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Date: 21-Apr-2023 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

  • The Central Electricity Regulatory Commission (CERC) has issued a notification regarding the annual escalation rate for transmission charges and the discount rate for relief under Force Majeure Event & Change in Law during the construction period for the period from April 1, 2023, to September 30, 2023.
  • This notification is in pursuance of the Tariff based Competitive-bidding Guidelines for Transmission Service issued by the Ministry of Power and Schedule-7 & 9 of the Standard Transmission Service Agreement documents.

Key Changes

  • The annual inflation rate for escalable transmission charges for the purpose of payment is set at 5.12% for the period from April 1, 2023, to September 30, 2023.
  • The discount rate for determining the Relief under Force Majeure Event & Change in Law during the Construction Period is set at 7.70% for the period from April 1, 2023, to September 30, 2023.
  • This discount rate is in accordance with Schedule-9 of the Standard Transmission Service Agreement under the “Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBGB) process” dated 6th August 2021 issued by the Ministry of Power.

Impact Analysis

Transmission Service Providers

  • Action Item: Transmission service providers should update their financial models and project cost calculations to reflect these updated rates for the specified period.

Power Generators and Distributors

  • Action Item: Power generators and distributors should factor in the increased transmission costs when negotiating power purchase agreements and setting consumer tariffs.

Consumers

  • Action Item: Consumers may need to adjust their energy consumption patterns to mitigate the impact of potential tariff increases.

Project Developers

  • Action Item: Project developers need to re-evaluate project risks and financial models considering the notified discount rate.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body that issued the notification and is responsible for regulating the power sector in India. Ministry of Power: The government ministry that issued the Tariff based Competitive-bidding Guidelines for Transmission Service and the Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBGB) process. Tariff based Competitive-bidding Guidelines for Transmission Service: Guidelines issued by the Ministry of Power, amended up to 10th October, 2008, that govern the tariff-based competitive bidding process for transmission services. Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBGB) process: Guidelines issued by the Ministry of Power on 6th August 2021, for the procurement of Inter-State Transmission Services through Tariff Based Competitive Bidding. Standard Transmission Service Agreement: The agreement between the transmission service provider and the procurer of transmission services, which includes schedules defining the terms and conditions of service.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-22042023-245343 xxxGIDHxxx CG-DL-E-22042023-245343 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 259] नई दिल्ली, िुक्रवार, अप्रलै 21, 2023/विै ाख 1, 1945 No. 259] NEW DELHI, FRIDAY, APRIL 21, 2023/VAISAKHA 1, 1945 ubZ fnYyh] 6 vçSy 2023 fo|qr e=a ky; }kjk tkjh fnukad 10 väwcj] 2008 rd la'kksf/kr ^^ikj"sk.k lsok ds fy, VSfjQ vk/kkfjr çfrLi/kkZRed&cksyh ekxZ funZs'k^^ vkSj ekud ikj"sk.k lsok djkj nLrkostksa dh vuqlwph&7 ds vuqlj.k e as dsUæh; fo|qr fofu;ked vk;ksx ¼dsfofovk½] fnukad 01-04-2023 ls 30-09-2023 dh vof/k ds fy, lank; ds ç;kstu gsrq fuEufyf[kr nj dk s vf/klwfpr djrk gSA 1- lank; ds ç;kstu gsrq o`f)&;ksX; ikj"sk.k çHkkjks a ds fy, okf"kZd eqæk LQhfr nj 5.12% 2- fo|qr e=a ky; }kjk tkjh fnukad 6 vxLr] 2021 ds ^^VSfjQ vk/kkfjr çfrLi/kkZRed cksyh ¼Vhchthch½ ds ek/;e ls varj&jkfT;d ikj"sk.k lsok ¼vkbZ,lVh,l½ dh mikfIr ds fy, iqujhf{kr fn'kk funsZ'k vkSj ekud cksyh nLrkost ¼,lchMh½^^ ds v/khu ekud ikjs"k.k lsok djkj dh vuqlwph&9 ds vuqlkj dsfofovk] fnukad 01-04-2023 ls 30-09-2023 dh vof/k ds fy, ,rn~}kjk NwV nj dks vf/klwfpr djrk gSA 2623 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 1 fuekZ.k vof/k ds nkSjku vifjgk;Z ?kVuk ,oa fof/k eas ifjorZu ds v/khu jkgr dk fu/kkZj.k dju s 7.70% ds fy, NwV nj% gjizhr flag çqFkh] lfpo [जवज्ञापन-III/4/असा./40/2023-24] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 6th April, 2023 No. EcoT1/2023-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 1.4.2023 to 30.9.2023. Annual Escalation Rate applicable for the purpose of payment as per the Transmission Service Agreement: S.No. Description Annual Escalation Rate for Payment 1. Annual inflation rate for escalable transmission charges for the 5.12% 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 (TBGB) process" dated 6th August 2021 issued by the Ministry of Power, the CERC hereby notifies the discount rate for the period from1.4.2023 to30.9.2023. Discount rate for determining the Relief under Force Majeure Event &Change in Law during Construction Period as per the Transmission Service Agreement: S.No. Description Rate 1. Discount rate for determining the Relief under Force 7.70% Majeure Event & Change in Law during Construction Period HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./40/2023-24] 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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