Prabhawattt
Illuminate your savings with a Time-of-use Tariff based decentralized energy trading platform
Created on 10th November 2024
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Prabhawattt
Illuminate your savings with a Time-of-use Tariff based decentralized energy trading platform
The problem Prabhawattt solves
- Consumers with solar installations struggle to optimize electricity costs due to complex time-based pricing.-
- No automated way to balance grid vs solar power usage based on dynamic tariffs.
- Manual scheduling of appliances during low-tariff periods is inefficient & impractical.
- Limited visibility into real-time energy costs and potential savings.
- Lack of smart integration between solar production, storage, and consumption patterns.
Target Impact:
Enable users to reduce electricity costs by intelligently managing their energy usage and solar resources through automated, data-driven decisions.e
Challenges I ran into
1. Limited to no data
Since the platform is focused on India, there is little to no information on this as solar adoption is in very early stages in India. I had to simulate a lot of information, like real-time fetching of TOU tariff based on future predictions of feather, peak, and off-peak average rates, etc.
2. Real-Time tariff Notifications
We didn't fina anything for this.... There was no way to fetch real-time tariff data from the internet. So, we researched how the tariff rates vary and simulated our own tariff rates API.
3. Too much data!
There can be too much data that will be available at a given moment. We can't give it to a traditional LLM model for processing due to max tokens limit. So we decided to use LLaMa3.2 with 70b parameters to allow large amounts of data processing at a given time.
4. Decentralization
Well it sounds good on paper how we can convert energy to tokens and trade... But how do you actually do that? We have done our research and allowed users to mint their ethereum or polygon tokens to Energy Tokens (ET) on our Prabhawatt Market and use those tokens for trading.
Tracks Applied (2)
Polygon Track
Polygon
Ethereum Track
ETHIndia
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