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Date: 06-Apr-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 notification issued by the Central Electricity Regulatory Commission (CERC) announces the monthly escalation rates applicable for March 2023 for payment purposes related to power procurement by distribution licensees.
  • These rates are relevant to Power Purchase Agreements (PPAs) entered into under the Ministry of Power (MOP) guidelines for tariff determination through bidding processes.

Key Changes

  • The notification specifies the following escalation rates:
  • Escalation rate for imported coal: -25.83%
  • Escalation rate for transportation of imported coal: 2.16%
  • Escalation rate for inland handling of imported coal: -0.89%
  • These rates are applicable for the month of March 2023.

Impact Analysis

Distribution Licensees

  • They should also analyze the overall impact on their power procurement costs and consider adjusting their strategies accordingly.

Thermal Power Generators

  • Action Items: Power generators should review their financial models and adjust their revenue projections to reflect the new escalation rates. They should also assess the impact on their profitability and explore strategies to mitigate any negative effects.

Consumers

  • Action Items: Regulators should monitor the impact of these escalation rates on electricity tariffs and ensure that consumers benefit from any cost savings.

Coal Importers and Transporters

  • Action Items: Coal importers should re-evaluate their pricing strategies in light of the new escalation rates. Transporters should be prepared for a slight increase in demand for their services.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body that issued the notification and is responsible for regulating the power sector in India. Ministry of Power (MOP): The government ministry that formulates policies and guidelines for the power sector. Distribution Licensees: Entities responsible for distributing electricity to consumers. Thermal Power Stations: Power plants that generate electricity using thermal energy, often from coal. SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy: A government policy aimed at ensuring transparent allocation of 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 competitive bidding.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-06042023-245013 xxxGIDHxxx CG-DL-E-06042023-245013 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 231] नई दिल्ली, बृहस्ट्प जतिार, अप्रलै 6, 2023/चत्रै 16, 1945 No. 231] NEW DELHI, THURSDAY, APRIL 6, 2023/CHAITRA 16, 1945 अजधसचू ना नई दिल्ली, 21 माच,च 2023 Þforj.k vuKq fIr/kkfj;ks a }kjk ÅtkZ dh mikfIRk ds fy, cksyh çfØ;k }kjk VSfjQ dk vo/kkj.k dju s gsrq ekxZn'kZd 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;ksx dks fo|qr e=a ky; ds i= fnukad 13-04-2022 vkSj **'kfDr ¼Hkkjr eas dks;yk] ikjn'khZ :Ik eas vkcafVr djus oky s vkSj gkuZsflax ds fy, ;kstuk½ uhfr** fnukad 06-03-2019 ds ch¼I½] ch¼III½ vkSj ch¼IV½ ds v/khu dks;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 Z 1- vk;kfrr dks;y s ds fy, o`f) nj (-)25.83% 2- vk;kfrr dks;y s ds ifjogu ds fy, o`f) nj 2.16% 3- vk;kfrr dks;y s dh varnZs'kh; mBkbZ&/kjkbZ ds fy, o`f) nj (-)0.89% gjizhr flag çqFkh] lfpo [जिज्ञापन-III/4/असा./012/2023-24] 2313 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi the, 21st March, 2023 No. Eco-M03/2023-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 March 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: Sl. Description Monthly Escalation Rates No. for Payment 1 Escalation rate for imported coal (-)25.83% 2 Escalation rate for transportation of imported coal 2.16% 3 Escalation rate for inland handling of imported coal (-)0.89% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./012/2023-24] 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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