power tariffs

The Supreme Court has ruled that electricity tariffs under the Electricity Act, 2003 must be fixed by the relevant State Electricity Regulatory Commission, not through private arrangements between distribution companies and project developers. The judgment concludes a prolonged dispute between Gujarat Urja Vikas Nigam Limited (GUVNL) and several wind energy firms over tariffs in their Power Purchase Agreements (PPAs). The matter began when four wind energy companies, which had earlier signed PPAs with GUVNL at…