Kerala Renewable Energy Tariff Regulations - 2015
HIGHLIGHTS |
| Technology-wise Net Tariff | Technology | Net Tariff (in Rs./kWh) |
| Small hydro (5 MW to 25 MW) (2015-16) | 4.65 | |
| Small hydro (below 5 MW) | 5.54 | |
| Wind (Zone – I) | 5.89 | |
| Wind (Zone – II) | 5.36 | |
| Wind (Zone – III) | 4.71 | |
| Wind (Zone – IV) | 3.93 | |
| Wind (Zone – V) | 3.68 | |
| Solar PV | 5.08 | |
|
| ||
| Tariff Period | Technology | No. of Years |
| Small hydro (5 MW to 25 MW);Wind | 13 | |
| Small hydro (below 5 MW) | 35 | |
| Solar PV | 25 | |
| Control Period | 5 years, of which FY 2012-13 shall be the first year. | |
| Useful Life of a Plant | Technology | No. of Years |
| Small hydro | 35 | |
| Wind, solar PV | 25 | |
| Capital Cost | Technology | Capital Cost |
| Small hydro (5 MW to 25 MW) (2015-16) | 592.586 | |
| Small hydro (below 5 MW) | 646.755 | |
| Wind | 619.807 | |
| Solar PV | 530.020 | |
| Operation and Maintenance (O&M) Expenses | Technology | O&M Cost |
| Small hydro (5 MW to 25 MW) (2015-16) | 16.54 | |
| Small hydro (below 5 MW) | 24.98 | |
| Wind (Zone – I) | 17.49 | |
| Wind (Zone – II, III, IV, V) | 11.24 | |
| Solar PV | 7.00 | |
| ||
| Interest Rate on Loans | 12.76% | |
| Depreciation | 5.83% for first 12 years and remaining depreciation spread over residualuseful life of the project. | |
| Return on Equity |
| |
| Interest on Working Capital | 13.26% | |
OTHER PROVISIONS |
| Tariff structure and design | Generic, single part, levellised tariff. |
| Merit order dispatch principle | Not available |
| Subsidy or/and incentives by government | Any subsidy or incentives provided by the central or state government shall be adjusted while determining tariff. |
| Rebate | Not available |
| Late payment surcharge | Not available |
| Links | |
| References | http://www.erckerala.org/regulations/KSERC%20(Renewable%20Energy)%202015%20-11.11.15.pdf |
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