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Legal Central Ministry of Finance Electricity Act, 2003

Issuance of Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2024

12-Jun-2024 | No.: RA-14026(11)/1/2023-CERC

Central Electricity Regulatory Commission has issued Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2024, effective from 1st July, 2024 and shall remain in force up to 31st March, 2027. Highlights of the update are: 1. These regulations apply to the determination of tariffs for grid-connected generating stations or units commissioned during the Control Period and based on renewable energy sources, as per Section 62 and Section 79 of the Act. They specifically cover a range of projects, including wind power projects, small hydro projects, biomass power projects with Rankine cycle technology, non-fossil fuel-based co-generation projects, solar PV power projects, floating solar projects, solar thermal power projects, renewable hybrid energy projects, renewable energy with storage projects, biomass gasifier-based power projects, biogas-based power projects, municipal solid waste-based power projects, and refuse derived fuel-based municipal solid waste power projects. These regulations are applicable provided that the projects fulfill the eligibility criteria specified in Regulation 4 of these Regulations. 2. The renewable energy project developer shall recover from the beneficiaries the statutory charges imposed by the State and Central Government, such as electricity duty on auxiliary consumption, subject to the maximum of normative auxiliary consumption. 3. In case the payment of any bill for charges payable under these regulations is delayed beyond a period of 45 days from the date of presentation of bills, a late payment surcharge as specified in the Ministry of Power - Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 as amended from time to time shall be levied by the generating company. Refer to the attached document for more information.

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