before the maharashtra electricity regulatory … · truing-up of fy 2015-16 is under merc myt...

Before the

MAHARASHTRA ELECTRICITY REGULATORY COMMISSION

World Trade Centre, Centre No. 1, 13th Floor, Cuffe Parade, Mumbai - 400 005

Tel. No. : 022 22163964 / 65 / 69, Fax: 022 22163976

Email: [email protected]

Website: www.mercindia.org.in / www.merc.gov.in

Case No. 195 of 2017

In the matter of

Mid-Term Review Petition of Maharashtra State Electricity Distribution Company

Limited for Truing-up of Aggregate Revenue Requirement (ARR) of FY 2015-16 and

FY 2016-17, Provisional Truing-up of ARR of FY 2017-18 and Revised Projections of

ARR for FY 2018-19 and FY 2019-20

Coram

Shri. I. M. Bohari, Member

Shri. Mukesh Khullar, Member

ORDER

Date: 12 September, 2018

Maharashtra State Electricity Distribution Company Limited (MSEDCL or Petitioner),

“Prakashgad”, Anant Kanekar Marg, Bandra (East), Mumbai has filed its Mid-Term Review

Petition on 21 December, 2017 for Truing-up of FY 2015-16 and FY 2016-17, Provisional

Truing-up of FY 2017-18, and approval of Revised ARR for FY 2018-19 and FY 2019-20. The

Truing-up of FY 2015-16 is under MERC MYT Regulations, 2011, while Truing-up of FY

2016-17, Provisional Truing-up of FY 2017-18, and Revised ARR for FY 2018-19 and FY

2019-20 is being approved under MERC MYT Regulations, 2015.

The Commission in exercise of the power vested under Section 61 and 62 of the Electricity

Act, 2003 and all other powers enabling it in this behalf and after taking into consideration the

submission made by MSEDCL and in the public consultation process, and all other relevant

materials, has approved the Truing-up for FY 2015-16 and FY 2016-17, Provisional Truing-up

of FY 2017-18 and Revised ARR for FY 2018-19 and FY 2019-20 in this Order.

mailto:[email protected]://www.mercindia.org.in/http://www.merc.gov.in/

MERC Mid-Term Review Order for MSEDCL for FY 2016-17 to FY 2019-20

MERC Order – Case No. 195 of 2017 Page 2 of 638

TABLE OF CONTENTS

1. BACKGROUND AND SALIENT FEATURES OF ORDER ......................................... 23

1.1. Background ............................................................................................................... 23

1.2. Admission of the Petition, and Regulatory Process .................................................. 24

1.3. Organisation of Order................................................................................................ 27

2. SUGGESTIONS/OBJECTIONS, MSEDCL’S RESPONSE AND COMMISSION’S RULINGS ................................................................................................................................ 28

2.1. Scope of MTR Proceedings....................................................................................... 28

2.2. Agricultural Sales Estimation, Distribution Loss and Agricultural Metering ........... 32

2.3. Increase in Fixed Charge/Demand Charge ................................................................ 40

2.4. Wheeling Charges - SOP Standards & Non-Compliance ......................................... 45

2.5. Power Purchase ......................................................................................................... 52

2.6. Voltage Wise Cost of Supply (VCoS)....................................................................... 57

2.7. ARR Components ..................................................................................................... 60

2.8. KVAh based Billing .................................................................................................. 64

2.9. Load Factor Incentive and Power Factor Incentive .................................................. 70

2.10. Metering Faults, Meter Reading and Billing Issues .............................................. 74

2.11. Capital Expenditure and Capitalisation ................................................................. 78

2.12. Schedule of Charges .............................................................................................. 80

2.13. RLC Refund ........................................................................................................... 80

2.14. Applicability of Standby Charges for SEZs / Railways ........................................ 81

2.15. Penalty and DPC charges ...................................................................................... 83

2.16. Rebate and Bulk Discount ..................................................................................... 84

2.17. Adoption of Gross Metering .................................................................................. 86

2.18. Additional Surcharge ............................................................................................. 91

2.19. Power Supply and Distribution.............................................................................. 94

2.20. Increase in Tariff ................................................................................................... 95

2.21. Separate Tariff for EV Charging Consumers ...................................................... 108

2.22. Time of Day Tariff .............................................................................................. 110

2.23. Tariff Re categorisation ....................................................................................... 112

2.24. Cross Subsidy and Cross Subsidy Surcharge ...................................................... 114

2.25. Open Access ........................................................................................................ 117

2.26. Revision in definition of Billing Demand ........................................................... 122

2.27. Standard of performance and Efficiency in Administration ................................ 126



2.28. Power supply quality, reliability standards and number of interruptions ............ 130

2.29. Audit Reports and comments of auditor .............................................................. 132

3. TRUE-UP OF FY 2015-16 ............................................................................................. 135

3.1. Background ............................................................................................................. 135

3.2. Sales in FY 2015-16 ................................................................................................ 135

3.3. Energy Balance for FY 2015-16 ............................................................................. 147

3.4. Distribution Loss in FY 2015-16 ............................................................................ 153

3.5. Power Purchase Expenses for FY 2015-16 ............................................................. 154

3.6. Transmission Charges for FY 2015-16 ................................................................... 160

3.7. O&M Expenses for FY 2015-16 ............................................................................. 160

3.8. Reconciliation of Opening GFA ............................................................................. 164

3.9. Capital Expenditure and Capitalisation for FY 2015-16 ......................................... 170

3.10. Depreciation for FY 2015-16 .............................................................................. 176

3.11. Interest Expenses for FY 2015-16 ....................................................................... 178

3.12. Return on Equity for FY 2015-16 ........................................................................ 180

3.13. Interest on Working Capital for FY 2015-16 ...................................................... 184

3.14. Other Finance Charges for FY 2015-16 .............................................................. 188

3.15. Provision for Bad Debts for FY 2015-16 ............................................................ 189

3.16. Other Expenses for FY 2015-16 .......................................................................... 191

3.17. Contribution to Contingency Reserves for FY 2015-16 ...................................... 192

3.18. Incentives and Discounts for FY 2015-16 ........................................................... 193

3.19. RLC Refund for FY 2015-16 ............................................................................... 193

3.20. Additional Supply Charge Refund for FY 2015-16 ............................................ 194

3.21. Net Prior Period Expenses/ (Income) for FY 2015-16 ........................................ 195

3.22. Revenue for FY 2015-16 ..................................................................................... 196

3.23. Non-Tariff Income for FY 2015-16..................................................................... 197

3.24. Income from Wheeling Charges for FY 2015-16 ................................................ 198

3.25. Income from Open Access Charges .................................................................... 198

3.26. Income from Trading Surplus Power .................................................................. 199

3.27. Sharing of Efficiency Gains and Losses for FY 2015-16 .................................... 200

3.28. Segregation of Wires and Supply ARR ............................................................... 203

3.29. Aggregate Revenue Requirement for FY 2015-16 .............................................. 204

4. TRUE-UP OF FY 2016-17 ............................................................................................. 206

