MERC Introduces Virtual Net Metering in Rooftop Solar Regulations
The Maharashtra Electricity Regulatory Commission (MERC) has introduced virtual net metering in rooftop solar regulations, allowing multiple consumers to share the benefits of a single solar power system.
MercVirtual Net MeteringRooftop SolarOpen Access ChargesRenewable EnergyReal Estate MaharashtraSep 09, 2024
Virtual net metering is a system where multiple consumers can share the benefits of a single solar power system. This can be particularly useful in multi-storey buildings where multiple residents can share the benefits of a single solar power system.
The MERC has also reduced the open access charges for rooftop solar, making it more viable for consumers to adopt rooftop solar. The commission has also introduced a new tariff structure for rooftop solar, which will provide a better return on investment for consumers.
The introduction of virtual net metering and the reduction in open access charges are expected to boost the adoption of rooftop solar in Maharashtra. The state has set a target of achieving 2 GW of rooftop solar capacity by 2025, and these measures are expected to help achieve this target.
The MERC has also emphasized the need for energy storage solutions to be integrated with rooftop solar systems. The commission has noted that energy storage solutions can help stabilize the grid and provide a better return on investment for consumers.
The introduction of virtual net metering and the reduction in open access charges are a positive step towards promoting rooftop solar in Maharashtra. The state has the potential to become a leader in rooftop solar, and these measures will help achieve this goal.
Maharashtra has been at the forefront of promoting renewable energy, and the introduction of virtual net metering is another step in this direction. The state has set ambitious targets for renewable energy, and these measures will help achieve these targets.
The MERC has also noted that the introduction of virtual net metering will provide a boost to the renewable energy sector in the state. The commission has emphasized the need for renewable energy to play a major role in the state's energy mix.
In conclusion, the introduction of virtual net metering in rooftop solar regulations is a positive step towards promoting rooftop solar in Maharashtra. The reduction in open access charges and the introduction of a new tariff structure will provide a better return on investment for consumers. The state has the potential to become a leader in rooftop solar, and these measures will help achieve this goal.
Information
The Maharashtra Electricity Regulatory Commission (MERC) is the regulatory body for the power sector in Maharashtra. The commission is responsible for regulating the power sector in the state and promoting renewable energy.
The Maharashtra Electricity Regulatory Commission (MERC) is a statutory body established under the Electricity Regulatory Commissions Act, 1998. The commission is responsible for regulating the power sector in Maharashtra and promoting renewable energy.
Keywords MERC, virtual net metering, rooftop solar, open access charges, renewable energy, multistorey buildings, Maharashtra, energy storage, net metering, solar capacity.
FAQs
Q What is virtual net metering?
A Virtual net metering is a system where multiple consumers can share the benefits of a single solar power system.
Q What are the benefits of virtual net metering?
A Virtual net metering allows multiple consumers to share the benefits of a single solar power system, making it more viable for consumers to adopt rooftop solar.
Q What are the open access charges for rooftop solar?
A The MERC has reduced the open access charges for rooftop solar, making it more viable for consumers to adopt rooftop solar.
Q What is the tariff structure for rooftop solar?
A The MERC has introduced a new tariff structure for rooftop solar, which will provide a better return on investment for consumers.
Q What is the target for rooftop solar capacity in Maharashtra?
A The state has set a target of achieving 2 GW of rooftop solar capacity by 2025.
Frequently Asked Questions
What is virtual net metering?
Virtual net metering is a system where multiple consumers can share the benefits of a single solar power system.
What are the benefits of virtual net metering?
Virtual net metering allows multiple consumers to share the benefits of a single solar power system, making it more viable for consumers to adopt rooftop solar.
What are the open access charges for rooftop solar?
The MERC has reduced the open access charges for rooftop solar, making it more viable for consumers to adopt rooftop solar.
What is the tariff structure for rooftop solar?
The MERC has introduced a new tariff structure for rooftop solar, which will provide a better return on investment for consumers.
What is the target for rooftop solar capacity in Maharashtra?
The state has set a target of achieving 2 GW of rooftop solar capacity by 2025.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.