The Karnataka Electricity Regulatory Commission (KERC) has announced new tariffs for grid-connected solar power plants and rooftop solar plants.
As per a press release issued by the KERC, the approved tariff applicable for solar power generators entering into a power purchase agreements (PPA) with electricity supply companies is Rs. 8.40 for every unit of power generated from a solar PV power plant, while the tariff for power generated from a solar thermal power plant is Rs. 10.92.
Meanwhile, the tariff for rooftop and small solar PV plants is 9.56 Rs a unit and the tariff for rooftop and small solar PV plants with 30 per cent government subsidy on capital costs will be Rs.7.20 a unit.
M.R. Sreenivasa Murthy, chairman, KERC, told presspersons that the tariff would be applicable to agreements signed on or after 01.04.2013 and would be valid up to March 2018.
The new tariff was formulated to help Karnataka achieve its target of generating 2000 MW of solar power by 2020. Meanwhile, the KERC has exempted solar power producers from paying wheeling and banking charges. They have been retained for renewable energy at 5 percent and 2 percent respectively for those who opt for Renewable Energy Certificate (REC).
Captive generators who decide to avail REC benefits however, will have to pay normal transmission, wheeling and other charges and will have banking facility on monthly basis.