Karnataka for FY 2013-14
1. The Honorable Karnataka Electricity Regulatory Commission vide its notification dated 21.06.2013, has notified the pooled cost of power purchase at Rs. 3.07 per unit from 01.04.2013 to 31.03.2014, subject to truing up as per actual.
2. Earlier, vide its notification dated 27.06.2012, the Hon’ble Commission had notified the APPC at Rs. 2.60 / unit for FY ending March 2013. As per the finalized accounts, the same is trued up to Rs. 2.65 / unit.
3. To the extent of power purchased under APPC in FY 2012-13, the difference of Rs. 0.05 / unit shall be paid in 3 equal instalments to RE Generators.
4. Similarly the difference of Rs. 0.47 / unit on account of the APPC continued at Rs. 2.60 per unit until 21.06.2013 as an interim measure shall also be paid in 3 equal instalments.
How it has been determined?
Here the ‘Pooled Cost of Power Purchase’ is the weighted average pooled price at which the State distribution licensees or ESCOMs put together have purchased the electricity including cost of self-generation, if any, in the previous year from all the energy suppliers long-term and short-term, but excluding those based on renewable energy sources, as the case may be.
What will be the impact of this rate?
The current rise in APPC makes investment in Renewable energy projects under APPC + REC mode very attractive with a minimum return of Rs. 12.37 per unit for Solar & Rs.4.57 per unit for Non – Solar projects in the State.
Impact of the order on REC based projects in the state:-
1. With the increase in APPC the Karnataka state becomes one of the most favourable states for investment on REC mode. However, only projects that sell power to ESCOMs at APPC can be benefited as the state still lacks clear options for Renewable Energy Captive Power Projects to participate in the REC market.
2. Even in the recent tariff orders for all ESCOMs for FY 2013-14, the Hon’ble KERC has continued to extend the concessional wheeling charges as 5% of total energy injected, and will be deducted in kind for Non-Solar; whereas, it is free- wheeling for Solar Power Projects in order to promote Non-Conventional Energy generation within the state.
3. Currently, KERC has not declared any provision for Renewable Energy Generators to pay the actual Wheeling Charges and Losses, as paid by Conventional Power Generators.
4. The REC are issued by Central Agency guided under the principles of Hon’ble CERC and since RECs cannot be availed by any Captive RE generator availing concessional wheeling, all Captive RE generators in the state of Karnataka remain ineligible to participate in the REC market.
No comments:
Post a Comment