Renewable Energy Purchase Obligation of the obligated entity.- (1) Every obligated entity shall purchase from the renewable energy generating units, not less than 4.5 percentage of the total consumption of energy within its area of licence, during the financial years commencing from 2015-16, with an annual increase of 0.5 percentage per year, until the renewable energy purchase obligation reaches a maximum of 10 percentage of the total consumption of energy within its area of licence:

Provided that the electricity, if any, generated from the renewable energy sources and supplied to its consumers by the obligated entity shall be accounted towards its renewable energy purchase obligation:

Provided further that the quantum of electricity generated from any renewable energy source by any prosumer using off grid renewable energy system and consumed by him in full or in part, shall also be accounted towards the renewable energy purchase obligation of the licensee, if the licensee pays to the prosumer, the generation based incentive at the rates approved by the Commission:

Provided also that the quantum of electricity generated from any renewable energy source by any prosumer using grid interactive renewable energy system and consumed by him in full or in part, shall also be accounted towards the renewable energy purchase obligation of the licensee, if the licensee affords to the prosumer, the benefits as specified by the Commission, under the provisions of Kerala State Electricity Regulatory Commission (Grid Interactive Distributed Solar Energy Systems) Regulations, 2014.

(2) The purchase of renewable energy as specified in sub-regulation (1) above shall be in the following ratio between the renewable energy from solar source and the renewable energy from sources other than solar source:-

(i) renewable energy from solar source –10%

(ii) renewable energy from sources other than solar source – 90%

Renewable Energy Certificates under the regulations of the Central Commission.- (1) Subject to the terms and conditions in these regulations, the certificates shall be the valid instruments for the discharge of the mandatory renewable  energy  purchase  obligations  of  the  obligated  entities  to  purchase electricity from renewable energy generating units.

(2)  If  the  quantum  of  renewable  energy  purchased  from  solar  sources  by  an obligated entity falls short of its solar renewable energy purchase obligation as provided in sub-regulation (1) of regulation 3, during any year, such obligated entity shall purchase solar certificates to make up for such shortfall.

(3) If the quantum of renewable energy purchased from renewable energy sources other than solar sources, by an obligated entity falls short of its  renewable energy purchase obligation from renewable energy sources other than solar sources, as provided in sub-regulation (1) of regulation 3, during any year, such obligated entity shall purchase non-solar certificates to make up for such shortfall:

Effect of default.- (1) The obligated entity, which does not fulfill during any year, the renewable energy purchase obligation and does not purchase the certificates, as specified in these regulations, shall deposit into a separate fund namely,- Kerala State   Renewable   Energy   Fund   to   be   established   and   maintained   by   the Commission, such amount as the Commission may determine on the basis of the shortfall in units of renewable energy purchase obligation and the forbearance price as notified by the Central Commission:

Provided that, in the case of genuine difficulty in complying with the renewable purchase obligation, the obligated entity may apply to the Commission for permission to carry forward of compliance requirement to the next year and the Commission shall take appropriate decision on such application and communicate the same to the obligated entity within a period of sixty days from the date of receipt of such application.

(2) The obligated entity shall be in breach of its licence condition if it fails to deposit the amount as directed by the Commission under sub-regulation (1) above, within fifteen days of the communication of the direction.

(3) Where any obligated entity failed to comply with the obligation to purchase the required percentage of power from renewable energy sources or to purchase the renewable energy certificates, it shall also be liable for penalty as may be decided by the Commission under Section 142 of the Act:

Establishment of Kerala State Renewable Energy Fund by the Commission .- (1) There shall be constituted a Fund to be called the Kerala State Renewable Energy Fund and there shall be credited thereto,-

(a)  any  amount  credited  by  the  obligated  entity  under  sub-regulation  (1)  of regulation (7) in accordance with the directions given by the Commission.

(b) any grants or sum received for promotion of renewable energy in the State;

(2) The fund so created shall be utilised, as may be directed by the Commission, for purchase of the renewable energy certificates or for purposes directed towards promotion of renewable energy in the State.

(3) The Commission may empower an officer of the Commission or of the State Agency to procure from the power exchange the required number of certificates to the extent of the shortfall in the fulfillment of the obligations, out of the amount in the fund.

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Annexure F(2014-15)

Solar photo voltaic energy generation projects

Levelised tariff Rs.7.72/ unit for 25 years

Annexure F (2015-16)

Solar photo voltaic energy generation projects

Levelised tariff Rs.6.86 / unit for 25 years