The Jharkhand State Electricity Regulatory Commission (JSERC) on August 9, 2025, issued the JSERC (Determination of Tariff for Procurement of Power from Solar PV Power Project and Solar Thermal Power Project) Regulations, 2025. This comprehensive regulation, which extends to the entire state, is designed to govern the determination of tariffs for various solar energy projects. The regulations are valid until March 31, 2028, unless extended or reviewed earlier.
The new regulations define the framework for tariff determination, specifying that a project-specific tariff will be set based on competitive bidding. It outlines the eligibility criteria for different types of projects, including Solar PV, Floating Solar, Solar Thermal, and Solar Hybrid and with-storage projects. The document also details the financial principles for tariff calculation, such as the debt-equity ratio (70:30), loan tenure of 15 years, and a normative Return on Equity (ROE) of 14% for most projects.
Furthermore, the regulations establish operational and other principles, including specific norms for Capacity Utilization Factor (CUF) and auxiliary consumption for different solar technologies. The document also introduces rules for scheduling, metering, and billing, while clarifying that solar projects with a capacity of 5 MW and above must adhere to specific scheduling and dispatch codes. These measures aim to provide a clear, transparent, and fair mechanism for tariff determination in Jharkhand's solar energy sector.
[Notification No. 112]
