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Date: 12-Jun-2023 Category: Extra Ordinary State: Union Government Country: India

In pursuance of Clause 5 6 vi of Ministry of Power MOP Notification on Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification issued by the Central Electricity Regulatory Commission (CERC) announces the monthly escalation rates applicable for May 2023, for payments related to power procurement by distribution licensees. These rates are specifically for power purchase agreements (PPAs) entered into under the guidelines for tariff determination through bidding processes.

Key Changes

  • The notification specifies the following monthly escalation rates for May 2023:
  • Escalation rate for imported coal: 1.37%
  • Escalation rate for transportation of imported coal: 4.09%
  • Escalation rate for inland handling of imported coal: 0.06%

Impact Analysis

Distribution Licensees

  • Action Items: Licensees need to incorporate these updated escalation rates into their financial models and payment calculations for power purchase agreements. They should also assess the overall impact on their profitability and tariff structures.

Power Generators

  • Action Items: Power generators should review their PPAs and update their invoicing processes to reflect the new escalation rates. They should also analyze the impact on their fuel costs and overall financial performance.

Consumers

  • Action Items: Regulators and distribution companies should communicate transparently with consumers about potential tariff adjustments due to changes in fuel costs.

Government

  • Action Items: The Ministry of Power and CERC should continue to assess the effectiveness of the bidding guidelines and escalation mechanisms to ensure they align with the overall objectives of the SHAKTI policy and promote a stable and affordable power supply.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for notifying the escalation rates and overseeing the power sector. Ministry of Power (MOP): The government ministry responsible for formulating policies and guidelines for the power sector. Distribution Licensees: Entities responsible for procuring and distributing electricity to consumers. SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy: A government policy aimed at ensuring transparent allocation of coal resources. Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees: The framework under which power purchase agreements are established and tariffs are determined through bidding.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-13062023-246485 xxxGIDHxxx CG-DL-E-13062023-246485 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 405] नई दिल्ली, सोमवार, िनू 12, 2023/ज्य ष्े ठ 22, 1945 No. 405] NEW DELHI, MONDAY, JUNE 12, 2023/JYAISHTHA 22, 1945 अजधसचू ना नई दिल्ली, 31 मई, 2023 फा. स.ं .—Þforj.k vuqKfIr/kkfj;ks a }kjk ÅtkZ dh mikfIRk ds fy, ckys h çfØ;k }kjk VSfjQ dk vo/kkj.k djus grs q ekxZn'kdZ fl)karß ls lacaf/kr fo|qr e=a ky; dh le;≤ ij ;Fkkla'kkfs/kr rkjh[k 19-01-2005 dh vf/klwpuk ds [kaM 5-6 ¼vi½ ds vuqlj.k eas] dsUnzh; fo|qr fofu;ked vk;kxs dk s fo|qr ea=ky; ds i= fnukda 13-04-2022 vkSj **'kfDr ¼Hkkjr es a dk;s yk] ikjn'khZ :Ik esa vkcafVr djus okys vkSj gkuZsflax ds fy, ;kts uk½ uhfr** fnukad 06-03-2019 ds ch¼I½] ch¼III½ vkSj ch¼IV½ ds v/khu dk;s ys ds vkcaVu lfgr ekWMy ckys h nLrkostksa ds v/khu ;FkkçnÙk fMtkbu] fuekZ.k] foÙk] LokfeRo vkSj çpkyu ¼Mhch,Qvkvs k½s vk/kkj vkSj lzkrs baZ/ku ij LFkkfir FkeZy ikoj LVs'kuks a ls fo|rq dh nh?kZdkfyd mikfIr ds fy, ekxZ funsZ'k** ds la'kk/s ku ij fnukad 11-07-2022 ds çLrko ds vuqlj.k es]a dsfofovk Hkqxrku ds iz;kts u ds fy, fuEufyf[kr o`f) njkas dk s vf/klwfpr djrk gSA 3730 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 1- vk;kfrr dks;ys ds fy, o`f) nj 1.37% 2- vk;kfrr dks;ys ds ifjogu ds fy, o`f) nj 4.09% 3- vk;kfrr dks;ys dh varnsZ'kh; mBkbZ&/kjkbZ ds fy, o`f) nj 0.06% gjizhr flag çqFkh] lfpo [जवज्ञापन-III/4/असा./186/2023-24] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 31st May, 2023 F. No. Eco-M05/2023-CERC.—In pursuance of Clause 5.6 (vi) of Ministry of Power (MOP) Notification on “Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees” dated 19.01.2005 as amended from time to time, MOP communication to the Central Electricity Regulatory Commission (CERC) dated 13.04.2022, and MOP Resolution dated 11.07.2022 on amendment to the “Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis and sourcing fuel as provided under Model Bidding Documents including allocation of coal under B (I), B(III) and B(IV) of SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy” dated 6.03.2019, the CERC notifies the following escalation rates for the purpose of payment. Monthly Escalation Rates applicable for May 2023 for the purpose of payment for Procurement of Power by Distribution Licensees as per the Power Purchase Agreement entered into under the Guidelines mentioned above: Sr. Description Monthly Escalation Rates No. for Payment 1 Escalation rate for imported coal 1.37% 2 Escalation rate for transportation of imported coal 4.09% 3 Escalation rate for inland handling of imported coal 0.06% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./186/2023-24] 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.

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