
Delhi is set to roll out a mobile app-based system for trading electricity, allowing residents to buy and sell solar power directly with each other. This initiative, under the framework of virtual net metering, enables users to sell excess solar energy at competitive rates and collectively use electricity from a shared solar plant. To participate, consumers must have smart electricity meters.
How Virtual Net Metering Works
The Delhi Electricity Regulatory Commission (DERC) has issued guidelines for virtual net metering, instructing all three electricity distribution companies in Delhi to select 1,000 consumers each to participate initially. Through the mobile app, consumers can set electricity rates, monitor usage, and trade power directly with peers.
Virtual net metering allows solar power generated at one location to be distributed among multiple users. It particularly benefits consumers who do not have space for rooftop solar panels, enabling them to access renewable energy produced elsewhere.
Example in Practice
For instance, 20 residents of a building could jointly install a common solar plant on a vacant plot. The electricity generated would be credited to each participant’s smart meter according to their consumption, allowing everyone to benefit from the shared installation.
Benefits of Virtual Net Metering
- Revenue for Solar Producers: Consumers generating surplus solar electricity can sell it and earn money.
- Cost Savings for Buyers: Participants purchasing electricity can access it at rates lower than standard government tariffs.
- Convenient Digital Management: The mobile app acts as a central hub, ensuring transparency and efficiency in peer-to-peer energy trading. Buyers can track cost savings compared to traditional electricity rates, while sellers can monitor their earnings in real time.
This system will allow neighbors to directly trade electricity, making solar power more accessible and promoting clean energy adoption across the city.
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