The gazette notification issued by the Central Electricity Regulatory Commission (CERC) announces the monthly escalation rates applicable for August 2023 for payments related to power procurement by distribution licensees. These rates pertain to power purchase agreements entered under the Ministry of Power guidelines.
The escalation rates are specifically for thermal power stations set up on a Design, Build, Finance, Own and Operate (DBFOO) basis and sourcing fuel as provided under Model Bidding Documents including allocation of coal under SHAKTI Policy.
Key Changes
The notification specifies the following monthly escalation rates for August 2023:
Escalation rate for imported coal: -1.15%
Escalation rate for transportation of imported coal: 0.01%
Escalation rate for inland handling of imported coal: -0.57%
Impact Analysis
Distribution Licensees
Action Item: Review power purchase agreements and update payment calculations to reflect the notified escalation rates.
Thermal Power Generators (DBFOO Basis)
Action Item: Assess the impact of these escalation rates on revenue projections and financial models.
Consumers
Action Item: Monitor the impact of these escalation rates on consumer tariffs and assess potential implications.
Government
Action Item: Continue to monitor and adjust policies to maintain a stable and affordable power supply.
Key Entities Referenced
Central Electricity Regulatory Commission (CERC): The regulatory body responsible for notifying the escalation rates for power procurement.
Ministry of Power (MOP): The government ministry that issued the guidelines for tariff determination and long-term power procurement.
Distribution Licensees: Entities responsible for procuring and distributing power to consumers.
Thermal Power Stations (DBFOO): Power plants set up on a Design, Build, Finance, Own and Operate basis.
SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy: Government policy related to coal allocation for power generation.
Notification dated 19.01.2005: Ministry of Power Notification on “Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees”
Letter dated 13.04.2022: Ministry of Power communication to the Central Electricity Regulatory Commission (CERC)
Resolution dated 11.07.2022: Ministry of Power Resolution 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”
SHAKTI Policy dated 06.03.2019: Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-22092023-248902
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
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[जाज्ञापन-III/4/असा./435/2023-24]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 30th August, 2023
No. Eco-M08/2023-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 August 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 -1.15%
2. Escalation rate for transportation of imported coal 0.01%
3. Escalation rate for inland handling of imported coal -0.57%
HARPREET SINGH PRUTHI, Secy.
[ADVT.-III/4/Exty./435/2023-24]
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.