Executive Summary:
This notification announces the First Amendment Regulations of 2019 to the Electricity Supply Code Regulations of 2018 for the State of Goa and Union Territories. It replaces the existing regulation 5.135 regarding interest on security deposits. The regulations came into force on March 29, 2019, the date of their publication.
Key Points / Main Content:
* **General Information**
* The notification concerns the Joint Electricity Regulatory Commission (JERC) for the State of Goa and Union Territories.
* It pertains to the Electricity Supply Code Regulations, 2018.
* It is the First Amendment Regulations, 2019, to the aforementioned code.
* **Effective Date**
* The regulations came into force on March 29, 2019.
* **Amendment to Regulation 5.135 (Interest on Security Deposit)**
* The original regulation 5.135 is replaced.
* Licensees will pay interest to consumers on security deposits at the bank rate declared by the Reserve Bank of India, effective April 1st of each year.
* Interest is payable annually from the date of the deposit for new connections energized after March 29, 2019 or from the date of notification of the Supply Code, 2018 in other cases.
* Accrued interest will be adjusted in the consumer's bill for the first billing cycle of the following financial year.
* No interest is paid if the security deposit is in the form of a Bank Guarantee or lien against fixed deposits.
Impact Analysis:
* **Licensees:**
* Impact: Required to pay interest on consumer security deposits as per the revised regulations.
* Action Required: Implement the new interest calculation and payment process.
* **Consumers in Goa and Union Territories:**
* Impact: Entitled to receive interest on their security deposits, except when deposits are in the form of bank guarantees or liens.
* Action Required: Review their electricity bills to ensure the interest is correctly applied to their accounts.
* **Joint Electricity Regulatory Commission (JERC):**
* Impact: Responsible for enforcing the amended regulations.
* Action Required: Oversee the implementation of the revised regulations by the licensees.
Key Entities Referenced
Joint Electricity Regulatory Commission for the State of Goa and Union Territories: The regulatory body responsible for electricity regulation in the State of Goa and Union Territories.
Electricity Supply Code Regulations, 2018: A set of regulations pertaining to electricity supply in Goa and Union Territories, issued by the Joint Electricity Regulatory Commission.
Electricity Act, 2003: The primary legislation governing the electricity sector in India. Act No. 36 of 2003.
Goa: A state in India, whose electricity regulation falls under the purview of the Joint Electricity Regulatory Commission.
Union Territories: The Union Territories of India, whose electricity regulation falls under the purview of the Joint Electricity Regulatory Commission.
Gurugram, Haryana: The location where the notification was issued.
Reserve Bank of India: The central bank of India, which sets the bank rate used for interest calculations on security deposits.
Rakesh Kumar: Secretary who signed the notification.
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1928 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
JOINT ELECTRICITY REGULATORY COMMISSION
(For the State of Goa and Union Territories)
NOTIFICATION
Gurugram, the 25th March, 2019
Joint Electricity Regulatory Commission (for the State of Goa and Union Territories) Electricity Supply
Code, Regulations, 2018
No. JERC : 23/2018.—In exercise of the powers conferred under Section 181 read with Section 50,
of the Electricity Act, 2003 (Act No. 36 of 2003) (hereinafter referred to as ‘the Act’), and all other powers
enabling it in this behalf including sub-ordinate legislation, rules, statutory orders, resolutions, clarifications
issued by the Government in terms of the Act relating to supply of electricity, the Joint Electricity Regulatory
Commission for the State of Goa and Union Territories (UTs) made the “Electricity Supply Code”
Regulations, 2018, hereinafter called the Supply Code, 2018. (Notified on 26th November, 2018)
1. Short title and commencement
1. These Regulations may be called The Joint Electricity Regulatory Commission for the State of
Goa and Union Territories (Electricity Supply Code) Regulations, 2018 (First Amendment)
Regulations, 2019
2. These Regulations shall come into force from the date of their publication in official Gazette.
2. Regulation 5.135 of Supply Code, 2018 is hereby replaced with the following:
Interest on Security Deposit
5.135 The Licensee shall pay interest to the consumer at the Bank Rate declared by the Reserve
Bank of India prevailing on the 1stof April for the year, payable annually on the consumer’s
security deposit with effect from date of such deposit in case of new connections energized after
the date of this notification, or in other cases, from the date of notification of this Supply Code,
2018. The interest accrued during the year shall be adjusted in the consumer’s bill for the first
billing cycle of the ensuing financial year. If the Security Deposit is submitted in the form of Bank
Guarantee or by providing lien against fixed deposits, no interest shall be payable to the
consumer.
RAKESH KUMAR, Secy.
[Advt.-III/4/Exty./589/18]
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.