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CERC Approves Tariff for SECI’s 1,200 MW Wind-Solar Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has approved the Solar Energy Corporation of India’s (SECI) petition to adopt a tariff ranging between Rs 4.64/kWh for its 1,200 MW wind-solar hybrid power projects. Additionally, CERC sanctioned a trading margin of Rs 0.07/kWhto be paid by distribution companies (DISCOMs) or buying entities.

SECI’s Competitive Bidding & Project Allocation

• Total Capacity: 1,200 MW ISTS-connected wind-solar hybrid projects with assured peak power supply.
• Selection Process:
  • In April 2023, SECI conducted an e-reverse auction.
  • 7 bidders were shortlisted, and 4 projects were awarded.
  • At the time of petition filing, 600 MW tied up under PPA.

CERC’s Tariff Approval & Key Considerations

• Transparent Bidding: CERC confirmed that SECI followed a competitive and transparent bidding process.
• Tariff Adoption Without Full PPA Tie-up: CERC expedited the approval process due to policy emphasis on fast-tracking renewable projects, unlike past practices where only tied-up capacity was approved.
• Trading Margin: Rs 0.07/kWh, payable by DISCOMs or buying entities.

Recent Tariff Approvals by CERC

• Recent Wind-Solar Hybrid Tariffs: Rs 3.43 /kWh for 1,200 MW projects through SECI’s competitive bidding process.
• Solar Tariff (Earlier 2024): Rs 2.6/kWh for 900 MW ISTS-connected solar projects, with a Rs 0.07/kWh trading margin.