R K Singh Proposes RPO Mechanism for RTC Renewable Energy

To promote storage of electricity in the country, Power Minister R K Singh has proposed renewable purchase obligation (RPO) mechanism for round the clock (RTC) renewable energy.

August 31, 2020. By Manu Tayal

To promote storage of electricity in the country, Power Minister R K Singh has proposed renewable purchase obligation (RPO) mechanism for round the clock (RTC) renewable energy.

Under RPO, bulk purchasers like Discoms, open access consumers and capacitive users are required to buy a certain percentage of renewable energy or RECs (renewable energy certificates) in lieu of clean energy.

The Minister was of the view that once RPO becomes mandatory for RTC renewable energy, it would encourage investments in renewable electricity storage projects.

At the 6th Foundation Day of Association of Renewable Energy Agencies of States (AREAS) on Thursday, RK Singh said that, “renewable energy is economically viable today. The only rider is storage. Prices of storage will come down over time.”

“We should bring down storage prices by increasing demand and putting up more manufacturing facilities. Once that happens, the transition to renewables will be faster. More and more future projects will have storage with them,” Singh added.

He further said that “I propose to have RPO for round the clock renewable energy which will encourage storage.”

The Minister also urged AREAS to launch a communication campaign for promoting renewable energy. He said “we will have to make people aware that this will bring down their expenses on electricity and it is good for environment. For this, Ministry can provide additional corpus fund to AREAS.”

“AREAS should organize brainstorming sessions at least once in a quarter to discuss issues of renewable energy sector and come out with possible innovative solutions,” he added.

AREAS has been formed on MNRE initiative to interact and learn from each other’s experiences and also share their best practices and knowledge regarding technologies and schemes/programmes. It got registered under Society Registration Act 1860 on 27 August 2014.

Also, the Power Minister is the Patron of the association, while Secretary, MNRE is the ex-officio President, and all State Nodal Agencies (SNAs) are members of the association.

Meanwhile, considering the importance of mutual interaction and sharing of experience & knowledge between the SNAs, steps have been taken to re-invigorate the AREAS. During last 2 months 4 meetings/workshops have been organized through online platform. For proper functioning of AREAS, Vice President and Executive Committee have been selected by General Body of AREAS in the meeting held on July 30, 2020.

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