POSOCO-IMD Weather Portal & Web Portal ‘MERIT’ launched
Union Minister of State for Power, Coal, New & Renewable Energy and Mines Piyush Goyal has launched Weather Portal for Power Sector & Web Portal ‘MERIT’ (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency).
POSOCO-IMD Weather Portal
The weather portal has been developed in association with POSOCO and IMD. The portal will have information regarding weather forecast to the state Discoms. The weather variations have an impact on load demand, energy production, transport and distribution management, as well as on energy prices. Extreme events associated with weather like heat waves or cold waves, windstorms or floods can have adverse impacts on the production and can inflict physical damage to the infrastructure. Hence, the portal aims to provide weather related information and help states to take pro-active steps regarding management and plan for infrastructure availability as well as to ensure cost effective and reliable supply.
MERIT (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency) has been developed by Ministry of Power in association with POSOCO and Central Electricity Authority. The Web portal provides information regarding the merit order of Electricity procured by States. The information includes daily state-wise marginal variable costs of all generators, daily source-wise power purchases of respective states/UTs with, energy volumes and purchase prices.
The Portal will help state Discoms in optimising their power procurement more efficiently and will help in lowering the cost of power to consumers.
The main advantages of the portal: Empowerment of consumers and facilitates participative governance; Disseminates information pertaining to marginal variable cost and source wise purchase of electricity transparently; Promotes economy and efficiency in operations; Optimization of the power procurement costs; Demystifies the utility portfolio and its complexity; Facilitates renewable integration and handling of the variability and uncertainty of renewables; and Indication of supply side reliability, adequacy, and cost of power procurement.
Month: Current Affairs - June, 2017