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The Power Ministry launched a portal for optimum utilisation of domestic coal by Independent Power Producers on Thursday.
Speaking at the launch, Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines, said, “Producers can reduce power costs by 10 paisa per unit through rationalising of coal supply made possible through the e-bid portal.”
It would mean a saving of close to ₹20,000 crore five years down the line.
Goyal also spoke about the Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency (MERIT) app. He said that the app will allow consumers to better assess the performance of power distribution companies (Discoms) when it comes to sourcing power.
An official statement from the Ministry of Power also noted that the gap between the Aggregate Rate of Realisation (ARR) and Aggregate Cost of Supply (ACS) for discoms has reduced under Ujjwal Discom Assurance Yojna.
Rajasthan has emerged as the best achiever here with a difference reduction of ₹1.18 per unit in the realisation and supply costs. Goa comes second with a reduction of ₹0.76 per unit in difference while Jammu and Kashmir is next with a ₹0.40 per unit reduction.
The statement said that, on an average, the gap has reduced from 59 paisa per unit in financial year 2015-16 to about 45 paisa per unit in financial year 2016-17.
The reduction in ACS-ARR gap is the combined effect of savings in interest cost, power purchase cost, tariff rationalisation, and better billing/collection efficiency among others.
The statement also said that these benefits shall continue and further improve in future and provide sustainability to the distribution utilities.
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