English Release 22-September 2014
- President's Secretariat
- President of India presented prizes and trophies to the winners of Rashtrapati Bhavan Football Tournament
- Writers and Artists ‘In-Residence’ call on the President
- President of India’s message on the eve of National Day of Saudi Arabia
- Prime Minister's Office
- Punjab CM calls on PM
- Election Commission
- General Election to Legislative Assemblies of Haryana & Maharashtra 2014 - Allotment of Broadcast/Telecast time to Political Parties – regarding
- Min of Agriculture
- Kharif Sowing Crosses 1015 Lakh Hectare Mark
- Min of Defence
- IAF Celbrates Commemoration of 50 Years as Part of
1965 Indo-Pak War
- BRO Annual Chief Engineers’ Conference 2014 : A Curtain Raiser
- Ministry of Finance
No Need to Open Another Bank Account to Avail of Benefits Under Pradhan Mantri Jan Dhan Yojana (PMJDY);
- Auction for Sale (Re-Issue) of Government Stocks
- Text of the Intervention Made by the Minister of State of Finance in the G20 Finance Minister’s Meeting on International Tax; Calls for Implementation of the New Global Standards on Automatic Exchange of Information with A Common Timeline and with Coverage of as Many Countries as Possible
- Min of Food Processing Industries
- New Initiatives/ Developments of Ministry of Food Processing Industries
- Min of Home Affairs
- Security is the first and foremost requirement for development; says Union Home Minister
- Min of Petroleum & Natural Gas
- Global crude oil price of Indian Basket was US$ 95.35 per bbl on 19.09.2014
- Ministry of Railways
- Indira Gandhi Rajbhasha Award to Ministry of Railways
- Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
- Sonowal Inaugurates National Academy for Athletics and National Golf Academy at Thiruvananthapuram, Kerala
- Minister of Skill Development, Entrepreneurship, Youth Affairs & Sports Sarbananda Sonowal congratulates Indian Medal Winners at Asian Games 2014
- Ministry of Water Resources
- Beki Flowing above Danger Mark in Assam
- Min of Women and Child Development
- A Two-Day Consultation by M/o Women & Child Development on National Nutrition Mission begins in New Delhi
Ministry of Power17-September, 2009 16:22 IST
|CERC notifies tariff regulations for green power|
|Central Electricity Regulatory Commission, CERC has notified the tariff regulations for electricity generated from renewable energy sources. These regulations have been finalized keeping in view the statutory mandate to Electricity Regulatory Commissions for promoting co-generation and generation of electricity from renewable sources of energy. The Tariff Policy had also mandated CERC to lay down guidelines for pricing non-firm power, especially from non-conventional sources to be followed in cases where such procurement is not through competitive bidding.
Addressing the press conference in New Delhi today, CERC Chairman, Dr. Pramod Deo said that these regulations assume special importance in view of the National Action Plan on Climate Change which stipulated that minimum renewable purchase standards may be set at 5% of the total power purchases in year 2010 and thereafter should increase by 1% each year for ten years. He said the new tariff regulations are expected to promote new investments so that renewable electricity supply could expand to meet the goals stipulated in the National Action Plan.
Specifying capital cost norms and fixing tariff upfront for the whole tariff period are the two main features of the new regulations. The regulations provide normative capital costs for projects based on different renewable technologies. These capital costs are to be revised every year for incorporating the relevant escalations. The norms themselves would be reviewed in the next control period which will start after a period of three years. However, the regulations has enabling provisions to review the capital cost norms for solar power projects every year in view of the fact that the costs for these technologies are expected to decline more rapidly.
However, the tariff permitted to a project under these regulations would apply for the whole tariff period which is 13 years. The tariff period for solar power has been kept as 25 years and for small hydro below 5 MW, it has been kept as 35 years in view of the special considerations required for these technologies. This feature of upfront tariff for whole tariff period is a major initiative to ensure regulatory certainty.
Tariff philosophy in these regulations is to give a preferential tariff to the projects based on renewable technologies during the period of debt repayment. Preference has been given mainly in respect of return on equity, shorter loan repayment period, higher normative interest on loan. Thereafter, these projects are expected to sale power through competitive route.
Tariff model adopted is levellized tariff in order to avoid front loading of tariff while at the same time ensuring adequate project IRR.
These regulations also provide that in case of solar power which is comparatively an evolving technology and also for other new technologies such as municipal waste based generation, the project developer can also approach Commission for a project specific tariff.
The Forum of Regulators has also agreed to implement Renewable Energy Certificate (REC) mechanism which will be an alternative route for fulfilling renewable purchase obligations. This mechanism is mainly aimed at addressing the mismatch between renewable resources availability in the local region and the renewable purchase obligations. CERC would play a supportive role for designing and regulating national level REC registry and REC market.
Further, in order to address the technical problems relating to absorption of large volumes of non-firm power such as wind in the grid, CERC has constituted an expert task force which has representation from Central Electricity Authority, States, System Operator and C-WET. The Task Force has been mandated to give recommendations in respect of forecasting of generation from these technologies, ensuring grid reliability and equitable sharing of costs involved in ensuring reliable operations. The Task Force would also recommend appropriate grid connectivity standards for renewable sources based generating stations.
(Release ID :52706)