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Central Electricity Regulatory Commission notifies monthly escalation rates for December 2024 for power procurement by distribution licensees.

Detailed Summary

The Central Electricity Regulatory Commission (CERC) notifies monthly escalation rates applicable for December 2024 for payments related to power procurement by distribution licensees. This notification is issued in accordance with the Ministry of Power's guidelines on tariff determination for power procurement, referencing notifications dated 19.01.2005, 13.04.2022, and 11.07.2022, and the SHAKTI policy. The escalation rates are specified for power purchase agreements under these guidelines and are as follows: 0.48% for imported coal, -4.03% for transportation of imported coal, and 0.31% for inland handling of imported coal.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-21022025-261192 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 136] NEW DELHI, THURSDAY, FEBRUARY 20, 2025/PHALGUNA 1, 1946 CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 31st December, 2024 F. No. Eco-M12/2024-CERC.—In pursuance of Clause 5.6 (vi) of the Ministry of Power (MOP) Notification on “Guidelines for Determination of Tariff by Bidding Process for Procurement of Power by Distribution Licensees” dated 19.01.2005 as amended from time to time, MOP communication to the Central Electricity Regulatory Commission (CERC) dated 13.04.2022, and MOP Resolution dated 11.07.2022 on an amendment to 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 as provided under Model Bidding Documents 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, the CERC notifies the following escalation rates for the purpose of payment. Monthly Escalation Rates applicable for December 2024 for the purpose of payment for Procurement of Power by Distribution Licensees as per the Power Purchase Agreement entered into under the Guidelines mentioned above: +-----+-------------------------------------------+-----------------------------+ | Sl. | Description | Monthly Escalation | | No. | | Rates for Payment | +=====+===========================================+=============================+ | 1 | Escalation rate for imported coal | 0.48% | +-----+-------------------------------------------+-----------------------------+ | 2 | Escalation rate for transportation of imported coal | (-)4.03% | +-----+-------------------------------------------+-----------------------------+ | 3 | Escalation rate for inland handling of imported coal | 0.31% | +-----+-------------------------------------------+-----------------------------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./993/2024-25]

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