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.
