Solar plants in Uttar Pradesh will now get a life-long, power-banking facility, a process under which they will be able to deposit excess power in the grid and withdraw it when they need to sell it to customers.
Using its exceptional powers under the section 108 of the Electricity Act, 2003, the state government has directed the UP Electricity Regulatory Commission (UPERC) to make necessary changes in its current regulations to pave the way for the power-banking facility for solar plants during their entire life term.
Tamil Nadu and Chhattisgarh are said to be the only two other states in the country to have made provisions for power-banking facility for an open-ended period for renewable power-generating plants.
