What is Electricity banking?

Electricity banking in Tamil Nadu, introduced in 1986, promotes wind energy generation for captive and third-party open access. It operates like a savings account: excess energy generated by wind or solar projects is supplied to the electricity distribution company (discom) and can be withdrawn later. Customers pay 'banking charges' instead of earning interest.

https://www.ceew.in/cef/quick-reads/explains/what-is-banking
What is Electricity banking? Electricity banking in Tamil Nadu, introduced in 1986, promotes wind energy generation for captive and third-party open access. It operates like a savings account: excess energy generated by wind or solar projects is supplied to the electricity distribution company (discom) and can be withdrawn later. Customers pay 'banking charges' instead of earning interest. https://www.ceew.in/cef/quick-reads/explains/what-is-banking
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