Executive Summary:
This notification announces the Central Electricity Regulatory Commission Terms and Conditions of Tariff Second Amendment Regulations, 2019. It amends the Central Electricity Regulatory Commission Terms and Conditions of Tariff Regulations, 2014. The amendment introduces a new regulation regarding the Transmission Majoration Factor. These regulations come into force from the date of notification in the Official Gazette.
Key Points / Main Content:
* **Amendment Title:** Central Electricity Regulatory Commission Terms and Conditions of Tariff Second Amendment Regulations, 2019.
* **Effective Date:** From the date of notification in the Official Gazette.
* **Insertion of New Regulation:** A new Regulation 49A is inserted after Regulation 49 of the Principal Regulations.
* **Regulation 49A - Transmission Majoration Factor:**
* Transmission Majoration Factor is admissible for transmission projects executed through the Joint Venture (JV) route.
* The admissibility is in terms of Regulation 4.10A of the Central Electricity Regulatory Commission Terms and Conditions of Tariff Regulations, 2001.
* The factor is available for 25 years from the date of issue of the transmission license.
Impact Analysis:
* **Central Electricity Regulatory Commission:**
* Impact: Responsible for implementing and enforcing the amended regulations.
* Action Required: Ensure compliance with the new regulations in tariff determinations and licensing.
* **Transmission Project Developers (JV Route):**
* Impact: Can avail Transmission Majoration Factor for eligible projects, impacting project economics.
* Action Required: Understand and comply with the conditions for availing the Transmission Majoration Factor, including the 25-year limit from license issuance.
* **Transmission License Holders:**
* Impact: Affected by the applicability of the Transmission Majoration Factor to their projects executed through the JV route.
* Action Required: Review and adjust tariff structures based on the new regulations and ensure compliance.
Key Entities Referenced
Central Electricity Regulatory Commission: The central regulatory body responsible for regulating the electricity sector in India.
Electricity Act, 2003: The Indian legislation that governs the electricity sector, providing the legal framework for generation, transmission, distribution, and regulation of electricity.
Central Electricity Regulatory Commission Terms and Conditions of Tariff Regulations, 2014: Regulations established by the Central Electricity Regulatory Commission (CERC) that define the terms and conditions for tariff determination in the electricity sector.
Central Electricity Regulatory Commission Terms and Conditions of Tariff Second Amendment Regulations, 2019: An amendment to the 2014 regulations by the Central Electricity Regulatory Commission (CERC) concerning tariff terms and conditions.
Section 178 of the Electricity Act, 2003: Section of the Electricity Act, 2003, that confers powers to the Central Electricity Regulatory Commission.
Gazette of India: The official journal of the Government of India, publishing official notifications, regulations, and acts.
Transmission Majoration Factor: Factor admissible for transmission projects executed through JV route as per the new regulation inserted.
New Delhi: The location where the notification was issued.
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CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 30th January, 2019
No. L-1/144/2013-CERC.— In exercise of powers conferred under Section 178 of the Electricity Act,
2003 and all other powers enabling it in this behalf, and after previous publication, the Central Electricity
Regulatory Commission hereby makes the following regulations, to amend Central Electricity Regulatory
Commission (Terms and Conditions of Tariff) Regulations, 2014, (hereinafter referred to as "the Principal
Regulations"), namely:
1. Short title and commencement: (1) These regulations may be called the Central Electricity
Regulatory Commission (Terms and Conditions of Tariff) (Second Amendment) Regulations, 2019.
(2) These regulations shall come into force with effect from the date of notification in the Official
Gazette.
2. Insertion of new Regulation: The following new Regulation shall be inserted after Regulation 49 of
the Principal Regulations.
"49A Transmission Majoration Factor:
Transmission Majoration Factor admissible for the transmission projects executed through JV route in
terms of Regulation 4.10A of the Central Electricity Regulatory Commission (Terms and Conditions of Tariff)
Regulations, 2001 shall be available for a period of 25 years from the date of issue of the transmission
licence.".
SANOJ KUMAR JHA, Secy.
[ADVT.III/4/Exty./542/18]
Note: The Principal Regulations were published on 12th March, 2014 in the Gazette of India, Extraordinary, Part
III, Section 4 at Serial No. 83. The first amendment was issued on 24th November, 2015 in the Gazette of India,
Extraordinary, Part III, Section 4 at Serial No. 379.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.