4.1. Background ............................................................................................................. 206

4.2. Sales in FY 2016-17 ................................................................................................ 207




4.4. Distribution Loss in FY 2016-17 ............................................................................ 215

4.5. Power Purchase Expenses for FY 2016-17 ............................................................. 216

4.6. Transmission Charges for FY 2016-17 ................................................................... 223



4.9. Depreciation for FY 2016-17 .................................................................................. 231

4.10. Interest Expenses for FY 2016-17 ....................................................................... 233



4.13. Other Finance Charges for FY 2016-17 .............................................................. 244





4.18. RLC Fund for FY 2016-17 .................................................................................. 249

4.19. Additional Supply Charge Refund for FY 2016-17 ............................................ 250

4.20. Past Period Adjustment for FY 2016-17 ............................................................. 250



4.23. Revenue for FY 2016-17 ..................................................................................... 252

4.24. Income from Trading Surplus Power .................................................................. 253

4.25. Income from Additional Surcharge ..................................................................... 254


4.27. Sharing of Efficiency Gains and Losses for FY 2016-17 .................................... 257



5. PROVISIONAL TRUE-UP FOR FY 2017-18 .............................................................. 265

5.1. Provisional Sales for FY 2017-18 ........................................................................... 265


5.3. Distribution Loss for FY 2017-18 ........................................................................... 272

5.4. Power Purchase Expense for FY 2017-18............................................................... 273

5.5. Transmission Charges and MSLDC Charges for FY 2017-18 ............................... 279





5.8. Depreciation for FY 2017-18 .................................................................................. 285

5.9. Interest Expenses for FY 2017-18 ........................................................................... 286









5.18. Income from Open Access Charges for FY 2017-18 .......................................... 302

5.19. Impact of payment to MPECS in future years ..................................................... 303

5.20. Revenue for FY 2017-18 ..................................................................................... 303


5.22. Income from Trading of Surplus Power .............................................................. 305



6. REVISED AGGREGATE REVENUE REQUIREMENT FOR FY 2018-19 AND

FY 2019-20 ............................................................................................................................ 312

6.1. Background ............................................................................................................. 312

6.2. Segregation of Wires and Supply Business............................................................. 312

6.3. Sales projections for FY 2018-19 and FY 2019-20 ................................................ 312

6.4. Distribution Loss for FY 2018-19 and FY 2019-20 ................................................ 336

6.5. Energy Balance for FY 2018-19 and FY 2019-20 .................................................. 337

6.6. Power Purchase Expenses for FY 2018-19 and FY 2019-20 .................................. 342

6.7. Intra-State Transmission & MSLDC Charges for FY 2018-19 and FY 2019-20 ... 363

6.8. O&M Expenses for FY 2018-19 and FY 2019-20 .................................................. 364

6.9. Capital Expenditure and Capitalisation for FY 2018-19 and FY 2019-20 ............. 366

6.10. Depreciation for FY 2018-19 and FY 2019-20 ................................................... 368

6.11. Interest on Long-Term Loan for FY 2018-19 and FY 2019-20 .......................... 370

6.12. Return on Equity for FY 2018-19 and FY 2019-20 ............................................ 372

6.13. Interest on Working Capital for FY 2018-19 and FY 2019-20 ........................... 376

6.14. Other Finance Charges ........................................................................................ 380

6.15. Provision for Bad Debts for FY 2018-19 and FY 2019-20 ................................. 380

6.16. Other Expenses for FY 2018-19 and FY 2019-20 ............................................... 383



6.17. Contribution to Contingency Reserves for FY 2018-19 and FY 2019-20 .......... 384

6.18. Incentives and Discounts for FY 2018-19 and FY 2019-20 ................................ 385

6.19. Non-Tariff Income for FY 2018-19 and FY 2019-20 ......................................... 385

6.20. Income from Wheeling Charges from Open Access Consumers ........................ 388


6.22. Revenue at Existing Tariff ................................................................................... 389


6.24. Aggregate Revenue Requirement for FY 2018-19 and FY 2019-20 ................... 391

7. ADDITIONAL CLAIMS AND REVENUE GAP TO BE RECOVERED ................... 395

7.1. Impact of Review Order .......................................................................................... 395

7.2. Impact of Disallowance of AG Sales for FY 2014-15 ............................................ 398

7.3. Carrying Cost on previous Gap ............................................................................... 399

7.4. Impact of non-compliance of RPO as per Case 190 of 2014 .................................. 402

7.5. Payment of Delayed Payment Surcharge to various wind generators .................... 403

7.6. Total Revenue Gap to be recovered ........................................................................ 404

8. COMPLIANCE OF EARLIER DIRECTIVES .............................................................. 407

8.1. Metering of un-metered Agriculture consumers ..................................................... 407

8.2. Metering of un-metered Agriculture consumers ..................................................... 407

8.3. Recovery of FAC .................................................................................................... 408

8.4. Customer Outreach .................................................................................................. 409

8.5. Billing Related Process ........................................................................................... 410

8.6. Feeder-based Metering with AMR facilities ........................................................... 411

8.7. MOD stack .............................................................................................................. 412

8.8. Depreciation ............................................................................................................ 413

8.9. Power Purchase and Planning ................................................................................. 413

8.10. Metering of un-metered Agriculture Consumers ................................................. 417

8.11. Recovery of Arrears ............................................................................................. 417

8.12. kVAh Metering .................................................................................................... 418

8.13. Voltage-wise break-up of GFA ........................................................................... 419

8.14. Coal Monitoring .................................................................................................. 419

9. TARIFF PHILOSOPHY, TARIFF DESIGN AND CATEGORY-WISE TARIFFS FOR

FY 2018-19 AND FY 2019-20 .............................................................................................. 421

9.1. Overall Approach for Tariff Design ........................................................................ 421

9.2. Applicability of revised Tariffs ............................................................................... 423

9.3. Average Cost of Supply .......................................................................................... 423



9.4. Balancing of ABR and ACoS for Revenue Recovery over FY 19 & FY 20 .......... 424

9.5. Key Considerations for Tariff Design ..................................................................... 427

9.6. Tariff Philosophy proposed by MSEDCL and Commission’s Rulings .................. 438

9.7. Full Cost Recovery and Rationalisation of Fixed Cost ........................................... 438

9.8. Need for creation of New Consumer Categories .................................................... 442

9.9. Rebate to existing HT Consumers ........................................................................... 444

9.10. Bulk Consumption Rebate ................................................................................... 446

9.11. Sub-Category for New Consumers ...................................................................... 447

9.12. Sale to Consumers from SEZ Area ...................................................................... 448

9.13. Change in Slabs for Commercial and Public Services (0-20 kW) ...................... 449

9.14. Clarification on HT I Seasonal Category ............................................................ 450

9.15. Clarification on Public Water Works by MIDC .................................................. 451

9.16. Industrial Tariff to Hotels in Notified Tourist Districts ...................................... 452

9.17. Inclusion of R&D Lab for Animal Husbandry in AG – Others Category ........... 452

9.18. Voltage-wise Cost of Supply ............................................................................... 453

9.19. Revision of ToD Charges .................................................................................... 458

9.20. Challenges related to Short Term Open Access Transactions ............................. 459

9.21. Wheeling Charges ................................................................................................ 461

