The idea of Power Decarbonisation Obligations could work with effective governance in order to provide a sustainable renewable energy supply in the country. Explain (200 Words)
Refer - Financial Express
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Abdul hakkim 3 years
Please review mam / sir thanks
IAS Parliament 3 years
Try to cut-short introduction part. Keep Writing.
IAS Parliament 3 years
KEY POINTS
· In order to incentivise renewable energy, the Indian Electricity Act 2003, gave legal teeth to Renewable Purchase Obligations that mandate all electricity distribution licensees must purchase or produce a minimum specified quantity of their electricity from renewable energy sources.
· The discoms continue to incur “fixed costs” even when they do not draw power. In quite a few cases, the fixed costs paid by discoms to coal-based gencos may actually be more than the current prices of solar or wind power per kWh.
· This then leads us to question the continued the relevance of RPOs and RECs and the option of evolving a more logical and robust system that can expedite decarbonisation of India’s power sector by 2050
· This new system could be called Power Decarbonisation Standards. The system would set a progressive threshold for decrease in purchase of coal-based power and a corresponding increase in purchase and absorption of renewable power by discoms.
· The Power Decarbonisation Standards, if adopted, would also ensure that a comprehensive plan is put in place to limit the setting up of new coal plants
· These can also be designated as Carbon Credit Certificates (CCCs) to be granted to the discoms by the regulators for annual reduction in purchase of coal power after a cut-off date.
· These CCCs could also become market-based financial instruments that can be traded domestically to start with, and, later on, internationally when the markets mature.
Harsh 3 years
Please review
IAS Parliament 3 years
Need better understanding. Benefits are not required, try to include aspect of governance and integrate with sustainable energy. Keep Writing.
ANIL KUMAR RAM 3 years
Plz review
IAS Parliament 3 years
Try to stick to word limit. Keep Writing.
