Home› India› Central Electricity Regulatory Commission› In pursuance of Clause 5 6 vi of Ministry of Power MOP Notif...
Date: 15-Mar-2024 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

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

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 February 2024 for payments related to power procurement by distribution licensees. These rates pertain to imported coal and its associated transportation and handling costs, as per the guidelines and policies outlined by the Ministry of Power (MOP).

Key Changes

  • The notification specifies the following monthly escalation rates for February 2024:
  • Escalation rate for imported coal: -1.98%
  • Escalation rate for transportation of imported coal: -0.58%
  • Escalation rate for inland handling of imported coal: 0.44%

Impact Analysis

Distribution Licensees

  • Action Items: Licensees should update their payment models and calculations to reflect the new escalation rates for February 2024. They should also communicate these changes to relevant stakeholders, including power generators and consumers.

Thermal Power Stations

  • Action Items: Power stations should review their fuel procurement costs and revenue projections based on the new escalation rates. They should also assess the impact on their profitability and consider strategies to mitigate any negative effects.

Consumers

  • Action Items: Regulators and distribution companies should transparently communicate the impact of these changes on consumer tariffs. Measures to mitigate potential tariff increases, such as efficiency improvements or alternative fuel sourcing, should be considered.

Coal Importers and Transporters

  • Action Items: These entities should adjust their pricing strategies to reflect the new escalation rates and negotiate contracts accordingly.

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 related to the power sector. Distribution Licensees: Entities responsible for procuring and distributing electricity to consumers. Thermal Power Stations: Power plants that generate electricity using thermal energy, particularly those using imported coal. SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy: A policy aimed at transparently allocating coal in India. Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees: Guidelines issued by the Ministry of Power for determining tariffs through bidding processes.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-16032024-253152 xxxGIDExxx CG-DL-E-16032024-253152 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 176] नई दिल्ली, िुक्रवार, माचच 15, 2024/फाल्ग नु 25, 1945 No. 176] NEW DELHI, FRIDAY, MARCH 15, 2024/PHALGUNA 25, 1945 अजधसचू ना नई दिल् ली, 27 फरवरी, 2024 स.ं .—Þforj.k vuqKfIr/kkfj;ks a }kjk ÅtkZ dh mikfIRk ds fy, cksyh çfØ;k }kjk VSfjQ dk vo/kkj.k djus gsrq ekxZn'kZd fl)karß ls lacaf/kr fo|qr ea=ky; dh le;≤ ij ;Fkkla'kksf/kr rkjh[k 19-01-2005 dh vf/klwpuk ds [kaM 5-6 ¼vi½ ds vuqlj.k eas] dsUnzh; fo|qr fofu;ked vk;ksx dks fo|qr ea=ky; ds i= fnukad 13-04-2022 vkSj **'kfDr ¼Hkkjr eas dks;yk] ikjn'khZ :Ik eas vkcafVr dju s oky s vkSj gkusZflax ds fy, ;kstuk½ uhfr** fnukad 06-03-2019 ds ch¼I½] ch¼III½ vkSj ch¼IV½ ds v/khu dk;s y s ds vkcaVu lfgr ekWMy cksyh nLrkostks a ds v/khu ;FkkçnÙk fMtkbu] fuekZ.k] foÙk] LokfeRo vkSj çpkyu ¼Mhch,Qvksvks½ vk/kkj vkSj lzksr bZa/ku ij LFkkfir FkeZy ikoj LVs'kuks a ls fo|qr dh nh?kZdkfyd mikfIr ds fy, ekxZfunsZ'k** ds la'kks/ku ij fnukad 11-07-2022 ds çLrko ds vuqlj.k eas] dsfofovk Hkqxrku ds iz;kstu ds fy, fuEufyf[kr o`f) njks a dks vf/klwfpr djrk gSA 1- vk;kfrr dks;ys ds fy, o`f) nj (-)1.98% 2- vk;kfrr dks;ys ds ifjogu ds fy, o`f) nj (-)0.58% 3- vk;kfrr dks;ys dh varnsZ'kh; mBkbZ&/kjkbZ ds fy, o`f) nj 0.44% gjizhr flag çqFkh, lfpo [जवज्ञापन-III/4/असा./830/2023-24] 2016 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 27th February, 2024 No. Eco-M02/2024-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 February 2024 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: Sl. Description Monthly Escalation No. Rates for Payment 1 Escalation rate for imported coal (-)1.98% 2 Escalation rate for transportation of imported coal (-)0.58% 3 Escalation rate for inland handling of imported coal 0.44% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./830/2023-24] 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.

Continue your research

Related Documents from Central Electricity Regulatory Commission