Power Minister RK Singh says Energy Storage System shall be integral part of power system under Electricity Act
Power Minister RK Singh has stressed the need to establish energy storage systems on a wide scale in the country. He said that Energy Storage System shall be an integral part of the power system under the Electricity Act and setting up of a standalone storage system should be made as a delicensed activity.
The minister said this while interacting with Renewable Energy developers, industry leaders, and various government representatives to discuss the elements of the draft Policy on Energy Storage system to promote the creation of storage systems. The policy aims at creation of a technology-agnostic storage system across the value chain of the electricity sector. Energy Storage Systems will benefit Power Generating Companies, Distribution Companies of the States, Grid Operators, and other players in the electricity value chain. The Minister also stated that the curtailment of renewable energy will be penalized under the provisions of the Act.
