Date: 01-Jul-2024Category: Extra OrdinaryState: Union GovernmentCountry: India
In pursuance of Clause 5 6 vi of the Ministry of Power MOP Notification on Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees
This extraordinary gazette notification from the Central Electricity Regulatory Commission (CERC), dated July 1, 2024, announces monthly escalation rates for payments related to power procurement by distribution licensees. These rates are applicable for May 2024 and are based on several previous notifications and guidelines.
The notification specifies escalation rates for imported coal, its transportation, and inland handling.
Key Changes and Updates
The CERC has notified the following monthly escalation rates for May 2024 payments for power procurement by distribution licensees:
1. Escalation rate for imported coal: -3.44%
2. Escalation rate for transportation of imported coal: 1.18%
3. Escalation rate for inland handling of imported coal: 0.08%
These rates are based on Clause 5.6 (vi) of the Ministry of Power (MOP) Notification dated 19.01.2005 (as amended), an MOP communication dated 13.04.2022, and an MOP Resolution dated 11.07.2022, referencing a policy dated 06.03.2019.
Impact Analysis
Impact on Distribution Licensees
Action Item: Distribution licensees should review their power purchase agreements and adjust their payment calculations accordingly.
Impact on Power Producers
Action Item: Power producers should analyze the impact of these changes on their profitability and adjust their pricing strategies if needed.
Impact on Consumers
Action Item: Regulatory bodies should monitor the impact of these changes on consumer tariffs and ensure fairness and transparency.
Impact on the Government
Action Item: The government should continue to monitor the effectiveness of these mechanisms and make adjustments as necessary to balance the interests of all stakeholders.
Key Entities Referenced
Central Electricity Regulatory Commission (CERC): The issuing authority of the gazette notification. Responsible for regulating the electricity sector in India.
Ministry of Power (MOP): The central government ministry responsible for the power sector. Its notifications and communications form the basis for the CERC's actions.
Distribution Licensees: Entities responsible for distributing electricity to consumers. They are directly affected by the escalation rates.
Power Producers: Entities generating electricity, whose revenue is influenced by the escalation rates.
Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees (dated 19.01.2005): A key document referenced in the notification, outlining the framework for power procurement.
Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis (dated 06.03.2019): Another key document referenced in the notification, focusing on long-term power procurement.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-02072024-255087
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 470] नई दिल्ली, सोमवार , िुलाई 1, 2024/आषाढ 10, 1946
No. 470] NEW DELHI, MONDAY, JULY 1, 2024/ASHADHA 10, 1946
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[जवज्ञापन-III/4/असा./239/2024-25]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 12th June, 2024
No. Eco-M05/2024-CERC.—In pursuance of Clause 5.6 (vi) of the 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 an 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 May 2024 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 -3.44%
2 Escalation rate for transportation of imported coal 1.18%
3 Escalation rate for inland handling of imported coal 0.08%
HARPREET SINGH PRUTHI, Secy.
[ADVT.-III/4/Exty./239/2024-25]
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.