INDIA PEER TO PEER BLOCKCHAIN POWER ELECTRICITY TRADING INDIA P2P SOLAR WIND ENERGY TRADING BLOCKCHAIN RENEWABLE ENERGIES
WHAT IS P2P ENERGY TRADING VIA BLOCKCHAIN IN INDIA ?
In India, P2P (Peer-to-Peer) blockchain energy trading is by definition selling and buying energy, mainly power between two Indian parties which can consists of two small Indian producers of solar energy and consumers at the same time using the blockchain technology.
In India, P2P blockchain energy trading mainly affecting solar energy is dedicated to sell any excess of solar power which is needed by a small Indian producer to an Indian electricity consumer via a secure blockchain system.
In India, peer-to-peer blockchain power trading is a good alternative for Indian small energy producers whom excess solar energy is injected to the Indian grid for a small price and P2P allows them to become independent.
In India, a P2P blockchain power trading market can be setup not only locally among neighbours who got solar cells on their roofs but also on a regional basis or countrywide with the advantage that blockchain avoids to involve any Indian central authority that monopolizes the power network, which makes energy trading via blockchain more cost-efficient and decentralized.