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Mahesh

17/07/22 08:50 AM IST

Power ministry’s POSOCO to run green energy system

In News 
  • The power ministry has notified Power System Operation Corporation Ltd (POSOCO) as the central nodal agency to set up and run a single window green energy system.
POSOCO System 
  • POSOCO is CPSE under the Ministry of Power to monitor and ensure round-the-clock integrated operation of the Indian Power System in a reliable, efficient and secure manner thus serving a mission-critical activity.
  • Green Energy: Green energy is that which comes from natural sources, such as the sun.
Benefits 
  • Approval process will be quicker (POSOCO will approve or reject the applications for green power supply within 15 days)
  • Large consumers can now take power (under Green Open Access) without any limits
  • Distribution companies can demand a supply of green power from generation companies.
  • Uniform renewable purchase obligation on users under the open access norms, including captive consumers and commercial entities, in areas assigned to the discoms.
  • Tariffs for green energy will be determined separately by an appropriate commission.
  • Under the new norms, the tariff for the green energy will be determined separately by an appropriate commission, and will comprise the average pooled power purchase cost of the renewable energy, cross-subsidy charges if any, and service charges covering the prudent cost of the distribution licensee for providing the green energy.
Source- PIB 

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