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Core Purpose

Notification by the Central Electricity Regulatory Commission specifying the Annual Escalation Rate and the discount rate applicable under the Standard Transmission Service Agreement for the period 1st April, 2024 to 30th September, 2024.

Detailed Summary

The Central Electricity Regulatory Commission (CERC), by notification No. Eco T1/2024-CERC dated 2nd April, 2024, pursuant to the "Tariff based Competitive-bidding Guidelines for Transmission Service" (as amended up to 10th October, 2008) issued by the Ministry of Power, and Schedule-7 of the Standard Transmission Service Agreement documents, notifies the rate for payment for the period from 01.04.2024 to 30.09.2024: an Annual Escalation Rate of 4.96% applicable as the annual inflation rate for escalable transmission charges. Further, in accordance with Schedule-9 of the Standard Transmission Service Agreement under the "Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBGB) process" dated 6th August, 2021, issued by the Ministry of Power, CERC notifies a discount rate of 9.25% for the same period, applicable for determining relief under Force Majeure Event and Change in Law during the Construction Period. The notification is signed by Harpreet Singh Pruthi, Secretary, and bears reference ADVT.-III/4/Exty./130/2024-25.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18052024-254247 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 363] NEW DELHI, FRIDAY, MAY 17, 2024/VAISAKHA 27, 1946 CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 2nd April, 2024 No. Eco T1/2024-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 and Schedule-7 of the Standard Transmission Service Agreement documents, the Central Electricity Regulatory Commission (CERC) hereby notifies the following rate for the purpose of payment for the period from 01.04.2024 to 30.09.2024. Annual Escalation Rate applicable for the purpose of payment as per the Transmission Service Agreement: +--------+-------------------------------------------------------------+-----------------------------+ | Sl. No. | Description | Annual Escalation Rate for | | | | Payment | +========+=============================================================+=============================+ | 1. | Annual inflation rate for escalable transmission charges for | 4.96% | | | the purpose of payment | | +--------+-------------------------------------------------------------+-----------------------------+ 2. In accordance with Schedule-9 of the Standard Transmission Service Agreement under the "Revised Guidelines and Standard Bidding Documents (SBDs) for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding (TBGB) process" dated 6th August 2021 issued by the Ministry of Power, the CERC hereby notifies the following discount rate for the period from 01.04.2024 to 30.09.2024. Discount rate for determining the Relief under Force Majeure Event & Change in Law during Construction Period as per the Transmission Service Agreement: +--------+-------------------------------------------------------------------------------------------------+--------+ | Sl. No. | Description | Rate | +========+=================================================================================================+========+ | 1. | Discount rate for determining the Relief under Force Majeure Event & Change in Law during | 9.25% | | | Construction Period | | +--------+-------------------------------------------------------------------------------------------------+--------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./130/2024-25] 5Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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