Context :
Power
Minister unveils the green day-ahead market
/ Business Line /
26 Oct 2021
Extract :
In a bid to further
deepen the electricity trade in India, Power Minister RK Singh on Monday
launched the green day-ahead market (GDAM).
The launch will also provide competitive price signals, besides offering an
opportunity to the market participants to trade
in green energy, in the most transparent, flexible,
competitive, and efficient manner, the Power Ministry said in a statement.
“We are opening doors for renewable energy.
In this new
era of continuous reforms including the launch of GDAM today, any interested party can set up and sell
renewable energy,” Singh said during the launch.
“Benefits of free ISTS (inter-State
transmission system) will be available for renewable energy and open access
will be available within 15 days,” Singh said. He further added that the big
industries can go green and the government would make efforts to make business
simpler and GDAM is a step in that direction.
“The market-based
competitive prices will provide another option to renewable generators to sell power as well as accelerate
the renewable capacity addition towards the
Government’s vision of building India as a sustainable and efficient energy
economy. The distribution utilities would also be able to sell surplus
renewable power generated in their area. The obligated entities (distribution
licensee, open access consumers and captive power consumers) would also be able
to meet the RPO target by directly buying green power from the
power exchange(s). The non-obligated entities will be
able to buy power on a voluntary basis and help increase the share of green power,” the
release said.
The Minister also
informed that around ₹16,000 crore has not been paid to Coal India by the State
power generating companies. He said that Gencos
wouldn’t be able to pay unless and until Discoms
pay Gencos for the power supplied to them. As per Singh, the dues of all Gencos
excluding States owned are ₹75,000 crore.
My Take :
Dear Shri Singhji,
It is heartening to hear your bold talk of ,
“ In this new era of continuous reforms including the launch of GDAM today, any interested party can
I urge you not to delay the next BOLD REFORM, advocated in my following e-mail :
Ø Not Good
Enough ! ………………………………………[ 02 Dec 2017 ]
Extract :
And I hope ,
it recommends amending Electricity Act
whereby ,
Anyone can generate and SELL electricity , anytime and to anyone and at any price !
For reaching
the target of 100 GW of Solar
power generation by Nov 2022, we
need to install 1.5 GW capacity EVERY
MONTH for the next 60 month ( remaining 85 GW after current installations
totalling 15 GW )
That would
require an investment of Rs 10,000 Crore
per month , every month for the next 60 months ! ( @ One Billion
dollars per GW )
Part of this
investment will have to come from Roof Top
Solar projects , to be set up by :
· An
Individual home-owner ( who may also want to sell surplus power to a neighbour )
· A
Coop Housing Society wanting its huge unutilized terrace to produce solar
power, for its members
· A
Business which will install these
roof-tops at its own cost and is allowed to sell power to the
residents
. Millions
of unemployed rural youth wanting
to set themselves up in the “ Solar Electricity Selling “
300 Watt HANS Solar
PowerPacks with HANS Solar Briefcase
https://www.youtube.com/watch?v=T3Kap722MxA&t=54s
Surely , our Policy Makers cannot be unaware of the following
benefits to millions of rural youths
# No need to erect /maintain miles of transmission lines to those huts
#
No need to install and monitor Electricity ( Smart ) Meters
# No
need to collect monthly payments for the power consumed
# In fact , no need to PRODUCE coal-based power elsewhere , in the
first place
# No
pollution due to power from coal-based power plants
# No need to dig or import expensive coal / or worry about low plant-
load factor
#
No need to worry about power thefts / transmission losses !
# No load shedding ( so common in rural areas ) for “ non-payment of
bills / low
# No need to worry about PEAK / LEAN load periods
# No
need to keep Subsidizing Power for ever
Please, liberate our rural youth from the tyranny of this hundred year
old “ Electricity
Act “ !
===================================================
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 26
Oct 2021
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