CERC notifies tariff regulations for green power

The Hindu , Friday, September 18, 2009
Correspondent : Special Correspondent

NEW DELHI: Central Electricity Regulatory Commission (CERC) on Thursday notified tariff regulations for green power generated from renewable energy sources in an effort to attract new investments in this sector. The regulations have been finalised keeping in view the statutory mandate to Electricity Regulatory Commission for promoting co-generation and generation of electricity from renewable sources of energy.

Addressing the press conference here, CERC Chairman Pramod Deo said these regulations assumed special importance in view of the National Action Plan on Climate Change which stipulated that minimum renewable purchase standards might be set at 5 per cent of the total power purchases in the year 2010 and thereafter should increase by one percentage point each year for ten years.

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 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.

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.

 
SOURCE : http://www.hindu.com/2009/09/18/stories/2009091856181600.htm
 


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