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In recent years, there has been a strong focus on renewable energy, especially solar and wind power. The Gujarat Electricity Regulatory Commission (GERC) has introduced new guidelines to better integrate these renewable sources into the state’s energy system. These guidelines are part of the “Multi-Year Tariff (MYT) Regulations, 2024.”
The GERC outlines a structured approach to buying power, which includes long-term, medium-term, and short-term plans. All future renewable energy purchases, such as solar and wind, must be done through competitive bidding to ensure fairness and cost-effectiveness. Distribution licensees are required to prepare detailed power procurement plans, which the GERC reviews and approves as part of the MYT petition.
The regulations stress the importance of promoting co-generation and using renewable sources to reduce dependence on non-renewable energy and improve energy security. The power procurement plans must include specific measures to incorporate renewable energy sources, supporting the state’s Renewable Purchase Obligation (RPO). |
