Comments
The Ministry of Power launched a portal for optimum utilisation of domestic coal by independent power producers on Thursday. An official statement said this web portal would save the consumer close to Rs 20,000 crore five years down the line.
Speaking at the launch, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines, Piyush Goyal said, “Producers can reduce power costs by 10 paisa per unit by rationalising coal supply made possible through the e-bid portal.”
Goyal also announced the Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency (MERIT) app. He said the app would allow consumers to better assess the performance of power distribution companies (DISCOMs) when it comes to sourcing power.
An official statement said the merit order stack is a common approach to the problem of minimising the sum of generators’ operating costs. This is possible while honouring the operational constraints of the available generation to supply the demand in a secure and reliable manner.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.