Description

Date - 23rd Jun 2021

The Union government is working on a Green Tariff Policy to strengthen India's green energy capacity. The green tariff policy is ending as solar and wind tariffs in India hit the floor of £ 1.99 per unit and £ 2.43 per unit, respectively.

The Green Tariff Policy will help Distribution Companies (DISCOMs) supply electricity generated from clean energy projects at lower prices than electricity from traditional fuel sources such as coal.

Large corporations looking to buy only green energy, they can contract for this capacity with a clean energy developer, as is done in the commercial and industrial (C&I) segment.

Once the policy is finalized, DISCOM companies will be able to buy green electricity and supply it at a “green rate”. The green tariff is the weighted average green energy tariff that the consumer will have to pay.

The tariff will be slightly lower than the tariff for traditional fuel sources, and the new rules will help ensure that if the industry wants only green energy from the developer, open access applications are approved within two weeks.

Open access

Open access allows large energy consumers, consuming more than 1 megawatt of energy, to buy energy from the open market, rather than depend on an expensive grid. However, the state-owned DISCOM does not allow clean energy developers to use transmission and distribution networks to supply electricity to third parties.

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