What is a Group Captive Power Scheme?
Group Captive Power Scheme in India was introduced in 2005. A group captive scheme is where someone develops a power plant for collective usage of many commercial consumers. The developer should have at least 26% of the equity and has to consume at least 51% of the power produced. The term “captive power scheme” was introduced in the Electricity Rule, 1995.
Advantages of Group Captive Scheme
Cheaper Price: Industrial tariffs tend to be higher and it effects the profit maximization. This way, industries will get cheaper rate.
Cross Subsidy: By section 42 of The Electricity Act, 2003 the consumers of captive power scheme are exempt from paying cross subsidy charges.
Power Cuts: In case of a power cut, industrial consumers face heavy productivity losses leading to financial losses. Group captive scheme, circumvents this frustrating problem entirely.
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