logo
#

Latest news with #CentralFinancialAssistance

Live in a flat? You can still go solar — Here's how India's new policy makes it possible
Live in a flat? You can still go solar — Here's how India's new policy makes it possible

Time of India

time05-06-2025

  • Business
  • Time of India

Live in a flat? You can still go solar — Here's how India's new policy makes it possible

But there's one problem: You don't own the roof, and neither do the hundred other families living in the building. In India's densely populated cities, this is not an exception- it's a rule. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Imagine living in a rented flat in a high-rise building in Mumbai. You want to go solar—not just to reduce your electricity bill, but to contribute to a greener future. But there's one problem: you don't own the roof, and neither do the hundred other families living in the building. In India's densely populated cities, this is not an exception—it's the India's rooftop solar mission has made headlines, it has quietly left out a significant portion of its urban population: renters, apartment dwellers, and housing societies. But a quiet innovation—Virtual Net Energy Metering (VNEM)—is now being looked at as a powerful solution that could bring the solar revolution to every city balcony, rented flat, and cooperative society. The question is: can it scale, and will policymakers make it mainstream before the opportunity slips away? Virtual Net Energy Metering allows multiple electricity consumers—such as tenants in a building or members of a housing society—to collectively benefit from a single rooftop solar installation. Rather than each consumer installing separate solar panels, a shared system can be installed on a common roof or another designated location, with the energy credits distributed virtually to individual electricity model is particularly attractive for cities like Delhi, Mumbai, Pune, Hyderabad, and Bengaluru, where high-rise living and rented accommodations are the norm. It enables democratised access to solar energy without needing direct rooftop ownership.'Consumers in cities are eager to participate in solar programs, but lack of rooftop access is a deal-breaker. VNEM solves that problem,' says Rahul Raizada, Partner – Climate and Energy, PwC has shown early signs of embracing VNEM. The Ministry of New and Renewable Energy (MNRE) released operational guidelines in June 2024 under the PM Surya Ghar: Muft Bijli Yojana, which allows installations under group net metering and VNEM to be eligible for Central Financial Assistance (CFA). Sujjain Talwar , Co-Founding Partner, Economic Laws Practice, notes: 'The 2024 guidelines allow renters and housing societies to benefit from VNEM. But implementation is still fragmented across states.'Currently, states like Maharashtra and Madhya Pradesh have introduced VNEM through regulatory commission orders, but there is no unified national regulation. Electricity, being a concurrent subject under the Indian Constitution, means each State Electricity Regulatory Commission (SERC) has its own interpretation, criteria, and approval adds, 'The Forum of Regulators should ideally release model VNEM regulations to drive uniformity and scale.'Despite the policy intent, real-world implementation remains a challenge. According to Raizada, VNEM alone is not enough—it must be accompanied by a comprehensive strategy that includes:1. Smart metering at the LT (low-tension) level, which is currently lacking2. Granular load flow studies, so DISCOMs can assess how shared solar affects their grids3. Consumer-meter coordination systems, to virtually assign energy credits accurately4. Billing system upgrades, especially for LT consumers'Our current billing infrastructure was not designed for dynamic, multi-user energy crediting,' says Raizada. 'VNEM at scale will require major software upgrades and rethinking of how we track and allocate solar units.'Perhaps the biggest invisible barrier to VNEM adoption is utility resistance. Distribution companies (DISCOMs), already under financial stress, fear that large-scale adoption of VNEM could erode their high-paying urban consumer base.'VNEM is seen as a threat to DISCOM revenue stability. But it doesn't have to be,' Raizada explains. 'If implemented strategically—with safeguards like time-of-day settlements, credit caps, and integration with storage—it could actually reduce peak demand stress and grid congestion.'DISCOMs could also be incentivised to identify high-density areas where VNEM makes grid sense—like high-rise apartments or commercial zones with constrained distribution potential enabler lies in emerging digital technologies. Blockchain, for example, offers a transparent and tamper-proof way to track solar generation, consumption, and credit allocation.'Blockchain could automate VNEM settlements and resolve disputes, especially when multiple users are involved,' Raizada the operational layer, third-party ownership models—offered by Independent Power Producers (IPPs) and Energy Service Companies (ESCOs)—can help address the issue of maintenance, performance, and billing, making VNEM more attractive to housing Delhi, several institutional users and RWAs have tested group net metering, while Chandigarh has proactively piloted community solar models under the guidance of CREST (Chandigarh Renewable Energy and Science & Technology Promotion Society).These examples show that with the right incentives and outreach, VNEM can succeed. However, experts caution that the model needs customization—urban India is not monolithic, and VNEM designs must accommodate different ownership patterns, tariff structures, and utility VNEM to truly revolutionize urban solar in India, the following must fall into place:1. Standardised regulations across states, ideally guided by model VNEM rules from the Forum of Regulators2. Digital upgrades to LT billing systems and smart meters3. Incentives for DISCOMs to adopt VNEM in grid-stressed urban zones4. Consumer education campaigns to build awareness of shared solar models5. Mandating inclusion of VNEM in PM Surya Ghar rollouts for high-density housing'Without solving for renters and multi-tenanted buildings, rooftop solar will remain a limited solution in India,' says solar ambitions are bold and necessary. But they cannot be fulfilled unless we bring everyone along—not just homeowners with south-facing rooftops, but also renters in high-rises, families in old DDA flats, and tenants in gated Net Energy Metering is not just a policy innovation. It's a path to solar equity, urban energy inclusion, and real climate resilience in our growing a revolution waiting to be scaled. And with the right wires connected—policy, technology, and infrastructure—it just might power the next big chapter of India's clean energy journey.

