What is Tariff-Based Competitive Bidding (TBCB)?
Tariff-Based Competitive Bidding (TBCB) is a procurement method in the power sector. Here, government bodies or distribution utilities invite bids from power supplier agencies. The power supplier has to feed the specified quantity of power to the grid. The project offering the lowest tariff (price per kWh) is selected through tender. This mechanism was introduced … Read more