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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 gazette notification issued by the Central Electricity Regulatory Commission (CERC) announces the annual inflation rate for escalable transmission charges and the discount rate for determining relief under Force Majeure Event & Change in Law during the construction period, for the period from April 1, 2023, to September 30, 2023.

Key Changes

  • The annual inflation rate for escalable transmission charges for the purpose of payment is set at 5.12%.
  • The discount rate for determining the Relief under Force Majeure Event & Change in Law during the Construction Period is set at 7.70%.

Impact Analysis

Transmission Service Providers

  • Action Item: Transmission service providers should update their financial models and billing processes to reflect the revised rates.

Power Purchasers

  • Action Item: Power purchasers should re-evaluate their power purchase agreements (PPAs) and budgets to account for the revised transmission costs.

Project Developers

  • Action Item: Project developers should update their risk management plans and financial projections to reflect the revised discount rate.

Regulatory Compliance

  • Action Item: Legal and compliance teams should review the notification and ensure adherence to the updated regulations.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body that issued the notification and determines the rates for transmission services. Ministry of Power: The 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 amended up to 10th October, 2008, issued by the Ministry of Power. "Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBGB) process": Guidelines dated 6th August 2021 issued by the Ministry of Power.
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.-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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