What is RPO ?
Under Section 86(1) (e) of the Electricity Act 2003 ("EA 2003") and the National Tariff Policy 2006, Renewable purchase obligation (RPO), is a mechanism by which the obligated entities are obliged to purchase certain percentage of electricity from Renewable Energy sources, as a percentage of the total consumption of electricity. RPOs are categorized as Solar and Non Solar RPO. With the objective to achieve the target of 500 GW of renewable energy by 2030, including solar energy capacity of 280 GW, Ministry of Power (MoP) have notified the target RPO trajectory up to year 2029-30 and JSERC have notified the target RPO trajectory up to year 2023-24. The RPO targets specified for solar and non-solar power are to be adhered and met uniformly by the Obligated Entities. Obligated Entities (which includes Discoms, Open Access Consumers and Captive power producers) are obligated to purchase a minimum share of their electricity from renewable energy sources as per RPO targets.
Objectives
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Last Updated on: 03-11-2024 09:50:10