K'taka to permit recurring energy banking for renewable energy projects

To improve grid stability and energy demand management, the Karnataka Electricity Regulatory Commission (KERC) has officially authorized monthly energy banking for renewable energy generators.

The state used to have an annual settlement system for its energy banking.

Under the open access standards for green energy, the new structure now includes wheeling agreements for renewable energy projects.

A list of consumers and the amount of power to be supplied to each of them must be provided by the company 15 days before the start of the project. Any changes to this list must also be announced 15 days in advance.

The company is required by WBA to distribute 100% of the energy produced to its customers at the end of each month. All remaining energy will be billed to ESCOM in accordance with the relevant prices. The ESCOMs will charge non-exclusive consumers for open access fees and they will collect open access fees from exclusive customers. During system limitations, power outages or load shutdowns can be implemented.