NEW DELHI: State energy and renewable energy ministers met in Udaipur, Rajasthan from 14-15 October to discuss several issues, including financial feasibility and sustainability of the distribution sector, and modernization of power systems to ensure around-the-clock energy supply.
The conference was chaired by the Union Minister for Energy and New and Renewable Energy R K Singh. “During the conference, detailed deliberations were held focusing on the financial feasibility and sustainability of the distribution sector, modernization and modernization of power systems, and development of power systems to ensure 24/7 energy availability including investment requirements and energy sector reforms,” the Department of Energy said. He said in a statement.
Given the critical role of the distribution sector in ensuring financial and operational sustainability across the energy sector value chain, effective steps towards minimizing total technical and commercial (AT&C) losses, ensuring cost-reflective tariffs, calculating support and timely payment were emphasized, the Department of Energy said in a statement. Support by State Governments, liquidation of unpaid receivables to state government departments and compliance with Electricity Rules (Late Payment Surcharges and Related Matters), 2022 (LPS Rules) for timely payment of dues to generation companies.
To reduce AT&C losses, it was agreed to accelerate the deployment of consumer prepaid smart meters and system metering to create energy accounting systems.
It was also agreed to provide subsidies to different categories of consumers only on a per unit basis on the basis of actual energy consumption. Overall, he said, it was noted that significant progress had been made in the steps being taken to improve the viability of energy systems.
Most states have already submitted their action plan under the Revised Distribution Sector Scheme (RDSS) to improve the financial and operational efficiency of Distribution Companies (DISCOMs). The press release stated that all efforts and policies should be focused on providing better services to electricity consumers.
Highlighting the achievements of the past few years in the renewable energy sector, deliberations have been made on policies and regulatory and institutional interventions required for the rapid implementation of renewable energy projects and countries should support the achievement of the Iraqi government’s installed non-fossil capacity targets.
Emphasis was also placed on creating an enabling framework to enhance local manufacturing capacity in the renewable energy sector through various incentive measures.
The Syndicate Minister sought the cooperation of countries in achieving the ambitious goals set before the electricity sector.
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Originally published at San Jose News Bulletin
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