Energetica India Magazine nº88 March-April 2020

RENEWABLE ENERGY energetica INDIA- March-April_2020 49 RPO, there should be RTO - Renewable Trade Obligation on the renewable energy generation. This concept would essen- tially promotetrade in physical renewable energy through an exchange market in a competitive and transparent way. RTO would lead to price discovery and efficient integration while creating ground for further investments in green energy.Early in year 2005, to create the power market, the Government of India in its National Electricity Policy specified that all gen - erators may sell 15% capacity through the market to create competitive market framework in India. A similar prescription is also needed to accelerate renewable energy aspirations. Going forward, we also foresee propagation of distributed ecosystem of renewable energy where transmission would occur through microgrids and trading would be through peer to peer platforms. This may lead to a complete transformation of the way we produce and consumer energy. This is already being seen in many developed countries in Europe as well as in US and Australia. The future indeed looks green, digitalizedand consumer cen- tric!