Central Electricity Regulatory Commission (CERC) has recently passed a notice in regard to the extension of the comments/suggestions date on Draft Central Electricity Regulations For Tariff determination, 2020.
The notice stated that various stakeholders have requested for extension of time on account of extension of restrictions on account of the outbreak of Covid-19 and the requirement of adequate study to formulate their response on proposed draft regulations being introduced the first time.
The commission hence considered the request and decided to extend the date of submission of comments/ suggestions/objections by two weeks i.e. till 15th July 2020.
Previously the last date for submission of the comments was 30th June 2020
The date of the public hearing will be decided separately in view of the current lockdown situation and restrictions in the country, the notice added.
On 1st May, the Central Electricity Regulatory Commission (CERC) has recently released draft regulations of Terms and Conditions for Tariff determination from Renewable Energy Sources. According to the commission, these regulations shall come into force on 1.7.2020, and unless reviewed earlier or extended by the Commission, shall remain in force up to 31.3.2023.
As per the notice, these regulations shall apply to cases where tariff for a grid-connected generating station or a unit thereof commissioned during the control period and based on renewable energy sources, is to be determined by the Commission.
The tariff for renewable energy sources will consist of components such as Return on equity, Interest on loan, Depreciation, Interest on working capital, and Operation and Maintenance expenses. For the determination of generic tariff and project-specific tariff, loan tenure of 15 years shall be considered.