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India’s Ministry of Power introduces unified tariff regulations for renewable energy

  • October 26, 2023
The Ministry of Power of India has launched the Electricity (Amendment) Rules, 2022, which will be implemented on December 29, 2022, to establish uniform tariffs for renewable energy in various sectors such as solar and wind power. The main objective is to ensure fair and consistent pricing of renewable energy and create an enabling environment for investment and development in the sector.

Under the rules, an "implementing agency" will be responsible for calculating a "unified renewable energy tariff" on a monthly basis for each central pool category, such as solar, wind, hydro, etc. The electricity price will be the rate at which intermediate purchasers sell electricity from these central pools to final purchasers. The term "implementing agency" as mentioned in these Measures refers to the central agency designated by the central government to be responsible for implementing the centrally coordinated unified electricity price for renewable energy.

The rules create separate central pools for various renewable energy sources, including solar, wind, hydro, solar-wind hybrid, day-night generation, peak power and any other new energy pool specified by the central government. The central government defines renewable energy and the creation of multiple central pools may depend on the technology and generation mix determined by the central government.

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