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National Importance
Pradeep Kumar

22/06/21 10:00 AM IST

Decarbonisation and promotion of RE

In news

India takes a step forward towards Decarbonisation and promotion of RE , Hydro PSP and BESS.

Highlights
  • The waiver of ISTS charges on transmission of the electricity generated from solar and wind extended till 30th June 2025
  • The waiver of ISTS charges also allowed for Hydro PSP and BESS
  • The waiver of transmission charges allowed for trading of Renewables in the power exchanges.
  • This is expected to encourage the RE trade in the Power Exchanges.
  • The volume of renewable energy trade in the power exchange is expected to increase further. 
Significance
  • The order is futuristic as it also allows the waiver of transmission charges for RE trade in the Green Day Ahead Market (as part of the integrated Day ahead market).
  • CERC, POSOCO and the power exchanges are working on it in mission mode to operationalise this product in the power exchanges by end of August 2021.

Source: PIB

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