Amendment status not verified — confirm the current text below against the official source.
[(1) The Control Period or Review Period under these Regulations shall be up to the financial year 2024-25, starting from the financial year 2019-20: Provided that the tariff determined as per these Regulations for the Renewable Energy Projects commissioned during the Control Period, shall continue to be applicable for the entire duration of the Tariff Period as specified in Regulation 34 below.] (2) In case the Regulations for the next Control Period are not notified until the commencement of next Control Period, the Commission may provisionally adopt the principles, norms and parameters notified by the Central Commission for the period concerned. Provided that if the principles, norms and parameters for the next control period are not notified until the commencement of the next control period by the Commission or by the Central Commission, the norms as applicable for the just concluded control period shall be provisionally adopted for determination of tariff. Provided further that, as soon as the principles, norms and parameters are notified for the next control period, the Commission shall be firmed up the tariff for such renewable projects which have declared commercial operation in the next control period. The firmed up tariff shall be applicable from the date of commercial operation of such projects, for which provisional tariff is assigned as per the above proviso. Substituted by No. 230/Con.Engg./2023/KSERC., Published in K.G.Ext. No. 2661 dt. 16/08/2024 (w.e.f. 01/04/2024). Prior to the Substitution it read as "(1) The Control Period or Review Period under these Regulations shall be for five (5) years, starting from the financial year 2019-20. Provided that the tariff determined as per these Regulations for the Renewable Energy Projects commissioned during the Control Period, shall continue to be applicable for the entire duration of the Tariff Period as specified in Regulation 34 below."