UP becomes first state to bring blockchain-enabled solar power trading: Report

Uttar Pradesh becomes first state in the country to bring blockchain-enabled solar power trading. The state government has reportedly introduced the blockchain technology to the rooftop solar power segment, allowing consumers to trade their surplus solar energy.

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

According to reports Phase-I of the pilot project is expected to be completed in six months.

The pilot project will demonstrate the technical feasibility of peer-to-peer energy trade between rooftop solar photovoltaic (PV) power consumer using the modern blockchain technology, reports Business Standard.

 UPPCL and UPNEDA are being guided India Smart Grid Forum and Power Ledger.

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

The publication notes that 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.