JERC Grid Connected Solar Power Regulations - 2015
HIGHLIGHTS |
| Tariff Period | 25 years from the date of commercial operation or date of signing the PPA, whichever is later. | |||||||||||||
| Control Period | 3 years. | |||||||||||||
| Useful Life of a Plant | 25 years. | |||||||||||||
| Technology-wise Net Tariff (Rs./kWh) | kW | Subsidy | FY 2016-17 | FY 2017-18 | ||||||||||
| Non-island | Island | Non-island | Island | |||||||||||
| w/o AD | With AD | w/o AD | With AD | w/o AD | With AD | w/o AD | With AD | |||||||
| 1-10 | 0% | 9.19 | 8.71 | 11.15 | 10.55 | 8.57 | 8.13 | 10.38 | 9.83 | |||||
| 30% | 6.89 | 6.55 | NA | 6.46 | 6.15 | NA | ||||||||
| 70% | NA | 4.42 | 4.24 | NA | 4.19 | 2.02 | ||||||||
| 11-100 | 0% | 9.08 | 8.6 | 11.04 | 10.45 | 8.47 | 8.04 | 10.18 | 9.64 | |||||
| 30% | 6.81 | 6.48 | NA | 6.39 | 6.09 | NA | ||||||||
| 70% | NA | 4.39 | 4.21 | NA | 4.16 | 3.99 | ||||||||
| 101-500 | 0% | 8.86 | 8.40 | 10.83 | 10.24 | 8.27 | 7.85 | 10.08 | 9.55 | |||||
| 30% | 6.66 | 6.34 | NA | 6.25 | 5.95 | NA | ||||||||
| 70% | NA | 4.32 | 4.15 | NA | 4.10 | 3.94 | ||||||||
| >501 | 0% | 8.72 | 8.26 | 10.66 | 10.09 | 8.14 | 7.73 | 9.93 | 9.40 | |||||
| 30% | 6.56 | 6.24 | NA | 6.16 | 5.87 | NA | ||||||||
| 70% | NA | 4.27 | 4.10 | NA | 4.05 | 3.89 | ||||||||
| Capital Cost | kW | Capital Cost (in Rs./kW) (Figures in thousands) | ||||||||||||
| FY 2016-17 | FY 2017-18 | |||||||||||||
| Non-island | Island | Non-island | Island | |||||||||||
| 1-10 | 70.00 | 88.00 | 64.40 | 80.96 | ||||||||||
| 11-100 | 69.00 | 86.00 | 63.48 | 79.12 | ||||||||||
| 101-500 | 67.00 | 85.00 | 61.64 | 78.20 | ||||||||||
| >501 | 65.70 | 83.49 | 60.44 | 76.81 | ||||||||||
| Operation and Maintenance Expenses (O&M) |
| |||||||||||||
| Interest Rate on Loans | Average State Bank of India base rate prevalent during the first six months of the previous year plus 300 basis points. | |||||||||||||
| Depreciation | Depreciation rate for the first 12 years shall be 5.83% of capital cost per annum, and the remaining depreciation shall be spread over the residual useful life of a project. | |||||||||||||
| Return on Equity |
| |||||||||||||
| Interest on Working Capital | Average State Bank of India base rate prevalent during the first six months of the previous year plus 350 basis points. | |||||||||||||
OTHER PROVISIONS |
| Tariff structure and design | Single part, levellised tariff. |
| Merit Order Despatch principles | All grid-connected plants are ‘must run’ plants. |
| Subsidy or/and Incentive by government | The order for FY 2016-17 does not consider any other subsidy or incentive, including accelerated depreciation benefit, available from central or state government other than specified above. |
| Rebate |
|
| Late payment surcharge | 1.25% of billed amount per month, calculated on daily basis, for payment of bills beyond 30 days from the date of presentation of bills. |
| Links | |
| References | http://jercuts.gov.in/writereaddata/UploadFile/SPGREGULATIONFINALJUNE_1848.pdf http://jercuts.gov.in/writereaddata/UploadFile/SOLARTARIFF_1102.pdf |
Provisions Related to Net Metering
| Energy accounting and settlement |
|
| Banking and cross subsidy | Exempted from charges in respect of banking, wheeling and cross subsidy for use of electricity within the respective territories. |
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