The Supreme Court of India has held that while State Electricity Regulatory Commissions (SERCs) possess the plenary power to determine electricity tariffs, they cannot factor in the “Generation Based Incentive” (GBI) granted by the Ministry of New and Renewable Energy (MNRE) to reduce the tariff payable to generating companies. The Court clarified that GBI is
GBI for Wind Power Projects is Over and Above Determined Tariff; SC Dismisses DISCOMs’ Appeal
