According to reports, the Tamil Nadu Electricity Regulatory commission (TNERC) Saturday extended the validity of its earlier tariff order for wind, biomass and bagasse based co-generation energy plants till next month.
In three separate orders, TNERC has decided to extend the existing tariff orders governing the three power generation sectors as various issues raised at the public hearing June 8 needs to be examined before finalising the revised power rates.
The extension has been welcomed by the wind power generators as the state power utility Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) has strongly demanded the scrapping of power banking facility offered to the former.
Power banking is like cash banking whereby wind power producers feed in the electricity generated by their wind mills to the state grid and then draw that power for captive use within a year.
Tangedco complained of loss of Rs.1,200 crore due to the banking facility.