The intermediary procurer is a trader, buying RE power from the RE Power Generators as per the tariff-based competitive bidding guidelines. - Centre Provides Update On Implementation Of Uniform Renewable Energy Tariff
India s power usage surged by around nine percent from April to November, reaching 1,099.90 billion units, indicating robust economic activity. Fiscal year 2022-23 saw 1,504.26 BU consumed, a notable rise from the previous year. Despite lower summer projections due to rain, peak demands hit record highs in June and September. Union Power Minister R K Singh highlighted a 50.8% demand increase from 2013-14 to 2022-23, crediting capacity additions for meeting this surge.
The power ministry has allocated 1,500 MW from the central pool to meet the winter requirements of J&K. While under the Shakti policy, the union territory will get 472 MW, for which, a power purchase agreement is proposed to be signed by the end of December.
India Business News: The electricity demand increased 8.5% to 9,82,233 units during April-October 2023. The energy supply rose 8.8% to 9,79,344 units. Power generation dur