CERC extends validity of existing renewable energy tariffs until June 30, 2020

The Central Electricity Regulatory Commission (CERC) has extended the applicability of the Renewable Energy Tariff Regulations, 2017, for three months from April 01, 2020, to June 30, 2020. The CERC further noted that the generic tariff issued in the order dated March 19, 2019, will continue to remain in force until June 30, 2020. The CERC had released the draft tariff regulations for 2017 to 2020. As per the regulations, the control or review period under these regulations was for three years, of which the first year was the financial year 2017-18. The tariff period for renewable energy power projects will be the same as their useful life, and the tariff period under these regulations will be considered from the date of commercial operation of the renewable energy generating stations.

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