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.