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Powering renewable energy

Uniform tariffs will address a key problem

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Business Standard Editorial Comment Mumbai
The Ministry of Power’s proposal to offer a uniform tariff for renewable energy (RE) procurement by states will address a key pain point that has emerged for such projects in recent years: An uncertain market from buyers, the cash-strapped state-owned distribution companies, or discoms. It will involve the centrally owned SECI (formerly Solar Energy Corporation of India), which is the nodal tendering agency for RE projects, to determine each month an average price that states will pay for all RE sources — solar, wind, hydro, and hybrid. Under the new pricing system, the reverse-bidding process for RE projects by private

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