Renewable Energy
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HIGHLIGHTS |
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Nodal Agency |
Punjab Energy Development Agency (PEDA). |
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ApplicableTechnologies |
Solar photovoltaic on rooftops. |
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Policy Period |
5th November 2014until repealed or new policy is introduced. |
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Targets under Policy |
Maximum cumulative installation capacity to be decided by the government, on yearly basis. |
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Incentive Amount |
PEDA can be approached for applicable MNRE, GOI grant as per prevailing instructions/policy. Fiscal and other incentives as per New and Renewable Sources of Energy Policy 2012. |
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Eligibility Conditions |
All consumers of the state distribution licensee or PSPCL, with project capacity ranging between 1 KWp to 10 MWp, with or without battery backup support. |
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Application Fees |
Rs. 50/kVA alongwith application to PSPCL. |
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Tax Exemptions |
The developer can claim depreciation on the capital cost of the PV systems with associated direct tax benefits. |
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Evacuation Arrangement |
Not available |
OTHER PROVISIONS |
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Open access charges |
Third party owned, rooftop solar systems, will be exempted from open access regulations. |
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Exemption of charges |
The rooftop solar system under net metering arrangement, whether self-owned or third party owned, installed on eligible consumer premises, shall be exempted from banking and wheeling charges and losses, cross subsidy and additional surcharge, etc. |
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Capacity targets for distribution licensee |
The cumulative capacity to be allowed at a particular distribution transformer shall not exceed 30% of the rated capacity of said transformer. |
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Settlement of net energy |
The settlement of net energy, including any banked energy, shall be madeat the end of each settlement period based on 90% of the consumption. At the beginning ofeach settlement period, cumulative carried over injected energy shall bereset to zero |
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Links |
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References |
http://www.peda.gov.in/main/pdf/notification-net%20metering.pdf http://www.peda.gov.in/main/notification/notification1016.pdf |
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