The Central Electricity Regulatory Commission (CERC), the country’s apex power regulator, has announced tariff norms for power generated from renewable energy sources.
“The new tariff norms are expected to promote new investments so that supply of renewable electricity could expand to meet the goals stipulated in the National Action Plan,” said CERC Chairman Pramod Deo.
The National Action Plan on Climate Change has recommended that a minimum of 5 per cent of the power bought by a state should come from renewable energy sources. This share of green energy in the total power bought by a state should further go up to 15 per cent by 2020.
The new tariff norms would be applicable for a period of 13 years, except solar power plants for whom the tariff will be applicable for 25 years. The tariff for small hydro plants has been kept at 35 years.