Current Affairs
Daily Bits

National Open Access Registry(NOAR)

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    4th May, 2022

National Open Access Registry (NOAR) has successfully gone live from 1st May 2022.

Context

National Open Access Registry (NOAR) has successfully gone live from 1st May 2022.

What is NOAR?

  • The NOAR platform is Launched by the Ministry of Power.
  • NOAR is a centralized online platform through which the short-term open access to the inter-state transmission system is being managed in India.
  • It is an integrated platform accessible to all stakeholders in the power sector, including open access customers (both sellers and buyers), power traders, power exchanges, National/Regional/State LDCs and others.
  • The platform provides automation in the workflow to achieve shorter turnaround time for the transactions.
  • NOAR platform also has a payment gateway integrated for making payments related to interstate short-term open access transactions.
  • NOAR platform provides transparency and seamless flow of information among stakeholders of open access.

Key-features

  • Centralized System: Single point electronic platform for all the stakeholders.
  • Automated Process: Automated administration process of short-term open access.
  • Common Interface: Interface with the RLDCs scheduling applications and Power Exchanges (s).
  • Payment Gateway: Make payments related to STOA transactions.

Significance

  • 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.

Verifying, please be patient.

X