Date: 19-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
This gazette notification from the Central Electricity Regulatory Commission (CERC), dated July 4th, 2024, announces monthly escalation rates for power procurement payments by distribution licensees. These rates are applicable for June 2024 and are based on several earlier guidelines and communications.
The notification specifies escalation rates for imported coal, transportation of imported coal, and inland handling of imported coal, determined in accordance with existing regulations and amendments.
Key Changes
The CERC has notified the following monthly escalation rates for June 2024 payments related to power procurement by distribution licensees:
1. Escalation rate for imported coal: 1.68%
2. Escalation rate for transportation of imported coal: -4.78%
3. Escalation rate for inland handling of imported coal: 0.00%
Impact Analysis
Impact on Distribution Licensees
Distribution licensees need to adjust their budgets and tariff proposals accordingly, considering the impact of these changes on their overall financial performance.
Impact on Power Producers
Producers need to factor these escalation rates into their financial projections and operational planning.
Impact on Consumers
Further analysis is required to assess the potential impact on consumer tariffs.
Suggested Action Items
Further analysis should be conducted to assess the long-term implications of these escalation rates on the power sector.
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 ministry responsible for formulating policies and guidelines related to the power sector. Several of its notifications and communications are referenced in this gazette notification.
Distribution Licensees: Entities procuring power under the guidelines mentioned in the notification. They are directly impacted by the escalation rates.
Power Producers: Entities supplying power to distribution licensees. Their revenue is affected 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 policy document referenced in the notification, outlining the process for determining power tariffs through bidding.
Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis (dated 6.03.2019): Another important policy document referenced in the notification, focusing on long-term power procurement from thermal power stations.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 543] नई दिल्ली, िुक्रिार, िुलाई 19, 2024/आषाढ 28, 1946
No. 543] NEW DELHI, FRIDAY, JULY 19, 2024/ASHADHA 28, 1946
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[जिज्ञापन-III/4/असा./312/2024-25]
4425 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 4th July, 2024
No. Eco-M06/2024-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 June 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:
Sl. Description Monthly Escalation
No. Rates for Payment
1 Escalation rate for imported coal 1.68%
2 Escalation rate for transportation of imported coal -4.78%
3 Escalation rate for inland handling of imported coal 0.00%
HARPREET SINGH PRUTHI, Secy.
[ADVT.-III/4/Exty./312/2024-25]
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.