Executive Summary:
This notification from the Central Electricity Regulatory Commission (CERC) announces an amendment to a previous notification dated April 1, 2013, regarding escalation rates for domestic coal. The revision is made in pursuance of guidelines for tariff determination by bidding process for power procurement. The revised annual escalation rate is applicable for payment purposes under Power Purchase Agreements for the period between April 1, 2013, and September 30, 2013.
Key Points / Main Content:
* **Amendment Overview:**
* The notification amends the escalation rate for domestic coal as previously notified on April 1, 2013.
* This amendment follows Clause 5.6 vi of the Ministry of Power's guidelines on tariff determination.
* **Revised Escalation Rate:**
* The old annual escalation rate for domestic coal is cancelled.
* The revised annual escalation rate for domestic coal is 4.10.
* The revision is based on the corrected Wholesale Price Index for non-coking coal provided by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
* **Applicability Period:**
* The revised rate applies for the period between April 1, 2013, and September 30, 2013, for payment purposes as per Power Purchase Agreements.
Impact Analysis:
* **Power Distribution Licensees:**
* *Impact:* These entities are affected as the cost of power procured through bidding processes which involved domestic coal for the specified period, will be subject to the revised escalation rate.
* *Action Required:* Licensees must adjust payments based on the revised escalation rate of 4.10 for domestic coal for the period between April 1, 2013, and September 30, 2013.
Key Entities Referenced
Central Electricity Regulatory Commission: The regulatory body issuing the notification regarding escalation rates for power procurement.
Ministry of Power: The ministry that issued the notification on guidelines for tariff determination through bidding process.
New Delhi: The location where the notification was issued.
01.04.2013: Date of the original notification regarding escalation rates for domestic coal, which is being amended.
19.01.2005: Date of the Ministry of Power notification on guidelines for tariff determination.
Power Purchase Agreement: Agreement referenced for payment purposes related to the annual escalation rate.
Department of Industrial Policy promotion, Ministry of Commerce and Industry: The department providing the Wholesale Price Index for non-coking coal used for revising the escalation rate.
Domestic Coal: Commodity whose escalation rate is being revised.
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[िव(cid:3)ापन-III /4/असा. /383/17]
197 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, 8th December, 2017
AMENDMENT TO THE NOTIFICATION DATED 01.04.2013
No. Eco-1/2013-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 01.04.2013, 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 01.04.2013 and 30.09.2013
S.No Description Old Annual Escalation Rate Revised Annual Escalation Rate for
for Payment* Payment#
1 Escalation rate for domestic 0.00% 4.10%
coal
* The old Annual Escalation Rate for domestic coal for the purpose of payment notified dated 01.04.2013
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./383/17]
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.