The Central Electricity Regulatory Commission (CERC) has issued revised regulations on tariff determination of renewable energy sources for the period from April 1, 2024 to March 31, 2027. For renewable energy projects other than small hydro projects, the return on equity shall be 14%, whereas it shall be 14.5% for small hydro projects, as per the regulations, which will apply for all grid-connected generating stations relying on renewable energy.
The draft regulations does not apply to the bid out projects by the Solar Energy Corporation of India but lays guidelines for State Electricity Regulatory Commissions for state sector projects or projects that have not yet transitioned into the competitive bidding mode.
