With the current estimate of thermal sector stress at over Rs 2.5 lakh crore of investments, the future of the power sector does not look promising. The question is, has UDAY, Modi government’s flagship scheme to alleviate power sector from its distress, worked
The scheme to provide LED bulbs to households across the country has led to annual savings of upto Rs 50,000 crore in electricity bills, said finance minister Piyush Goyal in his Interim Budget speech for 2019-20.
While the Centre plans to come up with Ujwal DISCOM Assurance Yojana (UDAY) 2.0 after the first one failed, experts feel this version of the scheme will meet the same fate as the government has not learnt anything from its experience.
After trimming its aggregate technical and commercial (AT&C) losses to 11.9%, the Kerala State Electricity Board (KSEB) has pitched for hiking user tariffs by 10% to add at least Rs 1,100-crore revenue per year.
States’ electricity discoms are set to miss their target of paring down aggregate technical and commercial (AT&C) losses to 15 percent by the end of the current fiscal under the government’s flagship scheme Ujwal Discom Assurance Yojana (UDAY).
With the chances of meeting the UDAY target to limit the aggregate technical and commercial (AT&C) losses of electricity distribution companies (discoms) to under 15% by FY19-end virtually nil, the government has cited factors such as inadequate hikes in power tariffs,
The dues that power distribution companies (Discoms) owe generation companies (Gencos) have crossed ₹40,000 crore, according to industry players.
Making UDAY 2.0 deliver: State electricity boards and states must face large penalties to learn lesson
Even when it first began, the UDAY scheme to turnaround stressed state electricity boards (SEBs) looked too ambitious; while the plan envisaged tariff hikes, these were to be kept to a minimum since the fulcrum around which
With the electricity watchdog paving the way for group net metering and virtual net metering wherein multiple electricity consumers can be beneficiaries to a single solar plant,
There is an ambition that, by 2022, 70% of all homes in Asia will be connected via smart meters. World Bank estimates India’s energy efficiency potential alone at $11 billion. According to National Ujala Dashboard,