Electrical energy Payments Doubtless To Rise, Tariff To Go Up Below Newly 500 MW Thermal Energy Settlement

• By December-2024, JK may have solar energy of almost too: PDD Pr Sec

SRINAGAR, Nov 30: Authorities on Wednesday mentioned that the worth for the latest 500 MW thermal energy buy settlement will probably enhance the tariff by one rupee per unit compared to the present tariff of hydro energy.
Principal Secretary Energy Developed Division (PDD) H Rajesh Prasad mentioned that the method to channelize newly bought 500 MW might be acquired quickly.
“We’re extra depending on hydropower. Nonetheless, we’ve already made a solar energy buy settlement of 1600 MW that’s larger than hydropower,” he mentioned, including that by December-2024, JK may have solar energy too.
The principal secretary nonetheless mentioned that in photo voltaic power there’s a variability issue throughout the sunshine day and different boring days in order that even have sure limitations.
“Solely the thermal electrical energy era with both coal or gasoline isn’t based mostly on seasonality. Below thermal power we may have a 24 hours energy provide,” Prasad mentioned.
Talking in regards to the latest settlement of buying 500 MW energy, the principal secretary additional mentioned that the federal government has already given permission for it.
On asking in regards to the revised tariff per unit for the brand new energy buy settlement of 500 MW, Prasad mentioned that the settlement is for thermal energy.
“The bottom price of thermal energy will probably be a bit larger than the hydro and solar energy.” He mentioned,
“The speed of hydro electrical energy is round Rs-4.50 paisa per unit, nonetheless the thermal electrical energy value could go up almost by a rupee per unit from the present price to Rs-5.25 paisa or Rs 5.50 paisa. It can probably be a bit costlier however we’d like that base load for the help. It’s a very affordable price.”
“With regard to the ability buy settlement of 500 MW thermal power, I feel the availability will come within the coming days,” he mentioned.
Prasad mentioned that the PDD division in the intervening time was shopping for energy from the ability trade. “Energy trade could be very risky, it’s just like the share market.”
An influence trade is a buying and selling platform the place electrical energy producers and electrical energy customers meet.
There are two kinds of energy exchanges. In energy exchanges specialised in bodily buying and selling, electrical energy producers and customers commerce with the intention of the bodily supply of electrical energy from the producer to the buyer.
“We now have wholesome and adequate energy buy agreements to maintain the bottom load,” he mentioned.
Prasad additionally mentioned, “Though we’ve received the permission to buy 500 MW of thermal energy, there are some procedures nonetheless to undergo from the central electrical energy authority to get the worth accredited. I suppose that course of will get accomplished in 2-3 days.” (KNO)