The Union Cabinet has approved inking of an agreement between Forum of Regulators (FOR) and National Associations of Regulatory Utility Commissioners (NARUC) for large-scale grid integration of renewable energy.
According to an official statement, “The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between FOR and National Association of Regulatory Utility Commissioners (NARUC) in the area of large-scale grid integration of renewable energy.”
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 will enhance the efforts of India’s power system for better management of large-scale integration of renewable energy into the power grid.
The statement further said, 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.
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