**Policy Summary: Central Electricity Regulatory Commission (CERC) Notification**
This notification, issued by the Central Electricity Regulatory Commission (CERC) on October 7, 2019, concerns tariff-based competitive bidding guidelines for transmission services. It establishes the rates for bid evaluation and payment for the period of October 1, 2019, to March 31, 2020, in accordance with guidelines issued by the Ministry of Power and standard bidding/agreement documents.
Key provisions include:
* **Annual Escalation Rates for Bid Evaluation:**
* Annual escalation rate for escalable transmission charges: 7.66%
* Discount rate for computation of levelized transmission charges: 10.36%
* **Annual Escalation Rate for Payment (per Transmission Service Agreement):**
* Annual inflation rate for escalable transmission charges: 4.65%
The notification references the "Tariff based Competitive bidding Guidelines for Transmission Service," amended up to October 10, 2008, Clause 3.3.1.3 a of the Standard Request for Proposal, and Schedule 7 of the Standard Transmission Service Agreement documents.
The notification is issued under the authority of the CERC and signed by Sanoj Kumar Jha, Secretary.
Key Entities Referenced
Ministry of Power: The Indian government ministry that issued the 'Tariff based Competitivebidding Guidelines for Transmission Service'.
Tariff based Competitivebidding Guidelines for Transmission Service: Guidelines issued by the Ministry of Power, Government of India, related to tariff-based competitive bidding for transmission services, amended up to 10th October 2008.
Central Electricity Regulatory Commission: The central regulatory body that notifies the rates for bid evaluation and payment for the specified period.
New Delhi: The location where the notification was issued and the location of Government of India Press.
Standard Request for Proposal: A standard document related to transmission service procurement, specifically Clause 3.3.1.3 a is mentioned.
Standard Transmission Service Agreement: A standard agreement document related to transmission service, specifically Schedule 7 is mentioned.
Sanoj Kumar Jha: Secretary who signed the notification.
October 7, 2019: Date of the notification issued by the Central Electricity Regulatory Commission.
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5504 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 7th October, 2019
No. Eco T2/2019-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, Clause 3.3.1.3 (a) of the Standard Request
for Proposal, and Schedule 7 of the Standard Transmission Service Agreement documents, the Central Electricity
Regulatory Commission hereby notifies the following rates for the purpose of bid evaluation and payment for the period
from 01.10.2019 to 31.03.2020.
I: Annual Escalation Rates for Bid Evaluation:
S.No. Description Annual Escalation Rates for Bid
Evaluation
1 Annual escalation rate for escalable transmission charges 7.66%
2 Discount rate for computation of levelized transmission charges 10.36%
II: 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 4.65%
SANOJ KUMAR JHA, Secy.
[ADVT.-III/4/Exty./251/19]
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.