UP launches P2P trading platform for rooftop solar power producers
Uttar Pradesh has become the first in India and South Asia to launch the block chain-enabled peer to peer (P2P) trading platform for rooftop solar power producers.
Such power producers are also the consumers of solar power.
The Uttar Pradesh Power Corporation Limited (UPPCL) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) are hosting the first-of-its-kind pilot project involving energy generated from solar rooftop systems installed on buildings in Lucknow. India Smart Grid Forum along with two other organisations will execute the project.
In 2019, state power regulator Uttar Pradesh Electricity Regulatory Commission had approved a pilot project for transactions of power from rooftop solar systems using block chain-based technology.
