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Date: 31-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

The Central Electricity Regulatory Commission Terms and Conditions for Tariff determination from Renewable Energy Sources

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification extends the applicability of the Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2020, also known as RE Tariff Regulations, 2020.

Key Changes

  • The RE Tariff Regulations, 2020, which were previously applicable from July 1, 2020, to March 31, 2023, have been extended.
  • The period of applicability is extended until September 30, 2023, or any other date specified by the Commission through a separate order.

Impact Analysis

Renewable Energy Generators

  • Action Item: Review existing and planned projects to ensure compliance with the extended regulations. Factor the extended timeline into financial models and project planning.

Electricity Distribution Companies

  • Action Item: Continue to procure renewable energy as per the regulations. Monitor for any further orders from the CERC that may modify the regulations.

Consumers

  • Action Item: No immediate action required. Monitor for any changes in electricity prices due to renewable energy tariffs.

Investors

  • Action Item: Review investment strategies to capitalize on the extended regulatory framework. Assess the impact on project financing and returns.

Regulators (CERC)

  • Action Item: May need to issue a separate order before September 30, 2023, if further modifications or extensions are required. Monitor the renewable energy landscape and adjust regulations as needed.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for tariff determination and regulation of the electricity sector in India. RE Tariff Regulations, 2020: The Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2020. These regulations govern the tariff determination for renewable energy sources.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03042023-244900 xxxGIDHxxx CG-DL-E-03042023-244900 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 220] नई दिल्ली, िुक्रिार, मार् च31, 2023/र्त्रै 10, 1945 No. 220] NEW DELHI, FRIDAY, MARCH 31, 2023/CHAITRA 10, 1945 ubZ fnYyh] 27 ekpZ] 2023 .—dsfofovk dsUæh; fo|rq fofu;ked vk;kxs ¼uohdj.kh; ÅtkZ lzkrs ls VSfjQ vo/kkj.k ds fy, fuca/ku rFkk 'krsaZ½ fofu;e] 2020 ¼blds cknÞvkjbZ VSfjQ fofu;e] 2020ß ds :ies a lna fHkZr½ 1 tqykbZ] 2020 ls 31ekpZ] 2023 dh vof/k ds fy, ço`Ùk FkkA vk;kxs vkjb ZVSfjQ fofu;e] 2020ds fofu;e 1 ds [kaM ¼2½ ds vuqlj.k eas] mä fofu;eka s ds ço`Ùk gksus dh vof/k dks 30 flrEcj] 2023 rd ;k vk;kxs }kjk i`Fkd vkns'k ds ek/;e ls fofufnZ"V dh tkus okyh fdlh vU; frfFk rd c<+krk gSA gjçhr flag çqFkh] lfpo [जिज्ञापन-III/4/असा./745/2022-23] 2192 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 27th March, 2023 F. No. RA-14026(11)/4/2020-CERC.—The Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2020 (hereinafter referred as “RE Tariff Regulations, 2020”) were applicable for the period 1st July 2020 to 31st March 2023. In pursuance of clause (2) of Regulation 1 of the RE Tariff Regulations, 2020, the Commission extends the period of applicability of the said regulations till 30thSeptember, 2023 or such other date as may be specified by the Commission through a separate order. HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./745/2022-23] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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