The Uttar Pradesh government has introduced blockchain technology to its rooftop solar power segment and is the only state that has amended its regulatory framework to enable controlled peer-to-peer (P2P) energy trading in India. The pilot project was implemented by India Smart Grid Forum (ISGF) and Powerledger, and hosted by state power utility Uttar Pradesh Power Corporation Limited (UPPCL) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
Peer to peer blockchain trial in India
Recognised by the World Summit Awards (WSA)
Lower than the retail tariff for peer to peer market buy price
Total installed (electricity) capacity
The pilot project has demonstrated the feasibility of Powerledger’s platform to trade energy from rooftops with solar power to neighbouring households/buildings.
Powerledger’s blockchain-enabled platform was utilized to record transactions. The implementation of Powerledger’s xGrid technology has led to the energy market buy price to be 43% lower than the retail tariff, further incentivizing the uptake of distributed energy resources.
With the national aim to increase solar energy by 1,000% until 2022, Powerledger worked to provide valuable opportunities to UPPCL to learn how best to implement all aspects of our blockchain-enabled P2P electricity trading platform.
Through this pilot project, Powerledger has been able to define the network tariff that will support the wider rollout of P2P electricity trading across the state. As a result, UPPCL was able to understand the impacts that P2P trading has on the electricity distribution network.
Following the successful pilot led by Powerledger, the Uttar Pradesh Electricity Regulatory Commission (UPERC) issued a tariff order, directing all the utilities in the state of UP to implement P2P energy trading. In achieving this, affordable electricity can be distributed to the unelectrified population, usually rural parts of the state, improving the economic welfare for the citizens of UP.
In 2022, Powerledger was announced as a winner of the World Summit Awards (WSA), in the Environment and Green Energy category for the UP project. Powerledger and its partner ISGF successfully demonstrated how content-driven digital solutions decisively support societal challenges and assist in achieving the United Nations Sustainability Development Goals.