Guidelines for tariff based competitive bidding process for procurement of firm and dispatchable power from grid connected renewable energy power projects with energy storage systems
Ministry of Power has notified Guidelines for Tariff Based Competitive Bidding Process for Procurement of Firm and Dispatchable Power from Grid Connected Renewable Energy Power Projects with Energy Storage Systems. These guidelines were notified on 9th June, 2023. Promotion of competition in the electricity industry in India is one of the key objectives of the Electricity Act, 2003. To further this objective, the Indian government has issued new guidelines aimed at enabling the procurement of firm and dispatchable renewable energy (RE) power with energy storage through tariff-based competitive bidding. The guidelines specifically focus on the procurement of firm and dispatchable power from grid-connected RE power projects. Firm and Dispatchable RE power refers to the supply of electricity according to the specified demand profile mentioned in the Request for Selection (RfS) or bidding documents.