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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 initially 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 tariff agreements and models to ensure compliance with the extended regulations. Monitor for any further orders from the Commission that may specify a different end date.

Electricity Distribution Companies

  • Action Item: Update power purchase agreements (PPAs) to reflect the extended regulatory period. Engage with the CERC to understand potential future changes to the tariff regulations.

Investors in Renewable Energy Projects

  • Action Item: Reassess project financials based on the extended period of applicability. Factor in potential future regulatory changes in long-term investment strategies.

Consumers

  • Action Item: No immediate action required, but monitor for changes in electricity tariffs due to renewable energy costs.

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.
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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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