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Date: 21-Apr-2023 Category: Extra Ordinary State: Union Government Country: India

In pursuance of Clause 56 vi of Ministry of Powers Notification on Guidelines for Determination of Tariff

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification issued by the Central Electricity Regulatory Commission (CERC) announces the annual escalation rates applicable for the period from April 1, 2023, to September 30, 2023, for the purpose of payment for power procured by distribution licensees. These rates are applicable as per the Power Purchase Agreements (PPAs) entered into under the guidelines issued by the Ministry of Power.

Key Changes

  • Escalation rate for domestic coal is 0.00%.
  • Escalation rate for domestic gas is 145.78%.
  • Escalation rate for imported coal is (-)34.19%.
  • Escalation rate for transportation of imported coal is (-)55.17%.
  • Escalation rate for inland handling of imported coal is 4.56%.
  • Escalation rates for inland transportation charges for coal (up to 2000 Km and beyond) are 0.00%.
  • Escalation rate for inland transportation charges for gas is 0.00%.
  • Escalation rate for imported gas is (-)43.11%.
  • Escalation rate for transportation of imported gas is (-)55.17%.
  • Escalation rate for inland handling of imported gas is 4.56%.
  • Inflation rate to be applied to indexed capacity charge component is 4.56%.
  • Inflation rate to be applied to indexed energy charge component in cases of captive fuel source is 12.94%.

Impact Analysis

Distribution Licensees

  • Action Item: Update payment calculation models to reflect the new escalation rates.

Power Generators (Coal-based)

  • Action Item: Re-evaluate financial models and consider renegotiating PPAs if possible, especially for imported coal-based plants.

Power Generators (Gas-based)

  • Action Item: Re-evaluate financial models and consider renegotiating PPAs if possible, especially for imported gas-based plants.

Renewable Energy Projects

  • Action Item: Assess the impact of these escalation rates on the overall project economics, considering the proportion of thermal power in the energy mix.

