Karnataka APPC for FY14

Hon’ble commission through a gazette copy dated 21.06.2013 has come up with a new Average Pooled Purchase Cost (APPC) rate of 3.07 Rs. per unit. This APPC rate is for a period starting from 01.04.2013 – 31.03.2014.  An interim  APPC rate for FY13 previously determined was Rs. 2.60 per unit, which stands ineffective post 30th June 2013 ( for previous relevant blog-post, click here).

The new APPC rate is Rs. 0.47 per unit more and has been worked out taking into consideration the power purchase quantum data furnished by respective ESCOMs of the state. All the payments with respect to the difference of Rs. 0.47 per unit will be made to RE generators in three instalments as per the energy generated post 01.04.2013 till the date of this order.

The new APPC rate which is 18.07 % more poses lucrative options for RE projects. The APPC + REC model will now fetch minimum Rs.4.57 per unit to RE generators of the state. As far as REC mechanism is concerned the state still needs to revamp relevant regulations in line with those of CERC.

Gazette copy can be assessed here.

Relevant media article – The Hindu