Delhi Electricity Regulatory Commission Gazette Notification — 21-Apr-2023

Executive Summary & Key Takeaways

What it means

The gazette notification issued by the Central Electricity Regulatory Commission (CERC) announces the annual escalation and discount rates to be used for bid evaluation of transmission projects based on old Standard Bidding Documents (SBDs) and Guidelines.
These rates are applicable for the period from April 1, 2023, to September 30, 2023.

Key Changes

The annual escalation rate for escalable transmission charges for bid evaluation is set at 4.78%.
The discount rate for computation of levelized transmission charges is set at 7.70%.

Impact Analysis

Transmission Project Developers

Action Items: Review project bids and financial models to ensure they align with the notified escalation and discount rates for the specified period (April 1, 2023 to September 30, 2023).

Central Electricity Regulatory Commission (CERC)

Action Items: Ensure bid evaluation processes adhere to the notified rates for projects using old SBDs during the specified period.

Investors and Financiers

Action Items: Reassess financial models for transmission projects considering the updated escalation and discount rates to determine project feasibility and returns.

Power Procurers and Utilities

Action Items: Analyze the impact of these rates on transmission costs and adjust power procurement strategies accordingly.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for notifying the escalation and discount rates for bid evaluation of transmission projects. Ministry of Power (MOP): The ministry whose resolution dated 10th August 2021 on Tariff Based Competitive-bidding Guidelines for Transmission Service is the basis for this notification. Standard Bidding Documents (SBDs): The old bidding documents and guidelines upon which the projects mentioned in the notification are based.

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-24042023-245357 xxxGIDHxxx CG-DL-E-24042023-245357 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 260] नई दिल्ली, िुक्रिार, अप्रलै 21, 2023/ििै ाख 1, 1945 No. 260] NEW DELHI, FRIDAY, APRIL 21, 2023/VAISAKHA 1, 1945 ubZ fnYyh] 6 vçSy] 2023 dsfofovk] Þikjs"k.k lsok ds fy, VSfjQ .— vk/kkfjr izfrLi/kkZRed&cksyh fn'kkfunsZ'kÞ ds laca/k eas fo|qr e=a ky; ds fnukda 10 vxLr] 2021 ds ladYi ds iSjkxzkQ 14 ds vuqlj.k eas] ,rn~}kjk fnukad 1-4-2023 ls 30-09-2023 dh vof/k ds fy, iqjkus ekud cksyh nLrkots ks a ¼,lchMh½ vkSj fn'kkfunsZ'kkas ds vk/kkj ij ifj;kstukvksa ds fy, ckys h eYw ;kda u ds iz;kts u gsrq fuEufyf[kr njkas dk s fuEukuqlkj vf/klwfpr djrk g%S 1- o`f) ;kXs ; ikjs"k.k izHkkjks a ds fy, okÆ"kd o`f) nj 4-78% 2- Lrjh—r ikjs"k.k izHkkjks a dh lax.kuk ds fy, NwV nj 7-70% gjizhr Çlg izqFkh] lfpo [जिज्ञापन-III/4/असा./41/2023-24] 2624 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 6th April, 2023 No. Eco T1(Old SBD)/2023-CERC.—In pursuance of paragraph 14 of the MOP Resolution dated 10th August 2021 on “Tariff Based Competitive-bidding Guidelines for Transmission Service”, the CERC hereby notifies the following rates for the purpose of bid evaluation for projects based on the old Standard Bidding Documents (SBDs) and Guidelines for the period from 1.4.2023 to 30.9.2023 as under. Annual Escalation Rates for Bid Evaluation: S. No. Description Annual Escalation Rates for Bid Evaluation 1 Annual escalation rate for escalable transmission 4.78% charges 2 Discount rate for computation of levelized 7.70% transmission charges HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./41/2023-24] 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.

In pursuance of paragraph 14 of the MOP Resolution dated 10th August