K'taka to permit recurring energy banking for renewable energy projects

18 Apr 2023 CW Team

In order to improve grid stability and energy demand management, the Karnataka Electricity Regulatory Commission (KERC) has officially permitted monthly energy banking for renewable energy generators.

The state used to have an annual settlement system for its energy banking.

Under its green energy open access standards, the new structure now includes wheeling agreements for renewable energy projects.

Banking

A list of consumers and the amount of power to be supplied to each of them must be provided by the company 15 days before the start of the project. Any changes to this list must likewise be disclosed 15 days in advance.

The business is required by WBA to distribute 100% of the energy produced to its clients at the end of each month. Any leftover energy will be billed to ESCOM in accordance with the relevant pricing. The ESCOMs will charge non-exclusive consumers for open access fees, and they will collect open access fees from exclusive customers. During system restrictions, power outages or load shedding may be implemented.

Also read:
MSEDCL seeking bids for 615 MW Solar Projects in Maharashtra
EU introduces first Renewable Energy Financing Mechanism tender

Real Estate

18 Jun 2025

Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases鈥攖easer, engagement, and launch. The campaign spotlighted the brand鈥檚 renewed commitment to designing homes that go beyond function to foster ..

Resources

18 Jun 2025

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25鈥�26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India鈥檚 office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025鈥�26.聽By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days鈥攗shering in a new bench..

Real Estate

18 Jun 2025

TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..