Why in the News?
The Union Ministry of Power announced the formation of a task force to design the India Energy Stack (IES) — a new Digital Public Infrastructure (DPI) for the energy sector.
About India Energy Stack (IES):
- Overview: IES is a Digital Public Infrastructure (DPI) initiative by the Ministry of Power.
- Objective: It aims to create a unified, secure, and interoperable digital backbone for India’s entire energy ecosystem, including producers, grid operators, discoms, consumers, regulators, and markets.
- Task Force: It is led by a 17-member task force with Nandan Nilekani as Chief Mentor, and RS Sharma as Chairperson, supported by REC Ltd as the nodal agency.
- Implementation: A 12-month proof of concept (PoC) will pilot key components like the Utility Intelligence Platform (UIP) in states like Delhi, Gujarat, and Maharashtra.
- Larger Impact: It is expected to support India’s transition to Net Zero, manage increasing renewable energy share, and enable consumer participation in energy trading.
Key Features of India Energy Stack:
- Scalability and Integration: It supports the integration of smart meters, real-time analytics, and battery storage systems, aligning with India’s energy digitisation goals.
- Unique IDs: Provides digital identification for consumers, assets, and energy transactions, enabling seamless tracking and verification.
- Real-Time Data Sharing: Consent-based, standardised data exchange mechanisms between stakeholders improve efficiency and transparency.
- Open APIs: Allows integration of third-party solutions, encouraging innovation and energy fintech ecosystems.
- Interoperability: Facilitates communication between currently fragmented digital platforms used by different state utilities and regulators.
- Utility Intelligence Platform (UIP): A modular analytics layer to enable grid monitoring, load forecasting, demand-response, and consumer insights.
- Peer-to-Peer Energy Trading: Empowers prosumers (producers + consumers) to buy, sell, or store energy using a digital marketplace.
- Carbon Offset Tracking: Supports environmental compliance through transparent and verifiable emission reduction accounting.
- Decentralised Energy Management: Enables small-scale producers and communities to participate in energy markets via smart contracts and virtual power plants.
| [UPSC 2016] Which one of the following is a purpose of ‘UDAY’, a scheme of the Government?
(a) Providing technical and financial assistance to start-up entrepreneurs in the field of renewable sources of energy (b) Providing electricity to every household in the countries by 2018 (c) Replacing the coal-based power plants with natural gas, nuclear, solar, wind and tidal power plants over a period of time (d) Providing for financial turnaround and revival of power distribution companies* |
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