Executive Summary:
This notification from the Central Electricity Regulatory Commission (CERC) amends the escalation rate for domestic coal, as previously notified on 07.10.2013. The revision is made following guidelines from the Ministry of Power and is effective for payments related to the period between 01.10.2013 and 31.03.2014. The amended rates are based on the corrected Wholesale Price Index for non-coking coal.
Key Points / Main Content:
Amendment Details:
* The notification amends the escalation rate for domestic coal used for payment purposes.
* The amendment follows Clause 5.6 vi of the Ministry of Power Notification dated 19.01.2005.
Revised Escalation Rates:
* For the period between 01.10.2013 and 31.03.2014, the revised annual escalation rate for domestic coal is 0.71.
* The old annual escalation rate of 28.22, notified on 07.10.2013, is cancelled.
Basis for Revision:
* The revision is based on the corrected Wholesale Price Index for non-coking coal.
* The index was provided by the Office of the Economic Adviser, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
Impact Analysis:
Distribution Licensees:
* Impact: Will use the revised escalation rate for determining tariff by bidding process for procurement of power and for payment purposes as per Power Purchase Agreements (PPA) during the specified period (01.10.2013 - 31.03.2014).
* Action Required: Implement the revised escalation rate of 0.71 for domestic coal in relevant payments and tariff calculations for the specified period and cease using the previous rate of 28.22.
Central Electricity Regulatory Commission (CERC):
* Impact: Responsible for enforcing the amended escalation rates.
* Action Required: Ensure compliance with the new notification.
Key Entities Referenced
New Delhi: The city where the notification was issued.
Central Electricity Regulatory Commission: The regulatory body issuing the notification.
Ministry of Power: The government ministry that issued guidelines for tariff determination.
Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees: The policy document for determining tariffs, issued by the Ministry of Power.
Power Purchase Agreement: Agreement related to the purchase of power.
Department of Industrial Policy promotion, Ministry of Commerce and Industry: The department providing the Wholesale Price Index for noncoking coal.
07.10.2013: Date of the original notification being amended.
Sanoj Kumar Jha: Secretary of Central Electricity Regulatory Commission.
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[िव(cid:3)ापन-III /4/असा. /384/17]
198 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 8th December, 2017
AMENDMENT TO THE NOTIFICATION DATED 07.10.2013
No. Eco-2/2013-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 07.10.2013, 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 01.10.2013 and 31.03.2014
S.No. Description Old Annual Escalation Rate Revised Annual Escalation Rate for
for Payment* Payment#
1 Escalation rate for domestic (-)28.22 % 0.71%
coal
* The old Annual Escalation Rate for domestic coal for the purpose of payment notified dated 07.10.2013
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./384/17]
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and Published by the Controller of Publications, Delhi-110054.