This notification from the Central Electricity Regulatory Commission (CERC), dated December 8, 2017, concerns the revision of escalation rates for domestic coal used in power procurement. It is issued in pursuance of Clause 5.6 of the Ministry of Power's notification dated January 19, 2005, which outlines guidelines for tariff determination through bidding processes for power procurement by distribution licensees.
The notification revises the annual escalation rate for domestic coal, applicable for payment purposes as per Power Purchase Agreements (PPAs) for the period between October 1, 2012, and March 31, 2013. The old annual escalation rate of 65.47 is revised to 3.98. Consequently, the old annual escalation rate for domestic coal notified on October 8, 2012, is cancelled. The revision is based on the corrected Wholesale Price Index (WPI) for non-coking coal provided by the Office of the Economic Adviser, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
The notification is issued by Sanoj Kumar Jha, Secretary, CERC.
Key Entities Referenced
Central Electricity Regulatory Commission: An Indian regulatory body that notifies escalation rates for payment purposes.
Ministry of Power: A ministry of the Government of India. It issued a notification on guidelines for tariff determination.
New Delhi: The location where the notification was issued.
Power Purchase Agreement: Agreement related to payment as per the notification.
Economic Adviser, Department of Industrial Policy promotion, Ministry of Commerce and Industry: Office providing the Wholesale Price Index for noncoking coal.
Sanoj Kumar Jha: Secretary of the Central Electricity Regulatory Commission.
Wholesale Price Index: Index used for revising the Annual Escalation Rate.
Government of India Press, Ring Road, Mayapuri, New Delhi: Press which uploaded the policy document
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195 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 8th December, 2017
No. Eco-2/2012-CERC.—In pursuance of Clause 5.6 (vi) of Ministry of Power 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, the Central Electricity Regulatory Commission notifies escalation rates for the purpose of
payment.
2. The Commission in its notification dated 08.10.2012, had notified the “Escalation Rate for Domestic Coal”,
which has been amended as under:
Annual Escalation Rate applicable for the purpose of payment as per the Power Purchase Agreement for the
period between 01.10.2012 and 31.03.2013
S.No Description Old Annual Escalation Rate for Revised Annual Escalation Rate for
Payment* Payment#
1 Escalation rate for domestic 65.47% 3.98%
coal
* The old Annual Escalation Rate for domestic coal for the purpose of payment notified dated 08.10.2012 stands
cancelled.
# The Annual Escalation Rate has been revised based on the corrected Wholesale Price Index for non-coking coal
provided by the Office of the Economic Adviser, Department of Industrial Policy & promotion, Ministry of Commerce
and Industry.
SANOJ KUMAR JHA, Secy.
[ADVT.-III/4/Exty./381/17]
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.