9.22. Revision in Billing Demand ................................................................................ 468

9.23. kVAh based Billing ............................................................................................. 470

9.24. Revised Tariffs with effect from 1, September, 2018 ......................................... 473

9.25. Power Factor Incentives/Penalty ......................................................................... 481

9.26. Load Factor Incentive .......................................................................................... 482

9.27. Incentive for Online Payment for LT Category Consumers ................................ 484

9.28. Mode for Communication ................................................................................... 485

9.29. Incentives and Disincentives ............................................................................... 486

9.30. Prompt Payment Discount ................................................................................... 488

9.31. Delayed Payment Charges ................................................................................... 488

9.32. Rate of Interest on Arrears ................................................................................... 488

9.33. Pass-through of variations in cost of power purchase ......................................... 488

9.34. Vetting of Fuel Adjustment Charge levied on Consumers .................................. 489

9.35. Stand-by Charges from Mumbai Distribution Licensees and Indian Railways .. 489

9.36. Adoption of Gross Metering instead of Net-metering for Solar Rooftops .......... 493

9.37. Cross-Subsidy Surcharge ..................................................................................... 495

9.38. Additional Surcharge ........................................................................................... 507



10. SCHEDULE OF CHARGES ...................................................................................... 517

10.1. Background .......................................................................................................... 517

10.2. Service connection charges proposed by MSEDCL............................................ 517

10.3. Service connection charges for new overhead connections ................................ 518

10.4. Service connection charges for new underground connections ........................... 521

10.5. Commission’s Analysis and Rulings ................................................................... 528

10.6. Cost of meter and meter box ................................................................................ 532

10.7. Miscellaneous and general charges ..................................................................... 533

10.8. Application registration and processing charges ................................................. 537

10.9. Schedule of Charges for Open Access ................................................................ 539

11. APPLICABILITY OF THE ORDER ......................................................................... 542



LIST OF TABLES

Table 1-1: Schedule of Public Hearings ...................................................................................................................... 26

Table 2-1: Agricultural consumption across different states (units per consumer) ................................................... 37

Table 2-2: comparison of fixed charges for HT industrial consumers (Rs. / kVA / month) ...................................... 44

Table 2-3: State wise Comparison of Load factor Incentives...................................................................................... 73

Table 2-4: Infrastructure augmentation since FY 2005-06 ........................................................................................ 77

Table 2-5: Infrastructure addition over a period of 10-12 years. ................................................................................ 82

Table 2-6: Comparison of ACoS , AG Sales and no of consumers with other states. .............................................. 103

Table 2-7: Comparison of billing demand ................................................................................................................. 125

Table 3-1: Category-wise Sales for FY 2014-15 (excluding DF areas), as submitted by MSEDCL (MU) .............. 135

Table 3-2: Summary of Agriculture Sales (as per MSEDCL MTR Petition) for FY 2015-16 to FY 2019-20 ........ 145

Table 3-3: Summary of Agriculture Sales (Approved for MTR) for FY 2015-16 to FY 2019-20 ............................ 145

Table 3-4: Energy Sales approved for FY 2015-16 by Commission ......................................................................... 147

Table 3-5: Energy Sales for MSEDCL for FY 2015-16 as submitted by MSEDCL (MU) ....................................... 147

Table 3-6: Energy balance for FY 2015-16 as submitted by MSEDCL .................................................................... 148

Table 3-7: Energy Sales for Energy Balance of FY 2015-16 as approved by Commission (MU) ........................... 150

Table 3-8: Energy Balance for FY 2015-16 as approved by the Commission .......................................................... 151

Table 3-9: Distribution Losses for FY 2015-16 as submitted by MSEDCL .............................................................. 153

Table 3-10: Distribution Loss for FY 2015-16 as approved by the Commission ...................................................... 154

Table 3-11: Source wise Power Purchase for FY 2015-16 as submitted by MSEDCL ............................................ 154

Table 3-12: Power Purchase Expenses for FY 2015-16 as approved by Commission (Rs. crore) ........................... 160

Table 3-13: Transmission Charges for FY 2015-16 as per MSEDCL (Rs. crore) ................................................... 160

Table 3-14: Transmission Charges for FY 2015-16 as per Commission (Rs. crore) ............................................... 160

Table 3-15: O&M Expenses for FY 2015-16 as submitted by MSEDCL (Rs. Crore) .............................................. 160

Table 3-16: Comparison of O&M Expenses for FY 2015-16 by MSEDCL (Wires + Supply) (Rs. crore), as submitted

by MSEDCL................................................................................................................................................................ 161

Table 3-17: O&M Expenses approved by Commission for FY 2015-16 (Wire) ....................................................... 162

Table 3-18: O&M Expenses approved by Commission for FY 2015-16 (Supply) .................................................... 163

Table 3-19: O&M Expenses for FY 2015-16 (Wires+Supply) approved by Commission (Rs. crore) ...................... 163

Table 3-20: Capex and Capitalisation as submitted by MSEDCL for FY 2015-16 (Rs. crore) ................................ 170

Table 3-21: DPR Scheme Capex and Capitalisation as submitted by MSEDCL for FY 2015-16 (Rs. crore) ......... 170

Table 3-22: Non-DPR Scheme Capex and Capitalisation as submitted by MSEDCL for FY 2015-16 (Rs. crore) . 171

Table 3-23: Summary of Capex and Capitalisation as submitted by MSEDCL for FY 2015-16 (Rs. crore)........... 172

Table 3-24: Summary of Capitalisation for FY 2015-16, as submitted by MSEDCL .............................................. 173

Table 3-25: Excess Capitalisation claimed by MSEDCL in FY 2015-16 (Rs. Crore) .............................................. 173

Table 3-26: Capitalisation approved by Commission for FY 2015-16 (Rs. Crore) ................................................... 175

Table 3-27: Capitalisation for FY 2015-16 (Rs crore) .............................................................................................. 176

Table 3-28: Depreciation as submitted by MSEDCL for FY 2015-16 (Rs. crore) .................................................... 176

Table 3-29: Summary of Depreciation for FY 2015-16 (Rs. crore) .......................................................................... 178

Table 3-30: Interest Expenses for FY 2015-16 .......................................................................................................... 178

Table 3-31: Funding of Capitalisation approved by Commission for FY 2015-16 .................................................. 179

Table 3-32: Interest Expenses approved by the Commission for FY 2015-16 (Rs. Crore) ....................................... 179

Table 3-33: Calculation of capital expenditure, equity portion and asset capitalisation as per MSEDCL ............. 181

Table 3-34: RoE for Wires Business for FY 2015-16 as per MSEDCL (Rs. crore) ................................................. 182

Table 3-35: RoE for Supply Business for FY 2015-16 as per MSEDCL (Rs. crore) ............................................... 182

Table 3-36: Return on Equity (Wires) for FY 2015-16 approved by Commission (Rs. crore) ................................. 183

