Tata Power's innovative tariff systems, combined with the integration of rooftop solar systems, allow customers to efficiently manage their energy needs while encouraging the use of solar energy
Tata Power stated that the World Bank Energy Report recognised its contributions to distributed energy resources (DER) and peer-to-peer electricity trading.
The World Bank Energy Report, titled 'The Critical Link: Empowering Utilities for the Energy Transition,' highlights Tata Power's work through its Delhi distribution arm and its transformative impact on power distribution in India, according to a company statement.
Tata Power claims that by implementing advanced rooftop solar systems and innovative financing arrangements, it has not only reduced consumer energy costs but also made significant contributions to environmental sustainability.
Tata Power's innovative tariff systems, combined with the integration of rooftop solar systems, allow customers to efficiently manage their energy needs while encouraging the use of solar energy.
This model assists customers in lowering their energy bills and contributes to a greener environment.
Under the P2P project, the company used blockchain technology to enable "prosumers" (people who generate and consume energy) to trade excess solar power with other consumers, with the goal of increasing renewable energy adoption.
Tata Power's inclusion in the World Bank Energy Report strengthens its position as an energy sector leader, dedicated to driving the transition to sustainable energy and empowering communities through advanced utility services.
With innovative financing and rooftop solar maintenance, the company manages revenue risks using a two-part tariff model.