K'taka to permit recurring energy banking for renewable energy projects

18 Apr 2023 CW Team

In order to improve grid stability and energy demand management, the Karnataka Electricity Regulatory Commission (KERC) has officially permitted monthly energy banking for renewable energy generators.

The state used to have an annual settlement system for its energy banking.

Under its green energy open access standards, the new structure now includes wheeling agreements for renewable energy projects.

Banking

A list of consumers and the amount of power to be supplied to each of them must be provided by the company 15 days before the start of the project. Any changes to this list must likewise be disclosed 15 days in advance.

The business is required by WBA to distribute 100% of the energy produced to its clients at the end of each month. Any leftover energy will be billed to ESCOM in accordance with the relevant pricing. The ESCOMs will charge non-exclusive consumers for open access fees, and they will collect open access fees from exclusive customers. During system restrictions, power outages or load shedding may be implemented.

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EU introduces first Renewable Energy Financing Mechanism tender

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