of blockchain-enabled energy trading platform.

The UPERC, during a hearing of the petition filed jointly by UPPCL and UPNEDA, had recently approved the pilot.

Meanwhile, the Commission has directed UPPCL and UPNEDA to submit a detailed report on the outcome of the pilot, to fine-tune the contour of regulations and trading rules accordingly, and then replicate it at a broader scale in the state.

Earlier, UPERC, with a view to promoting innovations and peer-to-peer energy transactions/trade using blockchain, had notified the UPERC (Rooftop Solar PV Grid Interactive systems Gross/ Net metering) Regulations, 2019, in January 2019.

In fact, UPERC claims to have pioneered in the field of such innovative regulations in India.

 

Source : https://www.business-standard.com/article/economy-policy/up-govt-introduces-blockchain-to-allow-trading-of-surplus-solar-power-119112601118_1.html

SMART GRID Bulletin November 2019


View all SMART GRID Bulletins click here


S
M
T
W
T
F
S
01
02
03
04
05
06
07
08
09
10
10 December 2019
11
11 December 2019
12
12 December 2019
13
14
15
16
17
18
19
20
20 December 2019
21
21 December 2019
22
22 December 2019
23
24
25
26
27
28
29
30
31
01
02
03
04