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Date: 27-Nov-2024 Category: Extra Ordinary State: Union Government Country: India

In pursuance of the Tariff based Competitive bidding Guidelines for Transmission Service, amended up to 10th October 2008, issued by the Ministry of Power and Schedule

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification issued by the Central Electricity Regulatory Commission (CERC) announces the annual escalation rate for transmission charges and a discount rate for relief during construction, both applicable for the period from October 1, 2024, to March 31, 2025.
  • The notification is in pursuance of the Ministry of Power's guidelines on tariff-based competitive bidding for transmission services.

Key Changes

  • The annual inflation rate for escalable transmission charges for payment purposes is set at 0.67%.
  • The discount rate for determining relief under Force Majeure events and changes in law during the construction period is set at 8.09%.

Impact Analysis

Transmission Service Providers

  • Action Item: Transmission companies need to adjust their financial models and projections to incorporate the 0.67% annual escalation rate and the 8.09% discount rate for relief calculations.

Electricity Consumers

  • Action Item: Consumers may see a slight increase in electricity bills due to the increase in transmission charges, but the direct impact may be minimal.

Project Developers

  • Action Item: Project developers should review their project timelines and cost estimates to account for the discount rate and its impact on potential relief under Force Majeure or changes in law.

Government and Regulatory Bodies

  • Action Item: CERC should ensure that all relevant stakeholders are aware of the updated rates and that they are correctly applied in contracts and financial settlements.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for setting tariffs and other regulations in the power sector in India. Ministry of Power: The government ministry responsible for policy and guidelines related to the power sector. Tariff-based Competitive-bidding Guidelines for Transmission Service: Guidelines issued by the Ministry of Power for competitive bidding in transmission projects, amended up to October 10, 2008. Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBCB) process: Guidelines issued by the Ministry of Power on August 6, 2021, for procurement of Inter-State Transmission Services. Standard Transmission Service Agreement: The standard contract document used for transmission service agreements, including Schedule-7 and Schedule-9, which are referenced in this notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-28112024-259000 xxxGIDExxx CG-DL-E-28112024-259000 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 947] नई दिल्ली, बुधवार, नवम्ब र 27, 2024/अग्रहायण 6, 1946 No. 947] NEW DELHI, WEDNESDAY, NOVEMBER 27, 2024/AGRAHAYANA 6, 1946 dsUæh; fo|qr fofu;ked vk;ksx vf/klwpuk ubZ fnYyh] 8 uoEcj] 2024 la- bZdks& Vh2@2024 dsfofovk.—fo|qr e=a ky; }kjk tkjh fnukad 10 väwcj] 2008 rd la'kksf/kr ^^ikjs"k.k lsok ds fy, VSfjQ vk/kkfjr çfrLi/kkZRed&cksyh ekxZfunZs'k^^ vkSj ekud ikj"sk.k lsok djkj nLrkostks a dh vuqlwph&7 ds vuqlj.k es a dsUæh; fo|qr fofu;ked vk;ksx ¼dsfofovk½] fnukad 01-10-2024 ls 31-03-2025 dh vof/k ds fy, lank; ds ç;kstu gsrq fuEufyf[kr nj dks vf/klwfpr djrk gSA ikjs"k.k lsok djkj ds vuqlkj lank; ds ç;kstu gsrq ykxw okf"kZd o`f) nj% lank; gsrq Ø-la- fooj.k okf"kZd o`f) nj 1- lank; ds ç;kstu gsrq o`f)&;ksX; ikj"sk.k çHkkjks a ds fy, okf"kZd eqæk LQhfr nj 0.67% 2- fo|qr e=a ky; }kjk tkjh fnukad 6 vxLr] 2021 ds ^^VSfjQ vk/kkfjr çfrLi/kkZRed cksyh ¼Vhchlhch½ çfØ;k ds ek/;e ls varj&jkfT;d ikjs"k.k lsok ¼vkbZ,lVh,l½ dh mikfIr ds fy, iqujhf{kr fn'kkfuns'Z k vkSj ekud cksyh nLrkost ¼,lchMh½^^ ds v/khu ekud ikj"sk.k lsok djkj dh vulq wph&9 ds vuqlkj dsfofovk] fnukad 01-10-2024 ls 31-03-2025 dh vof/k ds fy, ,rn~}kjk fuEufyf[kr NwV nj dks vf/klwfpr djrk gSA 7677 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] ikjs"k.k lsok djkj ds vuqlkj fuekZ.k vof/k ds nkSjku vçR;kf'kr ?kVuk ,oa fof/k esa ifjorZu ds v/khu jkgr dks fu/kkZfjr djus ds fy, NwV nj% Ø-la- fooj.k nj 1 fuekZ.k vof/k ds nkSjku vçR;kf'kr ?kVuk ,oa fof/k eas ifjorZu ds v/khu jkgr dks fu/kkZfjr dju s 8.09% ds fy, NwV nj gjizhr flag çqFkh] lfpo [जवज्ञापन-III/4/असा./717/2024-25] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 8th November, 2024 No. Eco T2/2024-CERC.—In pursuance of the "Tariff-based Competitive-bidding Guidelines for Transmission Service", amended up to 10th October 2008, issued by the Ministry of Power and Schedule-7 of the Standard Transmission Service Agreement documents, the Central Electricity Regulatory Commission (CERC) hereby notifies the following rate for the purpose of payment for the period from 01.10.2024 to 31.03.2025. Annual Escalation Rate applicable for the purpose of payment as per the Transmission Service Agreement: Sl. No. Description Annual Escalation Rate for Payment 1. Annual inflation rate for escalable transmission charges for the 0.67% purpose of payment 2. In accordance with Schedule-9 of the Standard Transmission Service Agreement under the "Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of lnter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBCB) process" dated 6th August 2021 issued by the Ministry of Power, the CERC hereby notifies the following discount rate for the period from 01.10.2024 to 31.03.2025. Discount rate for determining the Relief under Force Majeure Event & Change in Law during the Construction Period as per the Transmission Service Agreement: Sl. No. Description Rate 1. Discount rate for determining the Relief under Force Majeure 8.09% Event & Change in Law during the Construction Period HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./717/2024-25] 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.

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