Table 3-37: Return on Equity (Supply) for FY 2015-16 approved by Commission (Rs. crore) ............................... 183

Table 3-38: RoE approved by Commission (Wires+Supply) (Rs. crore) ................................................................... 184

Table 3-39: Interest on Working Capital and Security Deposit for Wires Business for FY 15-16 as per MSEDCL (Rs.

crore) ........................................................................................................................................................................... 184



Table 3-40: Interest on Working Capital and Consumers’ Security Deposit for Supply Business for FY 2015-16 as

per MSEDCL (Rs. crore) ............................................................................................................................................ 185

Table 3-41: Interest on Working Capital for FY 2015-16, as submitted by MSEDCL ............................................ 186

Table 3-42: Interest on Working Capital and Security Deposit for Wires Business as approved by Commission for

FY 2015-16 (Rs. crore) ............................................................................................................................................... 187

Table 3-43: Interest on Working Capital and Consumers’ Security Deposit for Supply Business as approved by

Commission for FY 2015-16 (Rs crore) ..................................................................................................................... 187

Table 3-44: IoWC and Interest on Security Deposit as approved by Commission FY 2015- 16 (Wires+Supply) (Rs.

crore) ........................................................................................................................................................................... 188

Table 3-45: Other Finance Charges for FY 15-16 as per MSEDCL (Rs. crore) ..................................................... 189

Table 3-46: Other Finance Charges for FY 2015-16 as approved by Commission (Rs. crore) ............................... 189

Table 3-47: Provision for Bad and Doubtful Debts for FY 2015-16 as per MSEDCL (Rs. crore) .......................... 189

Table 3-48: Receivables for FY 2015-16, as per MSEDCL (Rs. crore) .................................................................... 190

Table 3-49: Provision for Bad Debts for FY 2015-16 as approved by Commission ................................................. 191

Table 3-50: Summary of approved Provision for Bad Debts for FY 2015-16 (Rs crore) ......................................... 191

Table 3-51: Other Expenses for FY 2015-16 as per MSEDCL (Rs. crore) .............................................................. 191

Table 3-52: Other Expenses for FY 2015-16 as approved by the Commission (Rs. crore) ...................................... 192

Table 3-53: Incentives and Discounts for FY 2015-16 submitted by MSEDCL (Rs. crore) .................................... 193

Table 3-54: Incentives and Discounts approved for FY 2015-16 (Rs. crore) ........................................................... 193

Table 3-55: RLC Refund collected and outstanding, as submitted by MSEDCL (Rs. Crore) .................................. 194

Table 3-56: RLC Refund approved by Commission for FY 2015-16 (Rs. crore) ...................................................... 194

Table 3-57: ASC Refund approved by Commission for FY 2015-16 (Rs. crore) ...................................................... 195

Table 3-58: Net Prior Period Expenses/ (Income) submitted by MSEDCL for FY 2015-16 ................................... 195

Table 3-59: Net Prior Period Expenses/Income for FY 2015-16 as per Annual Accounts, claimed, and approved by

the Commission (Rs. crore) ........................................................................................................................................ 196

Table 3-60: Revenue for FY 2015-16 as per MSEDCL (Rs crore) ........................................................................... 196

Table 3-61: Revenue for FY 2015-16 as approved by Commission (Rs. crore) ........................................................ 197

Table 3-62: Non-Tariff Income as per MSEDCL (Rs. crore) ................................................................................... 197

Table 3-63: Non-Tariff Income for FY 2015-16, as approved by Commission (Rs. crore) ...................................... 197

Table 3-64: Income from Wheeling Charges for FY 2015-16 as per MSEDCL (Rs. crore) .................................... 198

Table 3-65: Income from Wheeling Charges approved for FY 2015-16 (Rs crore) ................................................. 198

Table 3-66: Income from Open Access Charges FY 2015-16 as per MSEDCL (Rs. crore) .................................... 198

Table 3-67: Income from OA Charges approved for FY 2015-16 (Rs. crore) .......................................................... 199

Table 3-68: Month-wise details of actual power traded, as submitted by MSEDCL ................................................ 199

Table 3-69: Income from Trading Surplus for FY 2015-16 as approved by Commission (Rs. crore) ..................... 200

Table 3-70: O&M Expenses Approved vs. Actual as per MSEDCL (Rs. crore) ....................................................... 200

Table 3-71: Interest on Working Capital Approved vs. Actual as per MSEDCL (Rs. crore) ................................... 200

Table 3-72: Efficiency Loss due to higher Distribution Loss in FY 2015-16 as per MSEDCL ............................... 201

Table 3-73: Net Impact of sharing of gains and losses FY 2015-16 ......................................................................... 201

Table 3-74: Sharing of Gains/Loss on O&M and IoWC Expenses, approved by Commission (Rs. crore) ............. 203

Table 3-75: Sharing of Gains/Loss on Distribution losses, approved by Commission (Rs. crore) .......................... 203

Table 3-76: Ratio of allocation of expenses to Wires and Supply Businesses .......................................................... 203

Table 3-77: ARR for Wires Business for FY 2015-16 as approved by Commission (Rs. crore) .............................. 204

Table 3-78: ARR for Supply Business for FY 2015-16 as approved by Commission (Rs. crore)............................. 205

Table 3-79: ARR for FY 2015-16 (Wires + Supply) as approved by Commission (Rs. crore) ................................. 205

Table 4-1: Category wise sales for FY 2016-17 ......................................................................................................... 207

Table 4-2: AG Sales for FY 2016-17, as approved by Commission .......................................................................... 209

Table 4-3: Sales approved by Commission (MUs) ..................................................................................................... 209

Table 4-4: Energy Available for Sales for FY 2016-17 as submitted by MSEDCL (MU) ........................................ 210

Table 4-5: Energy Balance for FY 2016-17 as submitted by MSEDCL ................................................................... 212

Table 4-6: Energy Sales for Energy Balance of FY 2016-17 as approved by Commission (MU) ........................... 213




Table 4-8: Distribution Loss for FY 16-17 as submitted by MSEDCL ..................................................................... 216

Table 4-9: Distribution Loss for FY 2016-17 as approved by the Commission ........................................................ 216


Table 4-11: Power Purchase from MSPGCL stations as submitted by MSEDCL ................................................... 217




Table 4-15: O&M Expenses for FY 2016-17 as submitted by MSEDCL (Rs. Crore) .............................................. 223

Table 4-16: O&M Expenses escalation factor for FY 2016-17 ................................................................................. 224

Table 4-17: Comparison of O&M Expenses for FY 2016-17 by MSEDCL (Wires + Supply) (Rs. crore), as submitted

by MSEDCL................................................................................................................................................................ 224

Table 4-18: O&M Expenses for FY 2016-17 (Wires+Supply) approved by the Commission (Rs. crore) ................ 225





Table 4-23: Summary of Capitalisation (Rs. Crore).................................................................................................. 229

Table 4-24: Excess Capitalisation during FY 2016-17 (Rs. Crore) .......................................................................... 230

