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Core Purpose

Notification by the Central Electricity Regulatory Commission notifying monthly escalation rates for payments for procurement of power by distribution licensees for November 2023.

Detailed Summary

By No. Eco-M11/2023-CERC dated 27th November 2023, the Central Electricity Regulatory Commission, in pursuance of Clause 5.6(vi) of the Ministry of Power's "Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees" dated 19.01.2005 (as amended), the Ministry of Power's communication to CERC dated 13.04.2022, and the Ministry of Power's Resolution dated 11.07.2022 amending the "Guidelines for long term Procurement of Electricity from Thermal Power Stations set up on Design, Build, Finance, Own and Operate (DBFOO) basis and sourcing fuel...including allocation of coal under B(I), B(III) and B(IV) of SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India) Policy" dated 6.03.2019, notifies the following monthly escalation rates applicable for November 2023 under Power Purchase Agreements: 9.47% for imported coal, 0.72% for transportation of imported coal, and 0.03% for inland handling of imported coal; the notification is signed by Harpreet Singh Pruthi, Secretary, under reference ADVT.-III/4/Exty./600/2023-24.

Full Text

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