+
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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?