Open-Source Electricity Trading through the Lenses of a Developing Country

A powerhouse under development, India is slowly breaking free from its traditional methods of operations. It has been chosen for analysis as it offers a plethora of diverse cultures and a variety of indigenous groups of people. The energy sector of the country is transitioning to adopt policies that are in line with its sustainable goals. Focusing on peer-to-peer energy trading and the development of blockchain technologies, unconventional methods are slowly being incorporated with the help of various experimental projects. This is backed up by peer-to-peer trading of energy providing a prosumer with an autonomous environment. The paper looks into the ongoing trends in this sector and major reforms that are required to bring about the necessary shift. Challenges and their recommendations are also been discussed along with the need to implement them. Suitable conclusions have been drawn that aim towards favoring the P2P style of open-source electricity trading as the need for such an analysis is vital to achieve a decentralized energy system.