Fold English news | Fold, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

New Delhi, June 14 A new pooled power pricing mechanism is proposed to be established by the power ministry that would ensure near uniform energy charges transitioning the country towards 'One Nation, One Grid, One Price".The power ministry has issued a discussion paper on market-based economic dispatch (MBED) of power and has asked stakeholders for their comments on the subject by June 30, 2021.The idea is to establish a central pool from where demand for power for each state would be met. This would ensure that Discoms get their source of power at optimal price helping them to bring down the cost of power.The Ministry believes that the proposed MBED mechanism would be a key step in transitioning towards 'One Nation, One Grid, One Price".According to a report by clean energy consultancy and communications firm Mercom, the proposed MBED mechanism is also expected to enhance greater renewable energy integration with the balancing area increased from state to national level leading to a huge drop in renewable energy curtailment.The total power generation in the country is about 1,400 billion units with a weighted average price of Rs 2.36 per kWh. It is estimated that through the proposed pooling mechanism there would be a saving of about 4 per cent amounting to over Rs 12,000 crore.The power ministry in its discussion paper has proposed phased introduction of the MBED mechanism giving everyone time to adjust to reality of the new power procurement mechanism.As a first step, it is proposed to bring NTPC's generation capacities into the fold of proposed procurement mechanism.This would mean that NTPC as well as Discoms will participate in day ahead market of power exchanges for discovery of prices and scheduling based on the demand-supply factors. For state discoms, this would mean reduced dependency on state level proper projects for need based energy required outside the power purchase agreements. Supplies under this arrangement is often much expensive.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

FoldFOLLOW

Fold, Latest News

Nexa Pardi Naka is a new venture under the flagship of Barbate Group which is a premium channel dealership ... ...

Beijing, June 28 Lenovo has unveiled a new tablet Yoga Tab 13 that can function as ... ...

Beijing, June 27 Chinese smartphone brand Vivo is reportedly working on new rollable and foldable smartphones as it has ... ...

Chandigarh, June 27 Rotary International District 3080 on Sunday announced to plant 15 lakh saplings here. This was stated ... ...

Mumbai, June 21 A day after a Shiv Sena legislator wrote a damning letter urging the leadership to ... ...

Chennai, June 16 Former interim general secretary of AIADMK, V.K. Sasikala, who was expelled from the party after ... ...

Beijing, June 16 Smartphone maker Xiaomi, which unveiled the Mi MIX Fold as its first-ever foldable smartphone in ... ...

New Delhi, June 14 A new pooled power pricing mechanism is proposed to be established by the power ... ...