MERC Finalizes RE Tariff for FY 2014-15

Maharashtra Electricity Regulatory Commission (MERC), through an order on 7th July 2014, has finalized the Renewable Energy tariff for FY 2014-15. The details of the Renewable Energy tariffs computed for FY 2014-15 have been highlighted below:

From the table, it is clearly evident that the tariff calculated for Solar Projects is higher as compared to that proposed in the draft. The price which has been finalized at Rs. 6.79 per unit is approximately 10.7% higher than Rs. 6.13 per unit, as proposed in the draft.

Earlier, CERC in its order (Refer) had finalized higher tariff for Solar Projects, based on the discussions during hearings about raising the normative capital cost of Solar PV power projects. MERC final order followed similar escalation after the hearings.

The detailed MERC’s order is available here

Our Previous Blog post on CERC RE Tariff can be read here