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Date: 17-May-2024 Category: Extra Ordinary State: Union Government Country: India

In pursuance of paragraph 14 of the MOP Resolution dated 10th August 2021 on Tariff Based Competitive bidding Guidelines for Transmission Service

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 issued a notification regarding 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, 2024, to September 30, 2024.

Key Changes

  • The annual escalation rate for escalable transmission charges is set at 4.32%.
  • The discount rate for computation of levelized transmission charges is set at 9.25%.

Impact Analysis

Transmission Project Developers

  • Action Items: Project developers should update their financial models with the new escalation and discount rates to accurately assess project viability and competitiveness during the bidding process. They should also re-evaluate existing bids if the bid submission deadline falls within this period.

Central Electricity Regulatory Commission (CERC)

  • Action Items: CERC will use these notified rates for evaluating bids received for transmission projects tendered under the old SBDs during the specified period. CERC should monitor the effectiveness of these rates in promoting healthy competition and attracting investments in the transmission sector.

Power Purchasers/Consumers

  • Action Items: Electricity distribution companies (DISCOMs) and other power purchasers should understand the implications of these rates on future transmission tariffs and incorporate them into their long-term power procurement planning.

Investors

  • Action Items: Investors should analyze the impact of these rates on the profitability and cash flows of transmission projects before making investment decisions.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for regulating the electricity 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, including policy formulation and guidelines for tariff-based competitive bidding. Standard Bidding Documents (SBDs): A standardized set of documents used for inviting bids for transmission projects, ensuring uniformity and transparency in the bidding process.
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.-18052024-254241 xxxGIDHxxx CG-DL-E-18052024-254241 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 361] नई दिल्ली, िुक्रिार, मई 17, 2024/ििै ाख 27, 1946 No. 361] NEW DELHI, FRIDAY, MAY 17, 2024/VAISAKHA 27, 1946 ubZ fnYyh] 2 vçSy] 2024 dsfofovk] Þikjs"k.k lsok ds fy, VSfjQ vk/kkfjr izfrLi/kkZRed&cksyh fn'kkfunsZ'kÞ ds laca/k e sa fo|qr e=a ky; ds fnukad 10 vxLr] 2021 ds ladYi ds iSjkxzkQ 14 ds vuqlj.k es]a ,rn~ }kjk fnukad 01-04-2024 ls 30-09-2024 dh vof/k ds fy, iqjkus ekud cksyh nLrkots ks a ¼,lchMh½ vkSj fn'kkfunsZ'kks a ds vk/kkj ij ifj;kstukvksa ds fy, cksyh ewY;kadu ds iz;kstu gsrq fuEufyf[kr njksa dks fuEukuqlkj vf/klwfpr djrk gS% 1- o`f) ;ksX; ikj"sk.k izHkkjksa ds fy, okÆ"kd o`f) nj 4-32% 2- Lrjh—r ikjs"k.k izHkkjksa dh lax.kuk ds fy, NwV nj 9-25% gjizhr Çlg izqFkh] lfpo [जिज्ञापन-III/4/असा./131/2024-25] 3086 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 2nd April, 2024 No. Eco T1(Old SBD)/2024-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 01.04.2024 to 30.09.2024 as under. Annual Escalation Rates for Bid Evaluation: Sl. No. Description Annual Escalation Rates for Bid Evaluation 1 Annual escalation rate for escalable transmission charges 4.32% 2 Discount rate for computation of levelized transmission charges 9.25% HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./131/2024-25] 5Uploaded 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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