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The Commission stated on account of the unprecedented scenario due to the outbreak of the COVID-19 pandemic, it has determined not to disturb the present place on the banking facility
The Tamil Nadu Electricity Regulatory Commission (TNERC) has determined to permit the continuation of existing norms on banking amenities for wind energy initiatives, a lot to the reduction of the business.
In its latest wind tariff order, which got here into impact from October 7 and is legitimate until March 31, 2022, TNERC stated on account of the unprecedented scenario due to the outbreak of the COVID-19 pandemic, the place a number of restrictions had been in place on the motion of the general public and on opening of workplaces and so on., and the gradual slowdown in financial exercise, it has determined not to disturb the present place on the banking facility.
The banking facility permits captive wind energy mills to promote surplus energy to distribution firms. Through the power, wind energy producers feed the electrical energy generated by their wind mills into the State grid, and draw the facility for captive use inside the banking interval.
The banking facility has remained a contentious problem for a very long time, with state utility, the Tamil Nadu Generation and Distribution Corporation (Tangedco) urging its withdrawal, and wind energy builders wanting it to be continued.
TNERC stated the banking interval would continue for 12 months from April 1 to March 31 of the succeeding 12 months for initiatives commissioned on or earlier than March 31, 2018. The relevant banking costs shall be 14% in sort. For initiatives commissioned on or after April 1, 2018, the power of banking of energy shall be for a interval of 1 month, it added.
TNERC has determined to retain levy of transmission, wheeling and scheduling and system operation costs at 50% of the relevant costs for standard energy, notified from time to time, for initiatives commissioned beneath the conventional class. It has additionally determined to retain levy of cross-subsidy surcharge at 60% of that relevant to standard energy.
TNERC additionally stated procurement of wind energy by Tangedco to meet its renewable buy obligations, shall be via aggressive bidding by following all prescribed procedures.
Noting that the tariff regime has shifted to aggressive bidding from a feed-in-tariff regime, TNERC didn’t recommend any benchmark tariff.
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