Live in a flat? You can still go solar — Here's how India's new policy makes it possible
Live in a flat? You can still go solar — Here's how India's new policy makes it possible

Time of India

time04-06-2025

  • Business
  • Time of India

Live in a flat? You can still go solar — Here's how India's new policy makes it possible

Imagine living in a rented flat in a high-rise building in Mumbai. You want to go solar—not just to reduce your electricity bill, but to contribute to a greener future. But there's one problem: you don't own the roof, and neither do the hundred other families living in the building. In India's densely populated cities, this is not an exception—it's the rule. While India's rooftop solar mission has made headlines, it has quietly left out a significant portion of its urban population: renters, apartment dwellers, and housing societies. But a quiet innovation—Virtual Net Energy Metering (VNEM)—is now being looked at as a powerful solution that could bring the solar revolution to every city balcony, rented flat, and cooperative society. The question is: can it scale, and will policymakers make it mainstream before the opportunity slips away? What is VNEM, and why is it a game changer for urban India? Virtual Net Energy Metering allows multiple electricity consumers—such as tenants in a building or members of a housing society—to collectively benefit from a single rooftop solar installation. Rather than each consumer installing separate solar panels, a shared system can be installed on a common roof or another designated location, with the energy credits distributed virtually to individual electricity accounts. This model is particularly attractive for cities like Delhi, Mumbai, Pune, Hyderabad, and Bengaluru, where high-rise living and rented accommodations are the norm. It enables democratised access to solar energy without needing direct rooftop ownership. 'Consumers in cities are eager to participate in solar programs, but lack of rooftop access is a deal-breaker. VNEM solves that problem,' says Rahul Raizada , Partner – Climate and Energy, PwC India. The policy framework: Some progress, but no national push India has shown early signs of embracing VNEM. The Ministry of New and Renewable Energy (MNRE) released operational guidelines in June 2024 under the PM Surya Ghar : Muft Bijli Yojana, which allows installations under group net metering and VNEM to be eligible for Central Financial Assistance (CFA). Sujjain Talwar , Co-Founding Partner, Economic Laws Practice, notes: 'The 2024 guidelines allow renters and housing societies to benefit from VNEM. But implementation is still fragmented across states.' Currently, states like Maharashtra and Madhya Pradesh have introduced VNEM through regulatory commission orders, but there is no unified national regulation. Electricity, being a concurrent subject under the Indian Constitution, means each State Electricity Regulatory Commission (SERC) has its own interpretation, criteria, and approval mechanism. Talwar adds, 'The Forum of Regulators should ideally release model VNEM regulations to drive uniformity and scale.' Implementation challenges: A web of infrastructure and institutional gaps Despite the policy intent, real-world implementation remains a challenge. According to Raizada , VNEM alone is not enough—it must be accompanied by a comprehensive strategy that includes: 1. Smart metering at the LT (low-tension) level, which is currently lacking 2. Granular load flow studies, so DISCOMs can assess how shared solar affects their grids 3. Consumer-meter coordination systems, to virtually assign energy credits accurately 4. Billing system upgrades, especially for LT consumers 'Our current billing infrastructure was not designed for dynamic, multi-user energy crediting,' says Raizada. 'VNEM at scale will require major software upgrades and rethinking of how we track and allocate solar units.' DISCOM resistance: Revenue concerns and grid complexity Perhaps the biggest invisible barrier to VNEM adoption is utility resistance. Distribution companies (DISCOMs), already under financial stress, fear that large-scale adoption of VNEM could erode their high-paying urban consumer base. 'VNEM is seen as a threat to DISCOM revenue stability. But it doesn't have to be,' Raizada explains. 