Consumers

  • Action Item: Monitor tariff adjustments by distribution licensees and advocate for fair pricing.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body that notifies the escalation rates for power procurement. Ministry of Power: The government ministry that issues guidelines for tariff determination and competitive bidding processes in the power sector. Distribution Licensees: Entities responsible for procuring and distributing power to consumers. Power Purchase Agreements (PPAs): Contracts between power generators and distribution licensees for the sale and purchase of electricity.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-24042023-245360 xxxGIDHxxx CG-DL-E-24042023-245360 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 264] नई दिल्ली, िजनवार, अप्रलै 22, 2023/विै ाख 2, 1945 No. 264] NEW DELHI, SATURDAY, APRIL 22, 2023/VAISAKHA 2, 1945 ubZ fnYyh] 5 vçSy] 2023 .—Þforj.k vuqKfIr/kkfj;ks a }kjk ÅtkZ dh mikfIRk ds fy, cksyh çfØ;k }kjk VSfjQ dk vo/kkj.k djus gsrq ekxZfunZs'kß ls lacaf/kr fo|qr ea=ky; dh le;≤ ij ;Fkkla'kksf/kr fnukad 19-01-2005 dh vf/klwpuk ds [kaM 5-6 ¼vi½ ds vuqlj.k eas] vkSj fnukad 03-11-2020 ds la'kks/ku ds lkFk ifBr fnukad 22-07-2020 dh ^^dks;yk vk/kkfjr FkeZy fo|qr ifj;kstukvks a ls fo|qr ds lkFk iwjd fxzM ls tqM+h uohdj.kh; ÅtkZ fo|qr ifj;kstukvks a ls pkSchl ?kaVs fo|qr dh mikfIr ds fy, VfSjQ vk/kkfjr çfrLi/kkZRed cksyh çfØ;k gsrq ekxZfunZs'k^^ ls lacafèkr fo|qr e=a ky; d s ladYi ds iSjk 5-4 vkSj iSjk 5-5 ds vuqlj.k eas] dsUæh; fo|qr fofu;ed vk;ksx ¼dsfofovk½ lank; ds ç;kstu gsrq fuEufyf[kr o`f) njks a dks vf/klwfpr djrk gSA % 1 ?kjsyw dk;s ys ds fy, o`f) nj 0.00 2 ?kjsyw xSl ds fy, o`f) nj 145.78 2637 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 3 vk;kfrr dks;ys ij vk/kkfjr la;=a ksa ds fy, ÅtkZ çHkkj ds fofHkUu o`f)&;ksX; mi&la?kVdks a ds fy, o`f) njas 3-1 vk;kfrr dks;ys ds fy, o`f) nj (-)34.19 3-2 vk;kfrr dks;ys ds ifjogu ds fy, o`f) nj (-)55.17% 3-3 vk;kfrr dks;ys ds varnsZ'kh; mBkbZ&èkjkbZ ds fy, o`f) nj 4.56 4 dk;s ys ds fy, varnsZ'kh; ifjogu çHkkjks a ds fy, o`f) njas 4-1 100 fdykes hVj dh nwjh rd 0.00% 4-2 125 fdykes hVj dh nwjh rd 0.00% 4-3 500 fdykes hVj dh nwjh rd 0.00% 4-4 1000 fdykes hVj dh nwjh rd 0.00% 4-5 2000 fdykes hVj dh nwjh rd 0.00% 4-6 2000 fdykes hVj dh nwjh ls vkxs 0.00% 5 xSl ds fy, varnsZ'kh; ifjogu çHkkjks a ds fy, o`f) nj 0.00% 6 vk;kfrr xSl ij vk/kkfjr la;a=kas ds fy, ÅtkZ çHkkj ds fofHkUu o`f)&;ksX; mi&la?kVdks a ds fy, o`f) nja s 6-1 vk;kfrr xSl ds fy, o`f) nj (-)43.11% 6-2 vk;kfrr xSl ds ifjogu ds fy, o`f) nj (-)55.17% 6-3 vk;kfrr xSl ds varnsZ'kh; mBkbZ&èkjkbZ ds fy, o`f) nj 4.56% 7 lwpdkad {kerk çHkkj la?kVd ds fy, ykxw dh tkus okyh eqæk LQhfr nj 4.56% 8 dSfIVo bZa/ku lzkrs dh n'kk eaass lpw dkad {kerk çHkkj la?kVd ds fy, ykxw dh 12.94% tkus okyh eqæk LQhfr nj gjizhr Çlg izqFkh] lfpo [जवज्ञापन-III/4/असा./38/2023-24] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 5th April, 2023 No. Eco-1/2023-CERC.—In pursuance of Clause 5.6 (vi) of Ministry of Power’s 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, and in pursuance of paragraph 5.4 and paragraph 5.5 of the Ministry of Power’s Resolution on “Guidelines for Tariff Based Competitive Bidding Process for Procurement of Round- The- Clock Power from Grid Connected Renewable Energy Power Projects, complemented with Power from Coal Based Thermal Power Projects” dated 22.07.2020 read with amendment dated 03.11.2020, the Central Electricity Regulatory Commission notifies the following escalation rates for the purpose of payment. Annual Escalation Rates applicable for the period from 1.4.2023 to 30.9.2023 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 Annual Escalation Rates No. for Payment (%) 1 Escalation rate for domestic coal 0.00 2 Escalation rate for domestic gas 145.78 3 Escalation rates for different escalable sub-components of energy charge for plants based on imported coal[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 3.1 Escalation rate for imported coal (-)34.19 3.2 Escalation rate for transportation of imported coal (-)55.17 3.3 Escalation rate for inland handling of imported coal 4.56 4 Escalation rates for inland transportation charges for coal 4.1 Up to 100 Km distance 0.00 4.2 Up to 125 Km distance 0.00 4.3 Up to 500 Km distance 0.00 4.4 Up to 1000 Km distance 0.00 4.5 Up to 2000 Km distance 0.00 4.6 Beyond 2000 Km distance 0.00 5 Escalation rate for inland transportation charges for gas 0.00 6 Escalation rates for different escalable sub-components of energy charge for plants based on imported gas 6.1 Escalation rate for imported gas (-)43.11 6.2 Escalation rate for transportation of imported gas (-)55.17 6.3 Escalation rate for inland handling of imported gas 4.56 7 Inflation rate to be applied to indexed capacity charge 4.56 component 8 Inflation rate to be applied to indexed energy charge 12.94 component in cases of captive fuel source HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./38/2023-24] 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.

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