On 16th February, 2024, the Ministry of Power (MoP) released the Draft Electricity (Third Amendment) Rules, 2024. The existing Rule 19 of the Electricity Rules, 2003, as amended from time to time, deals with the implementation of Uniform Renewable Energy Tariff for Central Pool. The existing Rule 19(1)(a) provides that there shall be a different central pool for each of the sectors of the renewable energy sources. The explanation attached to it clarifies that the duration of such central pool shall be for five years and for every five years, a new central pool shall be formed.
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