'If implemented strategically—with safeguards like time-of-day settlements, credit caps, and integration with storage—it could actually reduce peak demand stress and grid congestion.' DISCOMs could also be incentivized to identify high-density areas where VNEM makes grid sense—like high-rise apartments or commercial zones with constrained distribution capacity. Can technology help scale VNEM? One potential enabler lies in emerging digital technologies. Blockchain, for example, offers a transparent and tamper-proof way to track solar generation, consumption, and credit allocation. 'Blockchain could automate VNEM settlements and resolve disputes, especially when multiple users are involved,' Raizada says. In the operational layer, third-party ownership models—offered by Independent Power Producers (IPPs) and Energy Service Companies (ESCOs)—can help address the issue of maintenance, performance, and billing, making VNEM more attractive to housing societies. Early success stories: Delhi and Chandigarh show the way In Delhi, several institutional users and RWAs have tested group net metering, while Chandigarh has proactively piloted community solar models under the guidance of CREST (Chandigarh Renewable Energy and Science & Technology Promotion Society). These examples show that with the right incentives and outreach, VNEM can succeed. However, experts caution that the model needs customization—urban India is not monolithic, and VNEM designs must accommodate different ownership patterns, tariff structures, and utility capabilities. What needs to happen now For VNEM to truly revolutionize urban solar in India, the following must fall into place: 1. Standardised regulations across states, ideally guided by model VNEM rules from the Forum of Regulators 2. Digital upgrades to LT billing systems and smart meters 3. Incentives for DISCOMs to adopt VNEM in grid-stressed urban zones 4. Consumer education campaigns to build awareness of shared solar models 5. Mandating inclusion of VNEM in PM Surya Ghar rollouts for high-density housing 'Without solving for renters and multi-tenanted buildings, rooftop solar will remain a limited solution in India,' says Talwar. Conclusion: A revolution waiting for its moment India's solar ambitions are bold and necessary. But they cannot be fulfilled unless we bring everyone along—not just homeowners with south-facing rooftops, but also renters in high-rises, families in old DDA flats, and tenants in gated societies. Virtual Net Energy Metering is not just a policy innovation. It's a path to solar equity, urban energy inclusion, and real climate resilience in our growing cities. It's a revolution waiting to be scaled. And with the right wires connected—policy, technology, and infrastructure—it just might power the next big chapter of India's clean energy journey.

Raja Khas becomes Himachal's first solar model village
Raja Khas becomes Himachal's first solar model village

Time of India

time27-05-2025

  • Business
  • Time of India

Raja Khas becomes Himachal's first solar model village

Raja Khas , a village located in the Indora sub-division of Kangra district , Himachal Pradesh , has earned the distinction of becoming Himachal's first Solar Model Village , Deputy Commissioner Hemraj Bairwa informed on Tuesday. Chairing a meeting of the District-Level Coordination Committee (DLCC) under the PM Surya Ghar: Muft Bijli Yojana, Bairwa said that Raja Khas has emerged as the top-performing village among 43 short-listed villages in Kangra district. These villages had been participating in a six-month-long competition aimed at selecting an ideal solar energy village based on solar installation performance, a statement issued here said. "The government will provide a grant of ₹1 crore for solar development in Raja Khas, setting a model for green energy adoption in rural areas," he added. The DC said that a Model Solar Village Implementation Agency has been nominated to prepare a Detailed Project Report (DPR) and spearhead the transformation of the village into a fully solar-powered settlement. He emphasized that the PM Surya Ghar Scheme will be implemented efficiently across the district to promote clean energy and reduce dependency on conventional power sources. Project Officer of Himachal Pradesh Energy Development Agency (Himurja) and DLCC Member Secretary Ramesh Thakur said that the implementation of the scheme is being handled by the Himachal Pradesh State Electricity Board Ltd, while Himurja has been designated as the nodal agency for monitoring its progress. He further elaborated that key components of the scheme include Central Financial Assistance (CFA) for domestic consumers, solar energy saturation in government buildings, incentives for local bodies, and the development of Adarsh Urja Grams (Model Energy Villages).

