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GREEN TARIFF POLICY

GREEN TARIFF POLICY

Context:

The Union Government is working on a ‘Green Tariff Policy’ to support India's green energy credentials.

Green Tariff Policy:

  • It will aid electricity distribution companies (discoms) supply electricity generated from clean energy projects at a less expensive rate as when contrasted with power from conventional fuel sources such as coal.
  • Large corporates who are hoping to acquire only green power can contract such power from a clean energy developer as it is done in the commercial and industrial (C&I) segment.
  • Once the policy is finalised, DISCOMs can only purchase green electricity and supply it at a ‘green tariff’.
  • Green Tariff will be the weighted average tariff of green energy that consumers should pay.
  • The tariff will be somewhat lower than tariff from conventional fuel sources and new regulation will assist with guaranteeing if an industry needs just green power from a developer, open-access applications will be approved within a fortnight.

Background:

  • Green tariff policy is being finalised in the backdrop of India’s wind and solar power tariffs hitting a low of ₹1.99 per unit and ₹2.43 per unit respectively.

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