Procedure for implementation of uniform renewable energy tariff
The Ministry of Power has issued the Procedure for Implementation of Uniform Renewable Energy Tariff. A notice to this effect was issued on 25th October, 2023. It may be recalled that the Electricity (Amendment) Rules 2022 were notified for the implementation of a uniform renewable energy tariff. These rules came into effect on December 29, 2022. They aimed to streamline the pricing of renewable energy across various categories of central pools. The intermediary procurer will sell power from these central pools to end procurers. Under the rules, an “Implementing Agency” is designated to compute the “uniform renewable energy tariff” on a monthly basis for each category of central pool. The “Implementing Agency” is defined as the Central Agency, as notified by the Central Government, for the implementation of the uniform renewable energy tariff for the central pool.