1School of Electrical and Computer Engineering, RMIT University, Melbourne, Australia.
2National Institute of Technology Kurukshetra-India.
3Geeta Institute of management and Technology Kurukshetra, India.
One of the effective solutions to shortage of electricity and pollution control in India is to leash the solar power. If 0.0001% of solar radiation falling over India can be captured by installing PV system on rooftops; 900,000 MWh of electricity can be generated per year. Under Net Metering scheme, excess electricity produced by the owner of renewable source is banked on grid and sold off to the utility. In this paper a pricing mechanism is proposed to make Net Metering Concept applicable and feasible in India; where utility buys electricity from Customers at fixed tariff for next 25 years at a higher price than existent electricity prices. It would compensate for the initial expenditure made by the Customer to buy Small Scale PV System and help him generate extra income. Net Metering offers benefits such as self sufficiency of energy, appreciation of property and saving on electricity bill. This concept will also help in improving grid frequency and voltage, Solar-Hydro-Thermal coordination, reduction of Transmission and Distribution Losses, reduction of Carbon-Dioxide Emission. Net Metering has potential to change the scope of Indian Power Scenario and is a win – win concept for utility, Consumer and Environment.
Net Metering, Solar Power, Pricing Mechanism, Grid, Carbon, Credit, Solar-Hydro-Thermal coordination
