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Kerala Renewable Energy Tariff Regulations - 2015

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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
(in Rs. lakh/MW)

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
(in Rs. lakhs for FY 2015-16)

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

  • Escalation rate is 5.72% per annum from second year onwards.
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
  • 20% per annum for first 10 years.

  • 24% per annum from 11thyear onwards. 

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

http://www.erckerala.org/regulations.aspx

References

http://www.erckerala.org/regulations/KSERC%20(Renewable%20Energy)%202015%20-11.11.15.pdf

 

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