CERC issuesTerms and Conditions of Tariff (Second Amendment) Regulations, 2021.

The Central Electricity Regulatory Commission (CERC) has issued the Terms and Conditions of Tariff (Second Amendment) Regulations, 2021. These regulations will be applicable for the five-year tariff period from April 1, 2019 to March 31, 2024.

As per the amendment, where a generating company and its beneficiaries or a transmission licensee and its long-term customers have mutually agreed to charge lower tariff in terms of clauses (1) to (3) of this regulation, the said agreed tariff will not be revised upwards at the time of truing up based on the capital cost and additional capital expenditures. Further, where the trued-up tariff is lower than the agreed tariff, the generating company or the transmission licensee will charge such trued-up tariff only, and the difference between the agreed and trued-up tariff will be settled between the parties in accordance with clause (4) of regulation 13 of these regulations.

GET ACCESS TO OUR ARTICLES

Enter your email address