Home India Central Electricity Regulatory Commission In pursuance of the Tariff based Competitive bidding Guideli...
Date: 2016-04-29 Category: Extra Ordinary State: Union Government Country: India

In pursuance of the Tariff based Competitive bidding Guidelines for Transmission Service as amended up to 10th October, 2008 issued by Ministry of Power, Government of India, Clause

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document, issued by the Central Electricity Regulatory Commission on March 31, 2016, notifies specific rates for bid evaluation and payment related to transmission services. These rates are applicable for the period of April 1, 2016, to September 30, 2016. The notification is in pursuance of the "Tariff based Competitive bidding Guidelines for Transmission Service" as amended up to October 10, 2008, Clause 3.3.1.3 a of the Standard Request for Proposal RFP, and Schedule 7 of the Standard Transmission Service Agreement TSA documents. Key Points / Main Content: I. Annual Escalation Rates for Bid Evaluation: * Annual escalation rate for escalable transmission charges: 7.26 * Discount rate for computation of levelized transmission charges: 9.78 II. Annual Escalation Rate applicable for the purpose of payment as per the Transmission Service Agreement: * Annual inflation rate for escalable transmission charges: 5.36 Impact Analysis: Ministry of Power, Government of India: * Impact: The Ministry's guidelines for tariff-based competitive bidding for transmission services are being implemented through this notification of specific rates. * Action Required: Ensure compliance with the notified rates during bid evaluation and payment processes for transmission services. Bidders/Transmission Service Providers: * Impact: The notified rates directly affect the financial aspects of their bids and payments for transmission services during the specified period. * Action Required: Incorporate the specified escalation and discount rates into their bid submissions and payment calculations for the period from April 1, 2016, to September 30, 2016. Central Electricity Regulatory Commission: * Impact: Responsible for enforcing the notified rates during the bid evaluation and payment processes. * Action Required: Monitor and ensure compliance with the notified rates.

Key Entities Referenced

Central Electricity Regulatory Commission: The regulatory body issuing the notification regarding tariff rates. 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, Government of India related to transmission service tariffs. Standard Request for Proposal RFP: A standard document referred to in the notification, specifically Clause 3.3.1.3 a. Standard Transmission Service Agreement TSA: A standard agreement, specifically Schedule 7 is referenced. New Delhi: Location where the notification was issued. 01.04.2016 to 30.09.2016: The period for which the notified rates are applicable for bid evaluation and payment. Mayapuri, New Delhi: Location of the Government of India Press.
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