The power ministry on Wednesday said it has done away with a uniform tariff mechanism and dissolved central pricing pools for renewable energy purchase pacts amid concerns over uncertainty on power tariffs.

The move is expected to ease price discovery between renewable energy producers and users as well as deployment of renewable capacity in the country.

In view of the substantial renewable energy capacity awaiting power sales agreement (PSA) signing and to expedite the deployment of RE, it has been decided to withdraw the order regarding the implementation of the Uniform Renewable Energy Tariff (URET) mechanism, the ministry said in a statement. Consequently, the Solar Power Central Pool and Solar-Wind Hybrid Central Pool shall stand dissolved, it said.                                   -PTI