Blockchain

BSES Rajdhani Power Ltd Ties Up With Australias Power Ledger to launch P2P

In a big move, the Delhi Electricity distribution company (discom) BSES has declared that BSES Rajdhani Power Ltd or BRPL has tied up with Australias leading Power Ledger company to launch consumer- to- consumer also known as P2P solar trading on an experimental basis. The partnership between BRPL and Power Ledger took place here on Wednesday.

Power Ledger has emerged as a world leader in blockchain technology.

BSES has also released a statement in this regard which claimed that the Power Ledger’s blockchain-based platform would allow consumers to buy and sell power between them without any rooftop solar.

As per the company’s claim, BRPL has now emerged as India’s only discom to make use of a blockchain-based platform for P2P solar trading.

Customers with the availability of rooftop solar infrastructure will be able to sell their additional solar power to their neighbors even in the absence of rooftop solar simply by using the revolutionary energy trading platform.

A study to check the viability of the move has also been undertaken successfully. Soon after securing the necessary regulatory approval, the offering will be made available. The pilot program will first be made available for a specific group of a gated community or CGHS solar customers based in Dwarka. They produce approximately 5-6 MW of solar power. These customers will be allowed to buy and sell solar energy to the neighboring societies and building using this platform instead of allowing it to spill back to the grid, according to the statement released by BSES.

Therefore, the customers, who lack roof-top solar will gain an advantage by simply buying economical and cleaners electricity.

The platform will give BRPL access to a cost-effective energy alternative during the times of peak demand pricing. Apart from this, the discom will also benefit by not having to purchase solar energy exported to the grid, gain revenue through transaction fee and wheeling charges as also create and actively engage in a two-way positive relationship with its consumer base,

the statement said.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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