The Tamil Nadu Electricity Regulatory Commission (TNERC) has set Rs.4.50 (~$0.066)/kWh as the new benchmark tariff for solar PV projects and Rs.10.19 (~$0.157)/kWh for solar thermal projects without accelerated depreciation (AD). The AD component of the tariff has been fixed at Rs.0.09 (~$0.0014)/kWh for solar PV and Rs.0.21 (~$0.0032)/kWh for solar thermal.