Amendment status not verified — confirm the current text below against the official source.
(1) The principles, norms and parameters specified in these Regulations are applicable for determination of tariff for the electricity generated from the Renewable Source of Energy plants that have declared commercial operation during the control period specified in these Regulations. Provided that, while determining the principles, norms and parameters for determination of tariff, the Commission have considered appropriate operational and financial parameters of each category of renewable source of energy and to the extent possible, provides an allowance, based on technology, fuel, market risk, social and environmental benefits and other relevant factors. Provided further that, the Commission, while formulating and notifying the principles, norms and parameters for determination of tariff for the renewable energy from various categories of renewable source of energy, is guided by the National Electricity Policy and Tariff Policy published under Section 3 of the Act and the principles, norms and parameters specified by the Central Commission for this purpose. Provided also that, until separate principles, norms and parameters are specified by the Commission for the control period, the principles, norms and parameters specified by the Central Commission for the purpose of determination of tariff for the electricity generated from various categories of renewable sources of energy, as specified in the Central Electricity Regulatory Commission (Terms and Conditions for Tariff Determination from Renewable Energy Sources) Regulations, 2017, as amended from time to time, shall be adopted by the Commission for the purpose of determination of tariff under these Regulations. (2) The norms and parameters specified in this Regulation shall be the ceiling norms and shall not prevent the generator and the distribution licensee from mutually agreeing for more economic norms than that specified in these Regulations.