Centre proposes uniform tariff for renewable energy procurement by states

Monthly revision of rates for states to purchase RE

In a sweeping change, the Union Ministry of Power has proposed a uniform tariff for renewable energy (RE) procurement by states. This will apply to the projects offered by the Centre through SECI (the erstwhile Solar Energy Corporation of India), a Central government enterprise and nodal renewable projects tendering body.

While the reverse-bidding mechanism will continue for RE projects, SECI will calculate an average tariff every month for every source —solar, wind, hydro, and hybrid.

Sector executives said the move was to ensure states did not renege on their contracts to purchase power from renewable sources.

In recent years, several