Home› India› Central Electricity Regulatory Commission› In pursuance of Clause 56 vi of Ministry of Power MOP Notifi...
Date: 16-Apr-2024 Category: Extra Ordinary State: Union Government Country: India

In pursuance of Clause 56 vi of Ministry of Power MOP Notification on Guidelines for Determination of Tariff by Bidding Process

Issued by Central Electricity Regulatory Commission · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The notification issued by the Central Electricity Regulatory Commission (CERC) announces the monthly escalation rates applicable for March 2024 for the purpose of payment for power procured by distribution licensees. These rates are relevant to Power Purchase Agreements (PPAs) entered into under the Ministry of Power's guidelines for tariff determination through bidding processes.

Key Changes

  • The notification specifies the following monthly escalation rates for March 2024:
  • Escalation rate for imported coal: -0.56%
  • Escalation rate for transportation of imported coal: 5.19%
  • Escalation rate for inland handling of imported coal: -0.61%

Impact Analysis

Distribution Licensees

  • Action Item: Distribution licensees should update their payment calculations for March 2024 based on the new escalation rates.

Thermal Power Generators

  • Action Item: Thermal power generators need to incorporate these escalation rates into their invoicing and revenue projections for March 2024.

Consumers

  • Action Item: Regulators should monitor the cumulative effect of such escalation rates on consumer tariffs.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for notifying the escalation rates based on the Ministry of Power's guidelines and communications. Ministry of Power (MOP): The government ministry that issued the original guidelines for tariff determination and the SHAKTI policy. They provided communications to CERC regarding these escalation rates. Distribution Licensees: Entities responsible for procuring and distributing electricity to end consumers. Thermal Power Stations: Power plants 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 SHAKTI Policy. SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy: A policy by the Ministry of Power related to coal allocation for power generation. Notification dated 19.01.2005: Ministry of Power Notification on “Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees”
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18042024-253744 xxxGIDHxxx CG-DL-E-18042024-253744 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 268] नई दिल्ली, मगं लिार, अप्रलै 16, 2024/चत्रै 27, 1946 No. 268] NEW DELHI, TUESEDAY, APRIL 16, 2024/CHAITRA 27, 1946 ubZ fnYyh] 24 ekpZ] 2024 .—Þforj.k vuKq fIr/kkfj;ks a }kjk ÅtkZ dh mikfIRk ds fy, cksyh çfØ;k }kjk VSfjQ dk vo/kkj.k djus gsrq ekxZn'kZd fl)karß ls lacaf/kr fo|qr ea=ky; dh le;≤ ij ;Fkkla'kksf/kr rkjh[k 19-01-2005 dh vf/klwpuk ds [kaM 5-6 ¼vi½ ds vuqlj.k eas] dsUnzh; fo|qr fofu;ked vk;ksx dks fo|qr e=a ky; ds i= fnukad 13-04-2022 vkSj **'kfDr ¼Hkkjr es a dks;yk] ikjn'khZ :Ik es a vkcafVr djus oky s vkSj gkusZflax ds fy, ;kstuk½ uhfr** fnukad 06-03-2019 ds ch¼I½] ch¼III½ vkSj ch¼IV½ ds v/khu dks;ys ds vkcaVu lfgr ekWMy cksyh nLrkostks a ds v/khu ;FkkçnÙk fMtkbu] fuekZ.k] foÙk] LokfeRo vkSj çpkyu ¼Mhch,Qvksvks½ vk/kkj vkSj lzksr bZa/ku ij LFkkfir FkeZy ikoj LVs'kuksa ls fo|qr dh nh?kZdkfyd mikfIr ds fy, ekxZfunsZ'k** ds la'kks/ku ij fnukad 11-07-2022 ds çLrko ds vuqlj.k eas] dsfofovk Hkqxrku ds iz;kstu ds fy, fuEufyf[kr o`f) njks a dks vf/klwfpr djrk gSA 1- vk;kfrr dks;y s ds fy, o`f) nj (-)0.56% 2- vk;kfrr dks;y s ds ifjogu ds fy, o`f) nj 5.19% 3- vk;kfrr dks;y s dh varnZs'kh; mBkbZ&/kjkbZ ds fy, o`f) nj (-)0.61% gjizhr flag çqFkh] lfpo [जिज्ञापन-III/4/असा./037/2024-25] 2599 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 24th March, 2024 No. Eco-M03/2024-CERC.—In pursuance of Clause 5.6 (vi) of 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 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 March 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 (-)0.56% 2 Escalation rate for transportation of imported coal 5.19% 3 Escalation rate for inland handling of imported coal (-)0.61% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./037/2024-25] 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.

Continue your research

Related Documents from Central Electricity Regulatory Commission