Raja Khas becomes Himachal's first solar model village
Raja Khas becomes Himachal's first solar model village

Time of India

time27-05-2025

  • General
  • Time of India

Raja Khas becomes Himachal's first solar model village

Raja Khas, a village located in the Indora sub-division of Kangra district , Himachal Pradesh , has earned the distinction of becoming Himachal's first Solar Model Village , Deputy Commissioner Hemraj Bairwa informed on Tuesday. Chairing a meeting of the District-Level Coordination Committee (DLCC) under the PM Surya Ghar: Muft Bijli Yojana, Bairwa said that Raja Khas has emerged as the top-performing village among 43 short-listed villages in Kangra district. These villages had been participating in a six-month-long competition aimed at selecting an ideal solar energy village based on solar installation performance, a statement issued here said. "The government will provide a grant of Rs 1 crore for solar development in Raja Khas, setting a model for green energy adoption in rural areas," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top-Podologe sagt: Das hier wirkt bei Nagelpilz wie ein Hochdruckreiniger Gesundheitswoche Mehr erfahren Undo The DC said that a Model Solar Village Implementation Agency has been nominated to prepare a Detailed Project Report (DPR) and spearhead the transformation of the village into a fully solar-powered settlement. He emphasized that the PM Surya Ghar Scheme will be implemented efficiently across the district to promote clean energy and reduce dependency on conventional power sources. Live Events Project Officer of Himachal Pradesh Energy Development Agency (Himurja) and DLCC Member Secretary Ramesh Thakur said that the implementation of the scheme is being handled by the Himachal Pradesh State Electricity Board Ltd, while Himurja has been designated as the nodal agency for monitoring its progress. He further elaborated that key components of the scheme include Central Financial Assistance (CFA) for domestic consumers, solar energy saturation in government buildings, incentives for local bodies, and the development of Adarsh Urja Grams (Model Energy Villages).

Raja Khas becomes Himachals first solar model village
Raja Khas becomes Himachals first solar model village

Mint

time27-05-2025

  • Business
  • Mint

Raja Khas becomes Himachals first solar model village

Dharamshala (HP), May 27 (PTI) Raja Khas, a village located in the Indora sub-division of Kangra district, Himachal Pradesh, has earned the distinction of becoming Himachal's first Solar Model Village, Deputy Commissioner Hemraj Bairwa informed on Tuesday. Chairing a meeting of the District-Level Coordination Committee (DLCC) under the PM Surya Ghar: Muft Bijli Yojana, Bairwa said that Raja Khas has emerged as the top-performing village among 43 short-listed villages in Kangra district. These villages had been participating in a six-month-long competition aimed at selecting an ideal solar energy village based on solar installation performance, a statement issued here said. "The government will provide a grant of ₹ 1 crore for solar development in Raja Khas, setting a model for green energy adoption in rural areas," he added. The DC said that a Model Solar Village Implementation Agency has been nominated to prepare a Detailed Project Report (DPR) and spearhead the transformation of the village into a fully solar-powered settlement. He emphasized that the PM Surya Ghar Scheme will be implemented efficiently across the district to promote clean energy and reduce dependency on conventional power sources. Project Officer of Himachal Pradesh Energy Development Agency (Himurja) and DLCC Member Secretary Ramesh Thakur said that the implementation of the scheme is being handled by the Himachal Pradesh State Electricity Board Ltd, while Himurja has been designated as the nodal agency for monitoring its progress. He further elaborated that key components of the scheme include Central Financial Assistance (CFA) for domestic consumers, solar energy saturation in government buildings, incentives for local bodies, and the development of Adarsh Urja Grams (Model Energy Villages).

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store