## Policy Summary: Tariff-Based Competitive Bidding for Transmission Services
This notification from the Central Electricity Regulatory Commission (CERC), dated October 9, 2018, outlines the annual escalation rates for bid evaluation and payment related to tariff-based competitive bidding for transmission services. This is in pursuance of the "Tariff based Competitive Bidding Guidelines for Transmission Service" issued by the Ministry of Power, 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 specifies the rates applicable for the period from October 1, 2018, to March 31, 2019.
**I. Annual Escalation Rates for Bid Evaluation:**
* Annual escalation rate for escalable transmission charges: 7.70%
* Discount rate for computation of levelized transmission charges: 9.33%
**II. Annual Escalation Rate Applicable for Payment (as per the Transmission Service Agreement):**
* Annual inflation rate for escalable transmission charges: 2.07%
The notification was issued by Sanoj Kumar Jha, Secretary, CERC.
Key Entities Referenced
Central Electricity Regulatory Commission: The central regulatory body for the electricity sector in India, responsible for notifying rates for bid evaluation and payment related to transmission services.
Ministry of Power: The 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, which were amended up to 10th October, 2008, and are related to tariff determination for transmission services.
Standard Request for Proposal: A standard document, specifically Clause 3.3.1.3 a, referenced in relation to the notification by the Central Electricity Regulatory Commission.
Standard Transmission Service Agreement: A standard agreement, Schedule 7, referenced in relation to the notification by the Central Electricity Regulatory Commission.
New Delhi: The city where the Central Electricity Regulatory Commission notification was issued.
01.10.2018 to 31.03.2019: The period for which the rates for bid evaluation and payment are being notified by the Central Electricity Regulatory Commission.
Sanoj Kumar Jha: Secretary of Central Electricity Regulatory Commission who is responsible for the notification.
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6512 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
CENTRAL ELECTRICITY REGULATORY COMMISSION
NOTIFICATION
New Delhi, the 9th October, 2018
No. Eco-T2/2018-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 01.10.2018 to 31.03.2019.
I: Annual Escalation Rates for Bid Evaluation:
S.No. Description Annual Escalation Rates for
Bid Evaluation
1 Annual escalation rate for escalable transmission charges 7.70%
2 Discount rate for computation of levelized transmission 9.33%
charges
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 2.07%
SANOJ KUMAR JHA, Secy.
[ADVT.-III/4/Exty./329/18]
.
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and Published by the Controller of Publications, Delhi-110054.