Power sector Current Affairs - 2020

Real Time Electricity Market launched by Indian Energy Exchange

On June 1, 2020, Indian Energy Exchange launched Real Time Electricity Market (RTM). The main aim of the launch is to help discoms plan their power requirements.

Working of the market

The market will conduct 48 auction sessions during the day and the power will be delivered within one hour of closure of the bid session. The market, thus, will help distribution companies manage their power demand-supply variation. It will also help meet power supply needs in a better way.

About Real Time Electricity Market

The market aims to allow power utilities manage their demand dynamically. It will help to save huge deviation-related penalties. Also, it integrates renewables in an effective way. The market will facilitate utilities reduce their dependency on deviation framework. This will help save huge penalties.

Green Energy

The RTM will also help grid operators enhance renewables by facilitating the discoms manage their challenges of intermittency that are associated with renewables. The RTM will help the discoms forecast and schedule green energy. This will help India achieve its target of 175 GW of renewable energy by 2022.

India Energy Exchange

India Energy Exchange is an electronic system that is regulated by the Central Electricity Regulatory Commission (CERC). It was started in 2008. The exchange has participants from various platforms that includes power producers, State Electricity Boards, power traders and open access consumers.

Central Electricity Regulatory Commission

It is a statutory body that was set up under the Electricity Act 2003. It is Quasi-Judicial Body. Quasi-Judicial body is a non-judicial body that can interpret law.

The Commission was constituted mainly to regulate the tariff on power generating companies that are controlled or owned by GoI.

India’s UJALA Programme completes 5 successful years

On January 5, 2020, Unnat Jyoti by Affordable LEDs for All (UJALA) and LED Street Lighting National Programme (SLNP) marked their fifth anniversary. The schemes were implemented by Energy Efficiency Services Limited (EESL). EESL is a joint venture of PSU operating under Ministry of Power.

Highlights

Under the SLNP initiative, in five years around 1.03 crore smart LED street lights were installed. This helped in reducing Green House Gas emission by 4.8 million tonnes annually. Also, the initiative has created 13,000 jobs.

Under UJALA programme, 36.13 crore LED bubs have been distributed so far. This helped in reducing the green house gas emission by 38 million tonnes annually.

Awards

The initiatives have been highly successful and hence gained world wide recognition. The programmes received South Asia Procurement Innovation Award (SAPLA) in 2017 and CIO 100 award in 2019.

Prices

The scheme has brought down the prices of LED bulbs to one-tenth of rates as in 2015. Also, they have helped in reducing customer bills by 15%.

Future Plans

The SLNP programme aims to replace 1.34 crore street lights with smart LEDs by March 2020. This will help in reducing peak demands by 1.5 GW. Also, this will reduce Green House Gas Emissions by 6.2 million tonnes. The implementing agency of the schemes has planned to invest another 8,000 crores of rupees by 2024 to install mote than 30 million LED street lights.