The Cabinet has approved a pact between Forum of Regulators (FOR) and National Associations of Regulatory Utility Commissioners (NARUC) for large-scale grid integration of renewable energy.
According to PTI, the MoU envisages to promote information exchanges in the areas of renewable energy integration regulations and balancing using gas, storage, and demand-side approaches, energy imbalance markets, it said.
It will enhance the efforts of Indias power system for better management of large-scale integration of renewable energy into the power grid, it added.
According to statement, the MoU provides areas for cooperation in the area of large scale integration of renewable energy including design of frameworks for renewable energy procurement-international experience and regulatory interventions for renewables development, such as state and national renewable purchase obligations (RPOs), renewable energy certificate (REC) framework.
Besides, it will also cover the load forecasting techniques and processes; contracting/power purchase agreements; renewables forecasting methods and how renewable energy forecasts are used by operators; renewable energy integration — regulations and balancing using gas, storage, and demand-side approaches; energy imbalance markets.