CURRENT AFFAIRS: NATIONAL NEWS
Union Govt introduces ‘green tariff’ policy
- The union government is working on a ‘green tariff’ policy that will help electricity distribution companies (discoms) supply electricity generated from clean energy projects at a cheaper rate as compared to power from conventional fuel sources such as coal.
- This was announced by power and new and renewable energy minister Raj Kumar Singh who said the government was in the process of formulating a set of rules and guidelines to enable such a mechanism.
- Once the mechanism is in place, discoms can exclusively buy green electricity and supply it at ‘green tariff’, which will be the weighted average tariff of green energy that the consumer will pay.
- This comes in the backdrop of India’s solar and wind power tariffs hitting an all-time low of 1.99 per unit and Rs.2.43 per unit respectively.
- India is running the world’s largest clean energy programme to achieve 175 gigawatt(GW) of renewable capacity, including 100GW of solar power by 2022.
