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Haryana Renewable Energy Tariff Regulations - 2010

HIGHLIGHTS

Tariff Period	Generally corresponding to project life or period provided in the PPA.
Control Period	Second control period – 4 years, of which the first year would be FY 2013-14 (As per fourth amendment regulations, 2015).
Useful Life of a Plant	Technology						Years
	Non-fossil fuel based co-generation, biomass, municipal solid waste to energy.						20
	Wind, solar PV, solar thermal						25
	Small hydro						35

Net Tariff	Not available
Capital Cost	Technology					Capital Cost (in Rs. lakh/MW)†
	Wind (FY 2013-14)					604
	Small hydro below 5 MW (FY 2010-11)					550
	Small hydro between 5 MW and 25 MW (FY 2010-11)					500
	Biomass with water cooled condenser (FY 2013-14)					540
	Biomass with air cooled condenser (FY 2013-14)					580
	Non-fossil fuel cogeneration (FY 2010-11)					445
	Solar PV with PV poly crystalline (FY 2014-15)					705
	Solar PV with PV thin film and rooftop (FY 2014-15)					681
	Solar PV canal top (FY 2014-15)					800
	Solar thermal (FY 2013-14)					1200
	MSW based on Rankine cycle technology (FY 2016-17)					1500
	†All capital costs are determined for subsequent years using indexation formula given in the regulations except for solar technologies and MSW.
Operation and Maintenance (O&M) Expenses	Technology			O&M Cost (Rs. Lakh/MW) for First Year
	Wind			6.50
	Small hydro below 5 MW			17.00
	Small hydro (5 MW to 25 MW)			12.00
	Biomass			40.00 (FY 2013-14)
	Non-fossil fuel cogeneration			13.35
	Solar PV			9.00
	Solar thermal			13.00
	Municipal Solid Waste to Energy			6.5 of normative capital cost (FY 2016-17)
	O&M cost is escalated at the rate of latest available WPI and CPI with weightage of 55% and 40%, respectively. O&M cost of FY 2016-17 shall be escalated @5.72% per annum.
Interest Rate on Loans	Average State Bank of India long term prime lending rate/base rate prevalent during the previous year.
Depreciation	7% for first 10 years and remaining depreciation spread over the residual useful life of the project.
Return on Equity	16% per annum on normative equity capital. MAT and corporate tax shall be separately invoiced.
Interest on Working Capital	Average State Bank of India base rate prevalent during the first six months of the previous year plus 300 basis points.
Renewable Purchase Obligation (RPO)	Year	Minimum quantum of purchase (in %) from renewable energy sources
		Solar	Non-solar		Total
	2016-17	1.00	2.75		3.75
	2017-18	1.25	2.75		4.00
	2018-19	1.50	3.00		4.50
	2019-20	2.00	2.75		4.75
	2020-21	2.50	2.50		5.00
	2021-22	3.00	2.50		5.50
	Obligation to purchase renewable energy shall be inclusive of renewable energy purchase already being made. Renewable energy purchase under power purchase agreement already entered into shall continue till its validity, even if the total renewable energy purchase exceeds RPO. Compliance (FY 2015-16) - 73.90%
Obligated Entities	Distribution licensees, captive users and long term open access consumers in Haryana.
Ways to Meet RPO	Purchase of energy or certificates or a combination thereof.
Certificates	Obligations to fulfil solar and non-solar purchase shall be met by purchase of solar and non-solar certificates, respectively. Certificates purchased shall be submitted to the Commission by the obligated entity in accordance with detailed procedures issued by the Central agency.

OTHER PROVISIONS

Tariff Structure and Design	Generic, single part, levellised tariff for the tariff period.
Merit Order Despatch	“Must run” – all renewable energy plants except biomass with capacity of 10MW and above and non-fossil fuel based co-generation plants.
Subsidy or/and Incentives by Government	Any incentive or subsidy provided by the central or state government including accelerated depreciation benefit would be taken into consideration for determination of tariff.
Rebate	2% - for payment through Letter of Credit. 1% - for payments not through Letter of Credit but within 1 month from the date of presentation of bills.
Late payment surcharge	1.25% per month for payment of bills beyond a period of 60 days from the date of billing.
State agency	Haryana Renewable Energy Development Agency (HAREDA).
Effect of default	The Commission may direct obligated entities who fail to fulfil their obligations and do not purchase certificates, to deposit an amount into a separate fund to be created and maintained by the obligated entity. The amount to be deposited shall be determined based on the shortfall in RPO and forbearance price.
Monitoring and implementation framework	Not available
Links	https://herc.gov.in/Regulation/1.aspx
References	https://herc.gov.in/writereaddata/pdf/20110203(1).pdf https://herc.gov.in/writereaddata/pdf/20110905(1).pdf https://herc.gov.in/writereaddata/pdf/20111125(1).pdf https://herc.gov.in/writereaddata/pdf/r20140715.pdf https://herc.gov.in/writereaddata/pdf/r20150812.pdf https://herc.gov.in/writereaddata/pdf/r20161005.pdf

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