A marketplace for clean, green energy

A marketplace for clean, green energy
A marketplace for clean, green energy

Clickpower.in, an initiative of REConnect Energy, describes itself as a vision to help every electricity consumer in India source cheaper and cleaner power while simultaneously helping renewable energy generators discover larger consumer markets through a web-based marketplace. Its founder lays out the stage for his renewable energy agenda. REConnect Energy is India′s largest renewable energy (RE) services and sourcing firm. Between renewable energy credits (REC) and forecasting and scheduling of wind/solar power (F&S), the firm is serving about 13,000 MW of clean energy assets in the country. This also includes an assignment to carry out state level wind power, forecasting the entire state of Gujarat and carrying out state level wind power scheduling for the entire state of Rajasthan. Having the largest client base in renewable energy and to meet the growing demand of RE generators to sell their energy production to bulk electricity consumers, we launched a BETA version of India′s first green energy marketplace with clickpower.in. The difference between Power Exchanges and clickpower.in The concept of clickpower.in is very novel as there is no other marketplace like this in India. There are power exchanges, which offer standardised contracts. Clickpower.in compliments the power exchanges in a way where it aims to organise the over the counter contracts (OTC) market, which otherwise is being operated by so many local brokers as in the real-estate business thus encouraging more consumer participation in open-access market with specific interest in renewable energy. Functionally, the power exchanges act as central counter party, settle the transactions financially and also schedules energy in coordination with the load dispatch centers. The contracts are highly standardized, of limited duration and primarily caters to inter-state open-access market. Clickpower.in, on the other hand, aims to cater to very specific needs of buyers and sellers to meet their highly structured power transactions requirements either through inter-state (yet to launch), intra-state or rooftop (under development) power requirements. The platform is online to offline transaction platform where two parties (buyers and sellers) meet online, negotiate terms online, meet offline once the terms are largely finalized via online negotiations and carry out transactions as per the mutual convenience. It is more like any matrimonial website where two parties discovers each other online and decides to engage via offline medium. Clickpower.in aims to facilitate counter-party discovery in a far more efficient way by aggregating larger volumes of demand and supply across much larger geographical area, including roof-top PV market where India's minister for power (Piyush Goyal) is aiming to establish about 40GW of roof-top solar PV capacity in the next five years. Current Status To widen the market acceptance of the OTC marketplace concept, we have placed before the Central Electricity Regulatory Commission (CERC) an appeal to provide governing principles/guidelines along with a formal recognition for clickpower.in as a CERC approved marketplace for OTC transactions. We are hoping that the central regulator would evaluate our appeal favourably, considering our endeavour to bring about large scale innovation in this sector especially in the renewable energy transactions space where very large chunk of capacity addition is expected through bulk consumer's participation (either through open-access or roof-top segment). The overall intent is aligned with promoting competition, specifically in the renewable energy space, and simultaneously expanding the reach of renewable energy to all the consumer categories across India which can not be otherwise met by existing conventional platforms/marketplaces.

Vishal Pandya is co-founder of REConnect Energy. He is an alumnus of IIT Bombay with a specialisation in Power Systems. He is an engineer at heart who loves application of technology for scalable solutions.

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