Decarbonisation And Promotion of RE
Source : PIB
GS III : Conservation, environmental pollution and degradation, environmental impact assessment
Approach “Decarbonisation And Promotion of RE” : Mains
- About the Order
- How it helps
Why in News ?
Ministry of Power has issued order for extension of the waiver of Inter-State Transmission system (ISTS) charges on transmission of electricity generated from solar and wind sources for projects to be commissioned up to 30th June 2025.
Key Facts
- The order promotes the development of solar, wind, Hydro Pumped Storage Plant (PSP) and Battery Energy Storage System (BESS), trading of RE in the power exchanges and seamless transmission of RE power across the states.
- What is the order ?
- The waiver of inter-state transmission charges on transmission of the electricity generated from solar and wind sources of energy that was available to solar and wind projects commissioned up to 30th June 2023 has now been extended till 30th June 2025.
Photo by Mariana Proença on Unsplash - Allowed for Hydro Pumped Storage Plant (PSP) and Battery Energy Storage System (BESS) projects to be commissioned up 30th June 2025.
- The waiver of transmission charges has also been allowed for trading of electricity generated/ supplied from Solar, wind, PSP and BESS in Green Term Ahead Market (GTAM) and Green Day Ahead Market (GDAM) for two years i.e. till 30th June 2023.
- The waiver of inter-state transmission charges on transmission of the electricity generated from solar and wind sources of energy that was available to solar and wind projects commissioned up to 30th June 2023 has now been extended till 30th June 2025.
- How this Help ?
- Promote the Hydro Pumped Storage Plant (PSP) and Battery Energy Storage System (BESS) projects for meeting the balancing requirement of the grid caused due to large scale integration of Renewables in the Electricity Grid ie around 450 GW by 2030.
- Encourage the RE trade in the Power Exchanges.
- The volume of renewable energy trade in the power exchange is expected to increase further.
- An opportunity to minimise the curtailment of RE as the RE developers will also have the option to sell power in the power exchanges and get instantly paid on the day of delivery of power itself.
- This will helps to achieve the targets of Government of India in meeting the international obligations towards climate change.
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