The Rajasthan Electricity Regulatory Commission (RERC) has issued draft regulations for as a second amendment to the terms and Conditions for determination of tariff for renewable energy sources, specifically Wind and Solar Energy in the state.
The latest amendments/regulation will supersede the regulations for determining tariffs which were first issued in 2014.
RERC will determine project-specific tariff, on a case-to-case basis, for solar photovoltaic, solar thermal, wind and other renewable energy projects in Rajasthan.
A petition for the determination of project-specific tariff must be accompanied by a fee determined by RERC.
Detailed project report outlining technical and operational details, site-specific aspects, the premise for capital cost and financing plan, details of installation, manufacturer’s/supplier’s guaranteed and other technical particulars, recommended operation and maintenance practices and public safety requirements need to be submitted along with a petition for tariff determination.
The dispatch principles for the electricity generated from wind and solar energy projects will be according to the provisions of the Central Electricity Regulatory Commission (Indian Electricity Grid Code) Regulations, 2010, except for cases where specific provisions have been made by the RERC.
For project specific tariff determination, the generating company will submit the break-up of capital cost items along with its petition.
If the equity deployed is more than 30 percent of the capital cost, equity more than 30 percent will be treated as a normative loan.
Cases, where equity deployed, is less than 30 percent of the capital cost, the actual equity will be considered for the determination of tariff.
For generic tariff, loan tenure of 13 years will be considered.
If in any time block, injected energy is more than the energy drawn, the excess energy will be cumulated until the end of the month and set off against the cumulative drawl of DISCOM energy in the same month.
For 10 percent of remaining excess injected energy, if any at the end of the month, the renewable energy generator/developer will get paid at the rate of 60 percent of energy charges applicable for large industrial power tariff, excluding fuel surcharge.
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