Taking cue from Prime Minster Narendra Modi's ardent appeal in Paris Climate Conference in 2015 to make India a solar - powered nation, the Karnataka Electricity Regulatory Commission (KERC) has taken an initiative to provide a predictable long - tem tariff for renewable energy projects.
During the Conference, India set an ambitious target of achieving 100 gigawatt solar power by 2022, hence the state governments are working in tandem to fulfil this vision.
In lieu of this, the KERC organised hearings, during which The Green Power Market Development Group (GPMDG), proposed a long term policy framework that provides for fixed wheeling charges.
Apart from this, the KERC has included cross - subsidy charges on solar power from solar farms. Additionally, it has given a 10 - year waiver of key grid charges, for solar power projects commissioned before March 2018.
The exemption of these charges enable solar developers to provide power at very competitive rates, as Karnataka has recently witnessed with an average hike in grid tariff rates by 8 percent.
With the current tariffs being Rs. 6. 90 for industrial consumers and Rs. 8. 50 for commercial users, solar power available to corporates today would be 30 to 40 percent cheaper.
At least Rs. 2 per unit of power could be saved, thereby helping corporate entities and institutional clients to achieve significant savings on electricity bills and help them become more sustainable.
Source: Outlook India
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