HomeEconomyEnergy Focus: India's commitment to achieving 500 GW of Non-fossil fuel by...

Energy Focus: India’s commitment to achieving 500 GW of Non-fossil fuel by 2030

In order to accelerate our renewable energy systems, with the ultimate goal of ensuring affordable, reliable, sustainable and green energy for all, the Green Open Access Rules, 2022 were announced on 06.06.22. These laws were introduced to promote the production, purchase and use of green energy that incorporates energy from the Waste-to-Energy plant. The notified rules enable a simplified process of open access to green energy. It will allow for immediate authorization of Green OA, Uniform banking, voluntary RE purchasing power by commercial and industrial buyers, OA cost utilization etc. Commercial and industrial consumers are allowed to purchase green energy voluntarily. Scapped Consumers can take power under Green Open Limited access Discom customers may require a Green Power offer for them.

The key features of the Rules are:

• Green Open access is permitted for any buyer and the Open Access Trade limit has been reduced from 1 MW to 100 kW for green power, so that younger users can purchase renewable energy with open access.

• Provide assurance of open access costs to be charged to Green Energy Open Access Consumers including transfer fees, tire charges, additional subscription fee and waiting costs. The rate of increase in separate subsidy payments and the removal of additional costs, not only encourages consumers to be greener but also addresses the problems that hinder the growth of open access in India.

• Transparency in the authorization process of an open access application. Approval to be granted within 15 days or so will be deemed to have been approved subject to technical requirements. It will be on the national website.

• Green tax deduction: Green energy costs will be determined separately by the Appropriate Commission, which will include the combined cost of purchasing renewable energy, subsidy costs, if any, and service costs that include the wise cost of the distribution license holder to provide green energy to consumers.

•The rules will help simplify the overall authorization process to provide Open Access which includes timely authorization, in order to improve the flow of revenue to renewable energy producers. It will also bring Parallels to the application process. Extra green power banking is authorized by the distribution licensee. It will be responsible for the same renewable purchase, for all entities under obligation in lieu of distribution licenses. It also added Green Hydrogen / Green Ammonia to fulfill its RPO.

•Consumers will be given green certificates if they use green energy.The opposite subsidy payment and additional funding will not apply if green energy is used for the production of raw hydrogen and raw ammonia.

READ ALSO : Health Focus: Unions Minister of Trade Launches “ESIC Yoga Fortnight” and this year “World Yoga Day” will be “Yoga for Humanity”

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