CERC issues PSDF Regulations, 2019

The CERC has the issued the Power System Development Fund (PSDF) Regulations, 2019. The new PSDF regulations replace the existing ones notified by the commission in 2014 and amended in 2015. In the latest regulations, the CERC has revised the operating procedures, constitution of the various committees, implementation and monitoring of the projects being funded through the PSDF, etc., in view of the guidelines issued by the MoP and based on the experience so far. Accordingly, congestion charges, deviation settlement charges, reactive energy charges, and additional transmission charges will be pooled into the PSDF. Regarding the utilisation of the PSDF, the funding for projects from the PSDF to the entities should be in the form of grant and the grant amount would be deducted from the capital cost of the project.

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