19/07/2022 - Energy

Please review for 15 marker and give MARKS if possible, so that i can know where i stand !

KEY POINTS

·        India’s Electricity Act, enacted in 2003, provided for large customers to access their own source of electricity through a mechanism known as the “open access” route.

·        Large industrial consumers are looking to procure renewable energy from a renewable developer, with the twin objectives of both greening their energy source while also reducing the cost of electricity.

·        Some of the world’s most influential companies, known as the ‘RE100’, have committed to going 100% renewable, and their India manufacturing facilities, warehouses, and offices are presently soliciting partners to obtain green power.

·        Against this background, the Union government has thrown down the gauntlet and notified the new “Green Open Access Rules 2022”.

·        Among its many features, industrial and corporate customers with a demand of over 100 kilowatts can now set up their own solar plants and wheel power to their establishment.

·        Under the new Rules, connectivity approval for renewable plants, when sought, shall not take more than 15 days to be granted.

·        This is not just an initiative to green corporate power consumption that presently accounts for 45% of India’s total electricity consumption.

·        Regulators would do well to realise that true public interest lies in efficient distribution of public goods, and cross-subsidies have never helped the overall development of any sector.

Kindly review

Kindly review