BSES Launches Blockchain Platform for Peer-to-Peer Solar Power Trading

In a major surround-friendly digital initiative, Delhi electricity distribution visitor (discom) BSES on Wednesday appear that BSES Rajdhani Power Ltd (BRPL) has partnered Australias Power Ledger, a global leader in blockchain technology, to launch consumer-to-consumer (peer-to-peer or P2P) solar power trading on a trial basis.

A BSES statement said that Ability Ledger's blockchain-based platform can enable consumers even without rooftop solar, to trade ability between themselves. According to the visitor, BRPL has, thus, go Bharat'due south first discom to utilise a blockchain-based platform for P2P solar trading.

"A feasibility study has been successfully undertaken. The offering will rolled-out, once the regulatory approvals are in identify", it said. "The pilot project will initially be carried-out among the existing and select group of gated community (CGHS) solar consumers in Dwarka who generate effectually five-6 MW of solar-power. These consumers will be able to merchandise solar power their neighboring apartments and buildings using this platform rather than letting it spill-back to the grid".

Consumers with rooftop solar infrastructure can sell their backlog solar energy to their neighbours even if they don't have rooftop solar, using the energy trading platform. "Thus, even consumers who don't have roof-acme solar will do good by purchasing cheaper and cleaner electricity, compared to the slab-rate of the discom, which equally consumer they would otherwise have to pay", information technology said.

P2P surplus solar power trading among consumers connected to the same distribution transformer is expected to upshot in optimal loading of the distribution transformer (DT). "The platform volition give BRPL admission to a cost-effective energy alternative during the times of height demand pricing. Apart from this, the discom volition also benefit by not having to purchase solar energy exported to the grid, proceeds acquirement through transaction fee and wheeling charges equally also create and actively engage in a two-way positive relationship with its consumer basdue east" the statement said.

At that place is no specific hardware device or investment required to sign up to the blockchain-based platform. "This technology is a transactive layer that utilises close to real-time information from smart meters to facilitate the P2P trading environs. All that is required is access to solar ability infrastructure – solar power panels installed on the roof of the business firm, or solar ability infrastructure within the consumers' community", it added.