Policy and Regulatory Environment for Utility-Scale Energy Storage: India

Abstract

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Energy Storage in South Asia: Understanding the Role of Grid-Connected Energy Storage in South Asia’s Power Sector Transformation

“…This seasonal trend is due to higher price differential in these months caused by dispatch of costly gas generation and transmission congestion. This trend also correlates with the actual price differential observed during these months in power exchange prices in 2018 and 2019 (Rose, Wayner, et al 2020).…”

“…Cost projections and performance characteristics for storage technologies are middle of the road based on several projections analyzed (see Section 2.3). Additionally, the regulatory environment created for the Reference Case is somewhat optimistic, allowing storage to receive credit for capacity and to participate in energy markets as both a source of electricity demand and generation, which is not currently allowed, but for which there is regulatory momentum to make these changes (Rose, Wayner, et al 2020).…”

Accomplishments and challenges of metrics for sustainable energy, population, and economics as illustrated through three countries

“…Bangladesh Bangladesh is a rapidly growing, developing nation with an increasing appetite for energy, with energy consumption growing by 4.5% a year, alongside 6.9% annual economic growth (Enerdata, 2023). As Bangladesh aims to improve the quality of life of its populace, access to electricity is rapidly increasing, from approximately 55% in 2010, to 96% in 2020; however, grid reliability and resilience remains an issue and access to clean fuels for cooking is still limited to just 25% of households (Rose et al, 2020;Our World in Data, 2021).…”