In a landmark move towards promoting renewable energy adoption and enhancing consumer choice, the Delhi Electricity Regulatory Commission (DERC) has introduced the Peer-to-Peer Energy Transaction Guidelines, 2024. These guidelines enable consumers and eligible consumers to engage in direct energy exchanges through digital platforms or with the distribution licensee. This initiative not only encourages embedded generation within the distribution network but also opens avenues for additional income through innovative technologies, ensuring cost savings for consumers. This notification was published on June 24, 2024.
Key provisions include the requirement for Time of Day (ToD)-compliant meters, streamlined registration processes, and a flexible switching mechanism between different metering arrangements. Billing for peer-to-peer (P2P) transactions aligns with existing cycles, utilizing meter data to ensure accurate energy accounting. Furthermore, these transactions are exempt from certain charges until March 31, 2027, further incentivizing participation.
With clear mechanisms for dispute resolution and provisions for regulatory flexibility and amendment, these guidelines promise to revolutionize energy dynamics in Delhi, setting a precedent for sustainable energy practices nationwide.
