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The Gujarat Electrical energy Regulatory Fee (GERC) is ready to introduce a brand new tariff framework for the procurement of energy from wind energy initiatives within the state. This transfer comes as a part of the Fee’s efforts to advertise renewable power sources and guarantee a aggressive marketplace for electrical energy procurement.
Prior to now, GERC had issued generic tariff orders for procurement of energy from wind energy initiatives, with management durations as much as March 2019 and March 2022 respectively. Nevertheless, with the altering panorama of renewable power insurance policies and rules, the Fee has determined to undertake a brand new method.
Underneath the proposed tariff framework, distribution licensees will probably be mandated to acquire energy from wind energy initiatives via aggressive bidding routes. This shift from the generic tariff dedication regime goals to find probably the most aggressive costs for wind power procurement.
The Ministry of Energy had lately notified the Electrical energy (Selling Renewable Power By means of Inexperienced Power Open Entry) Guidelines, 2022, which define coverage and regulatory provisions for selling renewable power sources via open entry. The Fee has determined to align its tariff framework with these guidelines, which got here into impact from June 6, 2022.
The proposed management interval for the brand new tariff framework is from June 6, 2022, to March 31, 2027. Wind energy initiatives commissioned throughout this era will probably be ruled by the regulatory provisions outlined within the new framework.
For wind energy initiatives falling under the brink restrict of eligibility for collaborating in aggressive bidding, the Fee has proposed two choices for figuring out the tariff. The tariff may both be based mostly on the weighted common tariff found via aggressive bidding within the earlier six months or decided by the Fee beneath Part 62 of the Electrical energy Act, 2003.
The tariff framework additionally addresses varied different facets similar to power banking, settlement of banked power, sharing of CDM advantages, and interconnection necessities for wind energy initiatives. Moreover, it specifies the norms for wheeling of energy and therapy of un-utilized surplus banked power.
The Fee has taken under consideration the renewable buy obligations (RPO) targets specified for obligated entities, which embody distribution licensees, captive customers, and open-access shoppers. These targets mandate the acquisition of electrical energy from renewable power sources, with the choice to make use of Renewable Power Certificates (REC) for compliance.
In its effort to make sure transparency and stakeholder engagement, GERC has invited feedback from potential stakeholders on the proposed tariff framework. A public listening to is scheduled to be held on April 5, 2024, on the GERC’s workplace in Gandhinagar, the place stakeholders can present their suggestions and options.
Total, the proposed tariff framework indicators a shift in direction of a extra aggressive and clear procurement course of for wind power in Gujarat. By aligning with nationwide and state-level renewable power insurance policies, GERC goals to facilitate the expansion of the renewable power sector and contribute to the state’s sustainable growth objectives.
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