(1) The Commission shall determine separate generic levellised tariffs and associated terms and conditions for each category of SHPs mentioned in regulation 32, within 90 days from the date of commencement of these Regulations by taking into account the norms specified under these Regulations:
Provided that in case of renewable energy technologies, other than SHPs, the Commission may fix the generic levellised tariffs in accordance with the regulation 17.
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(2) The tariff being normative, any shortfall or gain due to performance or any other reasons is to be borne/retained, as the case may be, by the renewable energy generator and no true up of any parameter, including additional capitalisation for whatsoever reasons, shall be taken up during the validity of the tariff except for the specific provisions in these Regulations.
(3) Where the parties have, as per the Power Purchase Agreements executed by them, opted for generic levellised tariff or the same is otherwise applicable under regulation 15, the generic levellised tariff determined in relation to the control period under subregulations (1) shall be applicable for all the projects of that category for which the Power Purchase Agreements are approved by the Commission in that control period.