Table 4-25: Capitalisation approved by the Commission for FY 2016-17 (Rs. Crore) ............................................. 231

Table 4-26: Capitalisation for FY 2016-17 (Rs crore) .............................................................................................. 231


Table 4-28: Depreciation approved for FY 2016-17 (Rs. crore) ............................................................................... 232


Table 4-30: Interest on Long Term Loans FY 2016-17 ............................................................................................ 233

Table 4-31: Funding Pattern approved by Commission (Rs. Crore) ........................................................................ 235


Table 4-33: Calculation of equity portion of the Capitalization for FY 2016-17 (Rs. Crores) ................................ 236





Table 4-38: Summary of RoE approved by Commission (Wires+Supply) (Rs. crore).............................................. 239

Table 4-39: Interest on Working Capital and Security Deposit for Wires Business for FY 2016-17 as per MSEDCL

(Rs. crore) ................................................................................................................................................................... 239



Table 4-41: Interest on Working Capital for FY 2016-17, as submitted by MSEDCL ............................................ 241


FY 2016-17 (Rs. crore) ............................................................................................................................................... 242

Table 4-43:Interest on Working Capital and Consumers’ Security Deposit for Supply Business as approved by


Table 4-44: IoWC and Interest on Security Deposit as approved by Commission FY 2016-17 (Wires+Supply) (Rs.

crore) ........................................................................................................................................................................... 243

Table 4-45: Other Finance Charges for FY 2016-17 as per MSEDCL (Rs. crore) .................................................. 244

Table 4-46: Other Finance Charges for FY 2016-17 as approved by Commission (Rs. crore) ............................... 244

Table 4-47: Provision for Bad and Doubtful Debts for FY 2016-17 for Wires Business as per MSEDCL (Rs. crore)

..................................................................................................................................................................................... 245

Table 4-48: Provision for Bad and Doubtful Debts for FY 2016-17 for Supply Business as per MSEDCL (Rs. crore)

..................................................................................................................................................................................... 245

Table 4-49: Receivables for FY 2016-17, as per MSEDCL (Rs. crore) .................................................................... 245

Table 4-50: Provision for Bad Debts for FY 2016-17 as approved by Commission ................................................. 246

Table 4-51: Summary of approved Provision for Bad Debts for FY 2016-17 (Rs crore) ......................................... 246




Table 4-53: Other Expenses for FY 2016-17 as approved by the Commission (Rs. crore) ...................................... 247

Table 4-54: Contribution to Contingency Reserve as approved by Commission for FY 2016-17 (Rs. crore) ......... 248

Table 4-55: Incentives and Discoun ts for FY 2016-17 submitted by MSEDCL (Rs. crore) ............... 249


Table 4-57: RLC Refund collected and outstanding (Rs. Crore) .............................................................................. 249

Table 4-58: RLC Refund approved by Commission for FY 2016-17 (Rs. crore) ...................................................... 250

Table 4-59: ASC Refund approved by Commission for FY 2016-17 (Rs. crore) ...................................................... 250


Table 4-61: Income from Wheeling Charges approved for FY 2016-17 (Rs crore) ................................................. 251

Table 4-62: Details of Open Access charges ............................................................................................................. 252

Table 4-63: Income from Open Access Charges FY 2016-17 as per MSEDCL (Rs. crore) .................................... 252

Table 4-64: Income from OA Charges approved for FY 2016-17 (Rs. crore) .......................................................... 252

Table 4-65: Revenue for FY 2016-17 as per MSEDCL (Rs crore) ........................................................................... 253

Table 4-66: Revenue for FY 2016-17 as approved by Commission (Rs. crore) ........................................................ 253

Table 4-67: Income from Trading Surplus for FY 2016-17 as per MSEDCL (Rs. crore) ....................................... 253

Table 4-68: Month-wise details of actual power traded, as submitted by MSEDCL ................................................ 254

Table 4-69: Income from Trading Surplus for FY 2016-17 as approved by Commission (Rs. crore) ..................... 254

Table 4-70: Income from Additional Surcharge for FY 2016-17, as submitted by MSEDCL (Rs. crore) .............. 254

Table 4-71: Income from Additional Surcharge for FY 2016-17, as approved by the Commission (Rs. Crore) .... 255



Table 4-74: O&M Expenses Approved vs. Actual as per MSEDCL (Rs. crore) ....................................................... 257

Table 4-75: Interest on Working Capital Approved vs. Actual as per MSEDCL (Rs. crore) ................................... 257

Table 4-76: Efficiency Loss due to higher Distribution Loss in FY 2016-17 as per MSEDCL ............................... 258

Table 4-77: Net Impact of sharing of gains and losses FY 2016-17 ......................................................................... 258

Table 4-78: Sharing of Gains/Loss on O&M and IoWC Expenses, approved by Commission (Rs. Crore) ............ 259

Table 4-79: Sharing of Gains/Loss on O&M and IoWC Expenses, approved by Commission (Rs. Crore) ............ 260

Table 4-80: Allocation Matrix for Retail Supply and Wires Business Expenses ..................................................... 261

Table 4-81: ARR for Wires Business for FY 2016-17 as approved by Commission (Rs. crore) .............................. 262

Table 4-82: ARR for Supply Business for FY 2016-17 as approved by Commission (Rs. crore)............................. 262

Table 4-83: ARR for FY 2016-17 (Wires + Supply) as approved by Commission (Rs. crore) ................................. 263

Table 5-1: Category wise Sales for FY 2017-18 ........................................................................................................ 265

Table 5-2: AG Sales for FY 2017-18, as approved by Commission .......................................................................... 266

Table 5-3: Sales approved by Commission (MUs) for FY 2017-18 ........................................................................... 267

Table 5-4: Energy Available for Sale for FY 2017-18 as submitted by MSEDCL (MU) ......................................... 267

Table 5-5: Energy Balance for FY 2017-18 as submitted by MSEDCL ................................................................... 268

Table 5-6: Energy Sales for Energy Balance of FY 2017-18 as approved by Commission ..................................... 270


Table 5-8: Distribution Loss for FY 2017-18 as submitted by MSEDCL ................................................................. 272

Table 5-9: Distribution Loss for FY 2017-18 as approved by the Commission ........................................................ 273

Table 5-10: Power Purchase for FY 2017-18 as submitted by MSEDCL ................................................................. 274



Table 5-13: Transmission and MSLDC Charge details and applicability for FY 2017-18, as per Commission (Rs.

crore) ........................................................................................................................................................................... 280


Table 5-15: Operation & Maintenance Expenses for FY 2017-18, as submitted by MSEDCL (Rs. crore)............. 280

Table 5-16: O&M Expenses for FY 2017-18 (Wires+Supply) approved by the Commission (Rs. crore) ................ 281







Table 5-21: Excess Capitalisation during FY 2017-18 (Rs. Crore) .......................................................................... 284

Table 5-22: Capitalisation approved by Commission for FY 2017-18 (Rs crore)..................................................... 285


Table 5-24: Depreciation approved for FY 2017-18 (Rs. crore) ............................................................................... 286


