The Central Electricity Regulatory Commission (CERC) has notified the CERC (Sharing of Inter-State Transmission Charges and Losses) (First Amendment) Regulations, 2023.
As per the amendment, late payment surcharge (LPS) shall be payable by the concerned designated inter state transmission system customers (DICs) as per the LPS rules in case the payment of any bill for charges payable under these regulations is delayed by a DIC, beyond the due date. Further, the amendment states that notwithstanding any provision to the contrary in the power purchase agreement (PPA) entered into between the drawee DIC and the generating station or the seller, the bills for sharing of transmission charges shall be raised on the drawee DICs in terms of these regulations and the settlement of the transmission charges inter se between the drawee DICs and the generating station or the seller, wherever necessary, will be made in terms of the PPA or as per the mutual agreement between the concerned parties.