Calculate your SIP ReturnsExplore

Ensuring Summer Electricity Demands Are Met: Government’s Strategic Moves

03 April 20244 mins read by Angel One
In a bid to optimize available resources, surplus power will be offered for sale in energy exchanges, in compliance with recently notified rules.
Ensuring Summer Electricity Demands Are Met: Government’s Strategic Moves
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Introduction:

As the scorching summer heat looms ahead, the Indian government is gearing up to tackle the surging electricity demands across the nation. Led by the Union Minister for Power and New & Renewable Energy, Shri R. K. Singh, a slew of measures are being orchestrated to ensure uninterrupted power supply during the upcoming season.

Zero Load Shedding Priority:

In a recent ministry meeting, held in the third week of March, stakeholders were reminded of the paramount importance of meticulous planning to avert scenarios where one state grapples with power shortages while another swims in surplus electricity.

Optimizing Thermal Power Plant Capacities:

Another significant stride is the reduction of partial outages in thermal power plants. In a recent review meeting on April 2, 2024, the Minister scrutinized the status of these plants, aiming for maximum operational capacity. Encouragingly, the quantum of capacity under partial outages has decreased, with further measures in the pipeline to minimize disruptions.

Strategic Maintenance Planning:

Recognizing the necessity of uninterrupted service, the government is strategically shifting planned maintenance activities of power plants to the monsoon season. This proactive measure aims to ensure minimal disruptions during peak demand periods. To keep pace with escalating demands, the government is expediting the commissioning of new capacities across various energy sources, including coal, hydro, nuclear, solar, and wind. Exploring all avenues, surplus power from captive generating stations is being tapped into to meet escalating demands efficiently.

In a bid to optimize available resources, surplus power will be offered for sale in energy exchanges, in compliance with recently notified rules. Stringent monitoring will ensure adherence to these directives. Uniform technical minimum loading requirements are being enforced for all coal-based thermal power plants. This measure aims to ensure the grid’s safety and reliability, preventing infeasible power scheduling scenarios.

A thorough review of gas-based power projects’ operationalization is underway to ensure their efficacy during the summer season. The possibility of issuing directives under Section 11 of The Electricity Act, 2003, is being explored to streamline their functioning.

Extending Support:

To bolster the energy supply, the government has extended Section 11 directions for imported-coal-based power plants until September 2024. Crucial discussions involve key stakeholders, including Union Power Secretary Shri Pankaj Agarwal, senior officers of CEA, NTPC, Grid India, Gencos, PFC, and NVVN, fostering collaborative efforts towards a resilient energy infrastructure.

Background:

Against the backdrop of the Indian Meteorological Department’s projections of elevated temperatures, the escalating electricity demand is a foreseen challenge. Recent data reflects a significant increase in both peak energy demand and its met capacity, underscoring the urgency of proactive measures to bridge the energy demand-supply gap.

Conclusion:

As the nation braces itself for the sweltering summer months, the government’s proactive stance towards ensuring a robust electricity supply stands as a beacon of preparedness. Through strategic planning, collaborative efforts, and regulatory initiatives, the path to meeting the burgeoning energy demands appears illuminated, promising uninterrupted power for all.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link

Enjoy Zero Brokerage on
Equity Delivery