Table 5-26: Interest Expenses for FY 2017-18, as submitted by MSEDCL (Rs. Crore) .......................................... 287



Table 5-29: Calculation of equity portion of the Capitalization for FY 2017-18 (Rs. Crores) ................................ 289





Table 5-34: Summary of RoE approved by Commission (Wires+Supply) (Rs. crore).............................................. 293

Table 5-35: Interest on Working Capital and Security Deposit for Wires Business for FY 2017-18 as per MSEDCL

(Rs. crore) ................................................................................................................................................................... 293




FY 2017-18 (Rs. crore) ............................................................................................................................................... 295

Table 5-38: Interest on Working Capital and Consumers’ Security Deposit for Supply Business as approved by


Table 5-39: IoWC and Interest on Security Deposit as approved by Commission FY 2017-18 (Wires+Supply) (Rs.

crore) ........................................................................................................................................................................... 296

Table 5-40: Provision for Bad Debts for Wires Business for FY 2017-18 as per MSEDCL (Rs. crore) ................. 297

Table 5-41: Provision for Bad Debts for Supply Business for FY 2017-18 as per MSEDCL (Rs. crore) ............... 297

Table 5-42: Provision for Bad Debts for FY 2017-18 as approved by Commission (Rs. crore) ............................... 297


Table 5-44: Other Expenses for FY 2017-18 as approved by Commission (Rs. crore) ............................................ 298

Table 5-45: Contribution to Contingency Reserve for FY 2017-18 as considered by Commission (Rs. crore) ....... 299

Table 5-46: Incentives and Discounts for FY 2017-18 submitted by MSEDCL (Rs. crore) .................................... 300





Table 5-51: Income from Wheeling Charges for FY 2017-18 as approved by Commission (Rs. crore) ................. 302

Table 5-52: Income from Open Access Charges for FY 2017-18 as per MSEDCL (Rs. crore) ............................... 302

Table 5-53: Income from Open Access Charges for FY 2017-18 as approved by Commission (Rs. crore) ............ 302

Table 5-54: Impact of payment to MPECS, as approved by Commission (Rs. Crore) ............................................. 303

Table 5-55: Revenue for FY 2017-18, as submitted by MSEDCL (Rs. crore) .......................................................... 303

Table 5-56: Revenue for FY 2017-18, as approved by Commission (Rs. crore) ....................................................... 304

Table 5-57: Income from Additional Surcharge for FY 2017-18, as submitted by MSEDCL (Rs. crore) .............. 304

Table 5-58: Income from Additional Surcharge for FY 2017-18, as approved by the Commission (Rs. crore) ..... 304

Table 5-59: Income from Trading of Surplus Power for FY 2017-18, as submitted by MSEDCL (Rs. crore) ....... 305

Table 5-60: Income from Trading Surplus in FY 2017-18 as approved by Commission (Rs. crore) ...................... 305

Table 5-61: Aggregate Revenue Requirement for Wires Business for FY 2017-18 as per MSEDCL (Rs. Crore) .. 306

Table 5-62: Aggregate Revenue Requirement for Supply Business for FY 2017-18 as per MSEDCL (Rs. Crore) 306

Table 5-63: Aggregate Revenue Requirement for FY 2017-18 as per MSEDCL (Rs. Crore).................................. 307

Table 5-64: ARR for Wires Business for FY 2017-18, as approved by Commission (Rs. crore) ............................. 308

Table 5-65: ARR for Supply Business for FY 2017-18, as approved by Commission (Rs. crore) ........................... 309

Table 5-66: Combined ARR for FY 2017-18 (Wires + Supply), as approved by Commission (Rs. crore) ............... 310



Table 6-1: Historical Sales Growth and CAGR (HT Category) ................................................................................ 314

Table 6-2: Historical Sales Growth and CAGR (LT Category) ................................................................................ 315

Table 6-3: CAGR Considered for Sales Projections (HT Category) ......................................................................... 316

Table 6-4: CAGR Considered for Sales Projections (LT Category) ......................................................................... 317

Table 6-5: Sales Projections-Excluding DF (HT category) (MUs) .......................................................................... 318

Table 6-6: Sales Projections Excluding DF (LT Category) (MUs)........................................................................... 319

Table 6-7: Input Sales for DFs (MU) ........................................................................................................................ 320

Table 6-8: Historical Growth and CAGR No. of Consumers (HT Category) ........................................................... 321

Table 6-9: Historical Growth and CAGR No. of Consumers (LT Category) ........................................................... 321

Table 6-10: CAGR Considered for No. of Consumers Projections (HT Category) .................................................. 322

Table 6-11: CAGR Considered for No. of Consumers Projections (LT Category) .................................................. 323

Table 6-12: No. of Consumers Projections (HT category) ........................................................................................ 325

Table 6-13: No. of Consumers Projections (LT category) ........................................................................................ 325

Table 6-14: Historical Growth and CAGR Actual Billed Demand/ Connected Load .............................................. 327

Table 6-15: Historical Growth and CAGR connected load/Contract Demand (LT Category) ................................ 327

Table 6-16: CAGR Considered for Contract Demand Projections (HT Category) .................................................. 328

Table 6-17: CAGR Considered for Connected Load/Contract Demand Projections (LT Category) ....................... 329

Table 6-18: Connected load/contract demand Projections (HT category) ............................................................... 330

Table 6-19: Connected load/contract demand Projections (LT category) ................................................................ 330

Table 6-20: Sales for FY 2018-19 and FY 2019-20 as approved by Commission .................................................... 335

Table 6-21: Distribution Loss for FY 2018-19 and FY 2019-20 as submitted by MSEDCL .................................... 336

Table 6-22: Total Energy Sales projected for FY 2018-19 and FY 2019-20 as submitted by MSEDCL (MU) ....... 337

Table 6-23: Energy Balance for FY 2018-19 and FY 2019-20 as submitted by MSEDCL ...................................... 338

Table 6-24: Voltage-wise sales approved considered in Energy Balance for FY 2018-19 and FY 2019-20 (MU) . 339

Table 6-25: Energy Balance for FY 2018-19 approved by the Commission ............................................................ 340

Table 6-26: Energy Balance for FY 2019-20 approved by the Commission ............................................................ 341

Table 6-27: Expected commissioning dates of new NTPC stations as submitted by MSEDCL ............................... 344

Table 6-28: Renewable Energy Purchase for FY 2018-19 and FY 2019-20 as submitted by MSEDCL ................. 346

Table 6-29: Transmission Charges for FY 2018-19 and FY 2019-20 as submitted by MSEDCL (Rs. Crore) ........ 348



Table 6-32: Energy Input for FY 2018-19 and FY 2019-20, as approved by Commission (MU) ............................ 350

Table 6-33: Generation Quantum of MSPGCL Stations approved in Case No. 196 of 2017 (in MU) .................... 351

Table 6-34: Generation Cost of MSPGCL Stations approved in Case No. 196 of 2017 .......................................... 352

Table 6-35: COD of upcoming NTPC Stations, as considered by Commission ....................................................... 353

