Ministry of Power scraps Uniform Renewable Energy Tariff
The Ministry of Power has withdrawn the Uniform Renewable Energy Tariff (URET) mechanism, including the Solar Power Central Pool and Solar-Wind Hybrid Central Pool, due to delays in project approvals and power sale agreements. The URET framework, introduced in February 2024, was designed to stabilise tariffs for solar and hybrid projects till 2027. However, many state distribution companies and utilities did not sign power sale agreements due to uncertainty over pooled tariff rates. These stalled…