CERC releases draft amendment to CERC (Payment of Fees) Regulations, 2022

The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Payment of Fees) (Third Amendment) Regulations, 2022.

The amendment states that a transmission licensee shall furnishthe audited statement of annual transmission charges for preceding financial year including the annual transmission charges determined by the CERC and the amount or charges received for transmission services of the preceding financial year along with the audited certificate of the licence fee payable during the corresponding financial year by June 30 of each year. While providing such details, the amount received as reimbursement of filing fees in form of licence fees and charges received for services other than transmission services shall not be included. The differential licence fee payable, if any, shall be deposited by July 15 of each year. The amendments have also added that an over the counter (OTC)platform registered under CERC (Power Market) Regulations, 2020 shall pay Rs 0.20 million towards annual registration charge by April 30 of each year.