Table 6-36: Purchase against RPO approved for FY 2018-19 and FY 2019-20 ...................................................... 355

Table 6-37: Capacity contracted under PPA with IPPs by MSEDCL (MW) ............................................................ 355

Table 6-38: Power Purchase from ‘Must Run’ Stations/Units in FY 2018-19 and FY 2019-20, as approved by

Commission ................................................................................................................................................................ 358

Table 6-39: Approved Power Purchase from Thermal Stations/Units for FY 2018-19 ........................................... 358

Table 6-40: Approved Power Purchase from Thermal Stations/Units for FY 2019-20 ........................................... 360

Table 6-41: Approved Power Purchase Cost for FY 2018-19 ................................................................................... 362

Table 6-42: Approved Power Purchase Cost for FY 2019-20 ................................................................................... 362

Table 6-43: Surplus Energy Availability in FY 2018-19 and FY 2019-20, as estimated by Commission ................ 363

Table 6-44: Intra State Transmission Charges for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs. crore)

..................................................................................................................................................................................... 363

Table 6-45: MSEDCL's share of InSTS Charges and MSLDC Charges for FY 2018-19 and FY 2019-20, as approved

by Commission (Rs. crore) ......................................................................................................................................... 364

Table 6-46: Normative O&M Expenses FY 2018-19 to FY 2019-20 as per MSEDCL (Rs. Crore) ......................... 364

Table 6-47: Operation & Maintenance Expenses for FY 2018-19 and FY 2019-20, as approved by Commission (Rs.

crore) ........................................................................................................................................................................... 365

Table 6-48: Capitalisation and Capital Expenditure for FY 18-19 and FY 19-20 (Rs. Crore) ................................ 366



Table 6-49: DPR Schemes for FY 18-19 and FY 19-20 ............................................................................................ 366

Table 6-50: Non-DPR Schemes for FY 18-19 and FY 19-20 .................................................................................... 367

Table 6-51: Excess Capitalisation .............................................................................................................................. 368

Table 6-52: Depreciation FY 18-19 to FY 19-20 (Rs. Crore) .................................................................................... 369

Table 6-53: Depreciation for FY 2018-19 and FY 2019-20 ...................................................................................... 369

Table 6-54: summary of depreciation approved for FY 2018-19 and FY 2019-20 ................................................... 369

Table 6-55: Interest Expenses for FY 18-19 and FY 19-20 (Rs. Crore) ................................................................... 370


Table 6-57: Interest Expenses approved by the Commission for FY 2018-19 and FY 2019-20 (Rs. Crore) ........... 371

Table 6-58: Calculation of Capital expenditure, Equity portion and Asset Capitalization (Rs. Crore) ................... 372

Table 6-59: ROE for Wires business FY 18-19 to FY 19-20 (Rs. Crore) .................................................................. 373

Table 6-60: ROE for Supply business FY 18-19 to FY 19-20 (Rs. Crore) ................................................................ 374

Table 6-61: Return on Equity (Wires) for FY 2018-19 and FY 2019-20 approved by Commission (Rs. Crore) ..... 375

Table 6-62: Return on Equity (Supply) for FY 2018-19 and FY 2019-20 approved by Commission (Rs. Crore) ... 375

Table 6-63: Summary of RoE (Wires and Supply) approved by the Commission (Rs. Crores) ............................... 376

Table 6-64: Interest on Working Capital and Security Deposit for Wires Business FY 18-19 to FY 19-20, as per

MSEDCL (Rs. Crore) ................................................................................................................................................. 376

Table 6-65: Interest on Working Capital and Security Deposit for Supply Business FY 18-19 to FY 19-20 as per

MSEDCL (Rs. Crore) ................................................................................................................................................. 377

Table 6-66: Interest on Working Capital and Security Deposits for Wires Business, as approved for FY 2018-19 and

FY 2019-20, as approved by Commission (Rs. crore)................................................................................................ 378

Table 6-67: Interest on Working Capital and Security Deposits for Supply Business, as approved for FY 2018-19 and

FY 2019-20, as approved by Commission (Rs. crore)................................................................................................ 379

Table 6-68: Details of Bad Debts provision (Rs. Crore) ............................................................................................ 381

Table 6-69: Provision for Bad and Doubtful Debt for Wires Business FY 2018-19 to FY 2019-20, as submitted by

MSEDCL (Rs. Crore) ................................................................................................................................................. 381

Table 6-70: Provision for Bad and Doubtful Debt for Supply Business FY 2018-19 to FY 2019-20, as per submitted

by MSEDCL (Rs. Crore) ............................................................................................................................................ 382

Table 6-71: Provision for Bad and Doubtful Debts for Wires Business, as approved by Commission (Rs. crore) . 382

Table 6-72: Provision for Bad and Doubtful Debts for Supply Business, as approved by Commission (Rs. crore) 382

Table 6-73: Other Expenses for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs. crore) ................... 383

Table 6-74: Other Expenses for FY 2018-19 and FY 2019-20, as approved by Commission (Rs. crore) ................ 383

Table 6-75: Contribution to Contingency Reserve for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs.

crore) ........................................................................................................................................................................... 384

Table 6-76: Contribution to Contingency Reserve as approved by Commission for FY 2018-19 and FY 2019-20 (Rs.

crore) ........................................................................................................................................................................... 385

Table 6-77: Incentives and Discounts for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs. crore) ... 385

Table 6-78: Incentives and Discounts as approved by Commission for FY 2018-19 and FY 2019-20 (Rs. crore) . 385

Table 6-79: Non-Tariff Income for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs. crore) ............. 386

Table 6-80: Non-Tariff Income as approved by Commission for FY 2018-19 and FY 2019-20 (Rs. crore) ........... 387

Table 6-81: Income from Wheeling Charges for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs. crore)

..................................................................................................................................................................................... 388

Table 6-82: Income from Wheeling Charges for the FY 2018-19 and FY 2019-20, as approved by Commission (Rs.

crore) ........................................................................................................................................................................... 388

Table 6-83: Income from Open Access Charges for the FY 2018-19 and FY 2019-20, as submitted by MSEDCL (in

Rs. crore) .................................................................................................................................................................... 389

Table 6-84: Income from Open Access Charges for FY 2018-19 and FY 2019-20, as approved by Commission (Rs.

crore) ........................................................................................................................................................................... 389

Table 6-85: Revenue at existing Tariff for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs. crore) .. 389

Table 6-86: Revenue at existing Tariff for FY 2018-19 and FY 2019-20, as approved by Commission (Rs. crore) 390

Table 6-87: Income from Additional Surcharge for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs.

crore) ........................................................................................................................................................................... 390



Table 6-88: Income from Additional Surcharge for FY 2018-19 and FY 2019-20, as approved by Commission (Rs.

crore) ........................................................................................................................................................................... 390

Table 6-89: Aggregate Revenue Requirement for Wires Business, as submitted by MSEDCL (Rs. crore) ............ 391

Table 6-90: Aggregate Revenue Requirement for Supply Business, as submitted by MSEDCL (Rs. crore) ........... 391

