The Central Electricity Regulatory Commission (CERC) has notified the draft Terms and Conditions of Tariff Regulations, 2019 for the control period from April 1, 2019 to March 31, 2024. The CERC has proposed several changes in the draft regulations in line with the current trends in the power sector. The fixed cost for generators has been proposed to be recovered on a quarterly basis instead of an annual basis. A provision has been made for generators to recover the cost of coal if its gross calorific value at the receiving end does not match with the billed/despatched one. The norms for working capital have also been tightened with days receivables reduced to 45 days from 60 days earlier. The CERC has also proposed the continuation of the 15.5 per cent regulated return on equity for generation and transmission companies, despite a reduction in the benchmark interest rates. The commission will conduct public hearing on the draft regulations on January 30-31, 2019.