Tag: Pv Panels

How Revised MERC Tariff Is Going To Affect The Consumers

by vemcoblogs -

The coronavirus pandemic has not only slowed down everyday life but has also wreaked havoc on India’s economy as businesses and trades all across the nation are floundering to stay afloat, and the average middle-class individuals are struggling to make ends meet in the absence of functioning work sources. In this bleak scenario, the recent revision of the Maharashtra Electricity Regulatory Commission (MERC) tariff has slashed the price for power distribution companies in an attempt to boost the state’s economy but is it enough? Or is it time to switch to more renewable sources of energy like solar street lights, solar inverters, etc.

Having been applied since April 1, the MERC rates have been reduced for the first time in 10-15 years. 

The Impact of the Revision on Consumers

The tariff has been reduced by 5-7% for domestic consumers, while industrial and commercial consumers now avail the benefit of the prices being reduced by 10-12%. But compared to these high benefits, the tariff has been barely reduced for agriculture consumers – farmers received only a 1% reduction in electricity costs.

These revisions are for a period of five years and will allow power distribution companies to supply to consumers at a much lower rate. 

Still find it costly? Well, all you have to do is switch to a “solar” lifestyle with VEMCL’s aid! From solar rooftop to ground mount solutions and off-grid to on-grid solutions, we are here to make your smart transition easier with your particular need specific customised solutions.

Impact Of Pandemic COVID – 19 On Solar Business

by vemcoblogs -

There is no section of human life that hasn’t been affected by the novel coronavirus pandemic. This includes the solar energy business too, which has taken a hit as well, but unlike other sectors, not only has it not been too severely affected but is also expected to recover a lot quicker!

Many global industry analysts had predicted that there would be a shortage of solar wafers, module glass, and other components in China, which would, in turn, lead to a rise in solar component prices, but thankfully, no such escalation has been observed, though there have been disruptions in the supply chain. 

When it comes to the solar energy business, China dominates the PV modules market with India as one of its biggest buyers. In fact, Chinese firms provide 80% of the solar cells and modules used in India as they make up for 40-60% of the total cost of a solar energy project. Luckily, nearly 80% of the solar industry in China has already recovered and whatever supply chain disruptions have taken place are expected to be fully restored in some time. 

When it comes to the solar energy business, China dominates the PV modules market with India as one of its biggest buyers. In fact, Chinese firms provide 80% of the solar cells and modules used in India as they make up for 40-60% of the total cost of a solar energy project. Luckily, nearly 80% of the solar industry in China has already recovered and whatever supply chain disruptions have taken place are expected to be fully restored in some time. 

As the curve of the pandemic has almost flattened in China, employees are gradually resuming work as restrictions are being eased, which means that export of many solar energy-related materials like PV panels, aluminium frames, used in the creation of solar grid system, and other key components like solar inverters, module mounts, etc. has now become possible.