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Core Purpose

Notification by the Central Electricity Regulatory Commission specifying the annual escalation rate and discount rate applicable to inter-state transmission service payments for October 2024 to March 2025.

Detailed Summary

By notification No. Eco T2/2024-CERC dated 8th November 2024, the Central Electricity Regulatory Commission (CERC) notified, 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, an annual escalation rate of 0.67% applicable for payment of escalable transmission charges for the period 1st October 2024 to 31st March 2025. In accordance with Schedule-9 of the Standard Transmission Service Agreement under the Revised Guidelines and Standard Bidding Documents for procurement of Inter-State Transmission Services (ISTS) through Tariff Based Competitive Bidding dated 6th August 2021 (also issued by the Ministry of Power), CERC further notified a discount rate of 8.09% for determining relief under Force Majeure Events and Change in Law during the Construction Period, for the same six-month period. Issued under ADVT.-III/4/Exty./717/2024-25 and signed by Harpreet Singh Pruthi, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-28112024-259000 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 947] NEW DELHI, WEDNESDAY, NOVEMBER 27, 2024/AGRAHAYANA 6, 1946 7677 GI/2024 (1) CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 8th November, 2024 No. Eco T2/2024-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 01.10.2024 to 31.03.2025. 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 the | 0.67% | | | 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 (TBCB) process" dated 6th August 2021 issued by the Ministry of Power, the CERC hereby notifies the following discount rate for the period from 01.10.2024 to 31.03.2025. Discount rate for determining the Relief under Force Majeure Event & Change in Law during the 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 | 8.09% | | | the Construction Period | | +-------+-------------------------------------------------------------------------------------------+--------+ HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./717/2024-25] Uploaded 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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