The Power Ministry this week rolled out a portal and a mobile app to assist states to choose power manufacturers via e-bidding to obtain power by giving them local area coal under the supple usage of dry fuel strategy. Originally, this will assist states to accumulate up to Rs 4,000 Crore per year and they might be able to accumulate almost Rs 20,000 Crore in coming 5 Years, it claimed.
Piyush Goyal, the Power Minister, rolled out the portal and the Merit Order Dispatch of Electricity for Rejuvenation of Income and Transparency (MERIT) app for offering e-bidding services to states to choose Independent Power Producers (IPPs). “The web portal and the app might result in best utilization of coal that might save the user close to Rs 20,000 Crores in 5 Years down the line,” Goyal claimed to the media.
He claimed that use of tech to elevate accountability and transparency as well as to give utmost benefit to the user indicates a 360-degree method of the current government. The MERIT order stack is an ordinary approach to the issue of lowering the amount of generators operating prices while honoring the functional restraints of the current generation to supply the need in a reliable and secure way.
A Senior Official also claimed that originally, this will assist states to accumulate Rs 3,000–4,000 Crore each year while obtaining power. The Tariff Policy of 2016 states that the DISCOMs/States shall pursue MERIT order for obtaining power and there should be consistency in MERIT order system. Most of the states pursue MERIT order system; on the other hand, information in this regard is required to be made available transparently.
The app shows an extensive range of data related to the MERIT order such as daily source-wise power trade of individual states/UTs with source-wise fixed variable costs, everyday state-wise trivial variable costs of all generators, energy volumes, and purchase prices.
Well, the launch of the MERIT app will indeed be a boon for the states, the users, as well as the government since it allows us to save the money that can be used wisely in future.