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Date: 17-Nov-2023 Category: Extra Ordinary State: Union Government Country: India

In pursuance of paragraph 14 of the MOP Resolution dated 10th August 2021

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The Central Electricity Regulatory Commission (CERC) has notified the annual escalation rates and discount rates for bid evaluation of transmission projects based on old Standard Bidding Documents (SBDs) and guidelines.
  • These rates are applicable for the period from October 1, 2023, to March 31, 2024.

Key Changes

  • The annual escalation rate for escalable transmission charges 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: Project developers need to incorporate these updated rates into their financial models and bidding strategies for projects falling within the specified period (October 1, 2023 to March 31, 2024).

Central Electricity Regulatory Commission (CERC)

  • Action Items: CERC needs to ensure consistent application of these rates during bid evaluations and monitor their impact on project costs and investment.

Power Procurers/Utilities

  • Action Items: Utilities should analyze the impact of these rates on their power purchase costs and factor them into their long-term planning.

Investors

  • Action Items: Investors should re-evaluate their investment decisions based on these updated rates.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for regulating the power sector in India, including tariff determination and promoting competition. Ministry of Power (MOP): The ministry responsible for the development of the power sector in India. The notification refers to the MOP Resolution dated 10th August 2021 on “Tariff Based Competitive-bidding Guidelines for Transmission Service”. Standard Bidding Documents (SBDs): Standardized documents used for the competitive bidding process of transmission projects.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18112023-250119 xxxGIDHxxx CG-DL-E-18112023-250119 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 760] नई दिल्ली, िुक्रिार, निम्ब र 17, 2023/कार्ततक 26, 1945 No. 760] NEW DELHI, FRIDAY, NOVEMBER 17, 2023/KARTIKA 26, 1945 ubZ fnYyh] 5 vDrcw j] 2023 .—dsfofovk] Þikj"sk.k lsok ds fy, VSfjQ vk/kkfjr izfrLi/kkZRed&cksyh fn'kkfunsZ'kÞ ds laca/k eas fo|qr e=a ky; ds fnukad 10 vxLr] 2021 ds ladYi ds iSjkxzkQ 14 ds vuqlj.k eas] ,rn~ }kjk fnukad 1-10-2023 l s 31-03-2024 dh vof/k ds fy, iqjkus ekud cksyh nLrkostksa ¼,lchMh½ vkSj fn'kkfunsZ'kks a ds vk/kkj ij ifj;kstukvksa ds fy, cksyh eYw ;kadu ds iz;kstu gsrq fuEufyf[kr njks a dk s fuEukuqlkj vf/klwfpr djrk gS% 1- o`f) ;ksX; ikj"sk.k izHkkjksa d sfy, okÆ"kd o`f) nj 4-78% 2- Lrjh—r ikjs"k.k izHkkjksa dh lax.kuk ds fy, NwV nj 7-70% gjizhr flag çqFkh] lfpo [जिज्ञापन-III/4/असा./542/2023-24] 7189 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 5th October, 2023 No. Eco T2(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 01.10.2023 to 31.03.2024 as under. Annual Escalation Rates for Bid Evaluation: S. No. Description Annual Escalation Rates for Bid Evaluation 1 Annual escalation rate for escalable transmission charges 4.78% 2 Discount rate for computation of levelized transmission charges 7.70% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./542/2023-24] 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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