Solar Power Trading Models for Restructured Electricity Market in India
Solar PV is an emerging power source of modern times and its capacity is growing day by day. The increasing penetration of solar PV into grid makes it necessary to develop the electricity trading models and mechanisms for operation of evolving electricity market. This paper proposes some new power trading models for the Indian electricity market having good share of solar PV power which possibly may result in quality power, better demand management and competitive price. The highlights of the proposed models along with their limitations and challenges ahead are also outlined. The various proposed models may be applied in different states based upon their suitability.
Comodi, G. et al. (2015). Multi-apartment residential microgrid with electrical and thermal storage devices: Experimental analysis and simulation of energy management strategies. Appl. Energy, 137: 854-866.
EEST (2018). Technical Overview of Electrical Energy Storage Technologies. Accessed March 20, 2019 https:// www.iec.ch/whitepaper/pdf/iecWP-energystorage-LR-en. pdf.
Energy Technology Perspectives (2016). Towards Sustainable Urban Energy Systems, Paris, France.
Fleischhacker, A., Auer, H., Lettner, G. and A. Botterud (2019). Sharing Solar PV and Energy Storage in Apartment Buildings: Resource Allocation and Pricing. IEEE Transactions on Smart Grid, 10(4): 3963-3973.
Koraki. D. and K. Strunz (2018). Wind and Solar Power Integration in Electricity Markets and Distribution Networks through Service-centric Virtual Power Plants. IEEE Power & Energy Society General Meeting (PESGM), Portland, OR, 2018.
Ministry of New and Renewable Energy (2018). Programmes and technology. Accessed July 20, 2018 https://mnre.gov. in/solar
Ministry of New and Renewable Energy (2019). Grid connected solar power Rooftop – State Policies and SERC Regulatory/Tariff Order. Accessed September 16, 2019 https://mnre.gov.in/grid-connected-solar-rooftop-states-policies-and-sercs-regulatory-tariff-order
Pentayya, P., Mukhopadhyay, P., Chakraborty, G. and N. Ahmad (2012). A perspective of power market development in India – Market Design and operation.
Qureshi, S.A. and F. Mahmood (2009). Evaluation by Implementation of Distribution System Planning for Energy Loss Reduction. Pak. J. Engg. & Appl. Sci., 4: 43-55.
Solar Power Purchase Agreement (2019). Accessed March 20, 2019. www.seia.org/
State Electricity Regulatory Commissions (2019). Accessed January 20, 2019 http://www.cercind.gov.in/serc.html
State Load Dispatch Centre, Delhi (2019). Accessed February 25, 2019. http://www.delhisldc.org/
Tripathi, M.M., Pandey, A. K. and D. Chandra (2016). Power system restructuring models in the Indian context. The Elecricity Journal, 29: 22-27. doi: 10.1016/j. tej.2016.05.002.
World Data (2018). Energy Consumption in India. Accessed August 28, 2018. https://www.worlddata.info/asia/india/ energy-consumption.php