Power Ministry carved out new norms for Electricity Rules, 2024
The Power ministry has allowed large industrial users of electricity to maintain their own transmission lines and grid connectivity without any further requirement of licence and amended transmission tariff norms to make it more cost- reliable.
Understanding Succinctly, the consumers with more than a specified quantum of load and Energy Storage Systems [ESS] are allowed to establish and operate dedicated transmission lines themselves which on another perspective would facilitate a new category of huge customers benefitting from more affordable electricity and reliability. The same facility was already available to generating companies and generating stations.
The Central Ministry has highlighted the fact that it had cut down the losses of the distribution company [Discoms] from 27 percent in 2014, to 15.41 percent in 2022-23 and the regulations will ensure that their losses are further reduced and their efficiency is increased, providing better services to the customers.Read Also : RITES organizes Annual Sports Day ‘Spardha’
The new amendment has notified that consumers and Energy Storage Systems [ESS] with a load of more than 25 MW in case of Inter-State Transmission System and 10 MW in an Intra-State Transmission System can now establish, operate, and maintain dedicated transmission lines without the need for a licence.
Furthermore, the new rule consists of changes related to General Network Access or Open Access which means an additional surcharge shall be reduced linearly and must get eliminated within four years from the date of the grant of General Network Access or Open Access.Read Also : SCOPE to organize Workshops on ‘Public Procurement’ & ‘RTI’ in Shillong
Similarly, the rule mandates that the tariff shall be cost-effective and there shall not be any gap between the approved Annual Revenue Requirement and estimated annual revenue from the approved tariff except under natural calamity conditions. If in that case any, the gap shall not be more than 3% of the approved Annual Revenue Requirement.
As per the power ministry, to rationalise the open access charges, new rules have been prescribed with innovative ideologies to determine various open access charges like wheeling charges, state transmission charges and additional surcharges.Read Also : REC contributes Rs 15 Cr to Armed Forces Flag Day Fund through its CSR arm
News Must Read
- SCOPE to organize Workshops on ‘Public Procurement’ & ‘RTI’ in Shillong
- Most awaited Gujarat's Signature Bridge: Read About its beauty
- NBCC to execute worth Rs 369 crore projects in UP, MP and Telangana
- CMD, IREDA Unveils Vision for Retail Division, Elevating Rooftop Solar
- PFC Forge Historic Partnership with Govt of Goa
- Government flows out Tender for Puri International Airport Construction
- Power Grid board approves Investment in two projects worth 655.75 crore
- SECL Makes History as First Coal Company to Procure Over Rs 10,000 Crore via GeM
- How RVNL's share takes boom today..
- IREDA and PNB to Co-Finance Green Energy Projects