Table 6-91: Aggregate Revenue Requirement for Wires+Supply Business, as submitted by MSEDCL (Rs. crore) 392

Table 6-92: Aggregate Revenue Requirement for Wires Business, as approved by Commission (Rs. crore) ......... 393

Table 6-93: Aggregate Revenue Requirement for Supply Business approved by the Commission (Rs. crore) ....... 394

Table 6-94: Aggregate Revenue Requirement for Wires+Supply Business, as approved by Commission (Rs. crore)

..................................................................................................................................................................................... 394

Table 7-1: Carrying Cost Computation on the revenue gap of FY 2015-16 to FY 2017-18 as submitted by MSEDCL

(Rs. Cr.) ....................................................................................................................................................................... 400

Table 7-2: Carrying Cost Computation on the revenue gap of FY 2015-16 to FY 2017-18 as approved by the

Commission (Rs. Cr.) ................................................................................................................................................. 401

Table 7-3: Total Revenue Gap to be Recovered ......................................................................................................... 405

Table 7-4: Total Revenue Gap to be recovered, as approved by the Commission (Rs. Crore) ................................. 405

Table 9-1: Projected ARR and ACoS for FY 2018-19 and FY 2019-20, as approved by Commission (Rs. Crore) . 423

Table 9-2: Modified ARR recovery and Modified ACoS for FY 2018-19 and FY 2019-20, as approved by Commission

(Rs. Crore) .................................................................................................................................................................. 424

Table 9-3: Balancing of ACoS and ABR for FY 2018-19 and FY 2019-20 as approved by the Commission ......... 426

Table 9-4: Average Billing Rate (ABR) and Cross-Subsidy Trajectory as proposed by MSEDCL for FY 2018-19 432

Table 9-5: ABR and Cross-Subsidy Trajectory, as proposed by MSEDCL for FY 2019-20 .................................... 434

Table 9-6: ABR and Cross Subsidy trajectory for FY 2018-19, as approved by Commission .................................. 435

Table 9-7: ABR and Cross Subsidy Trajectory for FY 2019-20, as approved by Commission ................................ 436

Table 9-8: Fixed Cost Recovery Computation, as submitted by MSEDCL (Rs. Crore) ........................................... 440

Table 9-9: Comparison of Demand Charges of HT Industry Category, among the States, as submitted by MSEDCL

(Rs/kVA/month) .......................................................................................................................................................... 441

Table 9-10: Allocation Matrix as submitted by MSEDCL ........................................................................................ 455

Table 9-11: VCoS for FY 2015-16, as submitted by MSEDCL ................................................................................. 455

Table 9-12: VCoS for FY 2018-19 and FY 2019-20, as submitted by MSEDCL ..................................................... 456

Table 9-13: Category wise Total Cost of Service for FY 2018-19, considered by Commission (Rs. Crore) ............ 456

Table 9-14: Category Wise Total Cost of Service for FY 2019-20, considered by Commission (Rs. Crore) ........... 457

Table 9-15: VCoS for FY 2018-19 and FY 2019-20, as approved by Commission .................................................. 457

Table 9-16: ToD Tariff proposed by MSEDCL ......................................................................................................... 458

Table 9-17: Segregation of GFA for FY 2018-19 and FY 2019-20, as submitted by MSEDCL .............................. 461

Table 9-18: Network cost apportioned for FY 2018-19 and FY 2019-20, as submitted by MSEDCL ..................... 462

Table 9-19: Calculation of Wheeling Charges for FY 2018-19, as submitted by MSEDCL .................................... 462

Table 9-20: Calculation of Wheeling Charges for FY 2019-20, as submitted by MSEDCL .................................... 463

Table 9-21: Wheeling Charges and Wheeling Losses for FY 2018-19 and FY 2019-20, as submitted by MSEDCL

..................................................................................................................................................................................... 463

Table 9-22: GFA and Sales for FY 2018-19 and FY 2019-20, considered by Commission ..................................... 466

Table 9-23: Voltage-wise Energy Sales for computation of Wheeling Charges for FY 2018-19 and FY 2019-20 . 466

Table 9-24: Voltage-wise Share of Network Cost for FY 2018-19 and FY 2019-20, as considered by Commission

..................................................................................................................................................................................... 466

Table 9-25: Wheeling Charges approved for FY 2018-19 and FY 2019-20 ............................................................. 467

Table 9-26: Summary of LT Tariff for FY 2018-19, effective from 1 September, 2018........................................... 473

Table 9-27: Summary of LT Tariff Categories for FY 2019-20, effective from 1 April, 2019 ................................. 475

Table 9-28: Summary of HT Tariff for FY 2018-19, effective from 1 September, 2018 .......................................... 477

Table 9-29: Summary of HT Tariffs for FY 2019-20, effective from 1 April, 2019 ................................................. 479

Table 9-30: Power Factor Incentive approved for FY 2018-19 and FY 2019-20 ..................................................... 487

Table 9-31: Power Factor Penalty approved for FY 2018-19 and FY 2019-20 ........................................................ 487

Table 9-32: Rate of Interest on Arrears, as approved for FY 2018-19 and FY 2019-20 .......................................... 488

Table 9-33: Stand-by Charges for FY 2018-19 and FY 2019-20, as approved by Commission ............................... 492



Table 9-34: Computation of C for FY 2018-19 and FY 2019-20, as submitted by MSEDCL .................................. 496

Table 9-35: Computation of System Losses for FY 2018-19 and FY 2019-20, as submitted by MSEDCL ............. 496

Table 9-36: Computation of Wheeling Charge D for FY 2018-19 and FY 2019-20, as submitted by MSEDCL .... 497

Table 9-37: Proposed CSS for FY 2018-19 and FY 2019-20, as submitted by MSEDCL (Rs/Unit*) ...................... 497

Table 9-38: Cross Subsidy Surcharge approved by Commission for FY 2018-19 as per Tariff Policy, 2016 ......... 502

Table 9-39: Cross Subsidy Surcharge approved by Commission for FY 2019-20 as per revised Tariff Policy, 2016

..................................................................................................................................................................................... 504

Table 9-40: Additional Surcharge for FY 2018-19 and FY 2019-20, as submitted by MSEDCL ............................ 509

Table 9-41: Additional Surcharge approved by the Commission.............................................................................. 515

Table 10-1: Service connection charges for overhead connection (LT 1 Ph) for load up to 0.5 kW as proposed by

MSEDCL .................................................................................................................................................................... 518

Table 10-2: Service connection charges for overhead connection (LT 1 Ph) for load above 0.5 kW and up to 10 kW

as proposed by MSEDCL ........................................................................................................................................... 518

Table 10-3: Service connection charges for overhead connection (LT 3 Ph) for motive power (< 21 HP) or other (<

16 kW) as proposed by MSEDCL............................................................................................................................... 519

Table 10-4: Service connection charges for overhead connection (LT 3 Ph) for motive power (>21 HP but 16 kW but 107 HP but < 201 HP) or other

(> 80 kW but



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