To provide relief from the rooftop solar industry, the government has proposed allowing solar installation on the roof with a capacity of up to 500 kW to be charged under ‘net-metering’. If the proposal is accepted, those with solar panels on the rooftop will get higher prices from companies that supply electricity with the remaining electricity sold to DISCOMs.
On Friday the union power ministry released an amendment to the Consumer Rights Act, which set it up in December 2020, in which the above-mentioned liberties were proposed. Participants were invited to comment on the amendments being drafted on April 30.
The previous version of consumer rights laws, which allow ‘price estimates’ of up to 10 kW of roofing power, have been shown to interfere with the rapid increase in solar energy in the country by barring commercial and industrial users from installing such power generation. in their courtyards. While such buyers earned about Rs.7/unit by selling the remaining energy produced on their rooftop solar, under the December 2020 mandate, they would be charged” hundreds of meters “, and compensated for approximately Rs.3.5 – Rs.4/unit.
India’s national solar energy organization has asked Union Energy Minister RK Singh to amend the condition of large meters for large roof buyers, stating that “investing in the Rs.1,500 – 2,000 crores is under contract or under the transfer of” such roof power and new authority “will create uncertainty. and has contributed to ongoing projects “. At a total solar capacity of 36,910 MW, only 3,402 MW is now from the rooftop.
Recent amendments, if approved, could be detrimental to the state’s sick DISCOMs, which may have lost money from its highly paid business and industrial buyers who prefer solar panels on their premises.
Source: Financial Express