What is the News?
National Open Access Registry(NOAR) has successfully gone live from 1st May 2022.
What is the National Open Access Registry(NOAR)?
Launched by: Ministry of Power.
Purpose: It is a centralized online platform through which short-term open access to the interstate transmission system is being managed in India.
The platform is accessible to all stakeholders including open access participants, traders, power exchanges, and national/regional/state load despatch centres.
The platform also has a payment gateway integrated for making payments related to interstate short-term open access transactions.
Nodal Agency: National Load Despatch Centre(NLDC) operated by Power System Operation Corporation Limited (POSOCO).
Benefits of the Platform: NOAR would be key to facilitate faster electricity markets and enable the integration of Renewable Energy (RE) resources into the grid.
– It will also enable seamless market participation by the open-access consumer with easier and faster access to the short-term electricity market comprising about 10% of all India demand.
Source: The post is based on the article “National Open Access Registry(NOAR) goes live successfully” published in PIB on 2nd May 2022.