The Tamil Nadu Electricity Regulatory Commission (TNERC) has fixed the generic tariff for solar photovoltaic (PV) procurement in the state.

The TNERC has set ₹3.04 (~$0.044)/kWh without accelerated depreciation (AD) and ₹2.80 (~$0.040)/kWh with AD as the generic tariff for solar PV in Tamil Nadu. The tariff came into effect from April 1, 2019.

The tariff will apply to the procurement from all solar PV projects of capacity 1 MW and above. The control period of this order will be one year, and the tariff will be applicable for 25 years.

The state electricity regulatory commission has set a generic tariff for solar PV as it believes a generalized tariff mechanism will provide incentives to the investors to use efficient equipment to maximize returns and for selecting the suitable site.

According to the TNERC, in most auctions held in various states, the solar tariff has hovered around the ₹3 (~$0.04192)/kWh mark. However, in Tamil Nadu, the tenders floated by Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has received no response from bidders so far. A generic tariff will attract developers and investors to Tamil Nadu, believes the TNERC.

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