Home India Central Electricity Regulatory Commission In pursuance of the Tariff based Competitive bidding Guideli...
Date: 2019-10-23 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 Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

**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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