K'taka to permit recurring energy banking for renewable energy projects
POWER & RENEWABLE ENERGY

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

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.

Also read:
MSEDCL seeking bids for 615 MW Solar Projects in Maharashtra
EU introduces first Renewable Energy Financing Mechanism tender


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. Also read: MSEDCL seeking bids for 615 MW Solar Projects in Maharashtra EU introduces first Renewable Energy Financing Mechanism tender

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?