tarrif comparision

8/9/2019 tarrif comparision

1/42

TERMS & CONDITIONS OF

TARIFF

A COMPARISON

2009-14

IHANDR


2/42

FIXED CHARGES

RIHAND


3/42

COMPONENTS OF Annual Fixed Cost.

(a) Return on equity;() Intere!t on "oan #a$ita";

(#) De$re#iation;

(%) Intere!t on or'in #a$ita";(e) O$eration an% aintenan#e e*$en!e!;

(+) Co!t o+ !e#on%ary +ue" oi" (+or #oa",a!e% an%

"inite +ire% eneratin !tation! on"y);

() S$e#ia" a""oan#e in "ieu o+ R&M or !e$arate

#o$en!ation a""oan#e- .ere/er

a$$"i#a"e0

RIHAND


4/42

120 Return on Euit!0 (1) Return on equity

!.a"" e #o$ute% in ru$ee ter!- on t.eequity a!e %eterine% in a##or%an#e it.

reu"ation 130

(3) Return on equity !.a"" e #o$ute% on $re,ta* a!i! at t.e a!e rate o+ 12024 to e

ro!!e% u$ a! $er #"au!e (5) o+ t.i! reu"ation6

Pro/i%e% t.at in #a!e o+ $ro7e#t! #oi!!ione%

on or a+ter 1!t A$ri"- 3889- an a%%itiona"

return o+ 8024 !.a"" e a""oe% i+ !u#. $ro7e#t!

are #o$"ete% it.in t.e tie"ine !$e#i+ie%

RIHAND


5/42

Return on Euit!6

It i! e*$e#te% to e a $o!iti/e +or t.e $"ayer! in t.e #entra"

!e#tor a! +ro 3889,18 onar%! t.e!e $"ayer! ou"% !tart

earnin a .i.er return on equity o+ 1202 $er #ent $o!t ta*

(+ro t.e $re/iou! 1: $er #ent) on t.e e*i!tin #a$a#itie!0 T.i!

.en a%%e% it. t.e ta* at nora" rate i! e*$e#te% to i/e a

$re,ta* rate o+ 3502 $er#ent0 T.e ta* at MAT rate ou"% earn a$re,ta* rate o+ 102 $er #ent)0 T.e #o$"etion o+ ne $ro7e#t!

it.in t.e !ti$u"ate% tie ou"% re!u"t in an in#reenta"

ene+it o+ 802 $er #ent (#oa",a!e% 288 M< reen+ie"% $"ant!

nee% to e #oi!!ione% it.in :: ont.! to a#.ie/e t.ee*tra 802 $er #ent return on equity)-

t.u! ne $ro7e#t! !tan% to ain a return on equity o+ 1=

$er#ent0

SO>RCE6 CRISI?

RIHAND


6/42

"e#re$iation rate in$reased to %.2& #er $ent' AA" done a(a!

(it)T.e Centra" E"e#tri#ity Reu"atory Coi!!ion (CERC) .a! %one

aay it. t.e a%/an#e aain!t %e$re#iation (AAD) nor !tate% in

t.e CERC Reu"ation Po"i#y 388:,89 an% .a! in#rea!e% t.e

%e$re#iation rate to 203@ $er#ent +or a $erio% o+ 13 year!0T.i! nor i! e*$e#te% to .a/e a neutra" i$a#t0 Ear"ier AAD a!

$ro/i%e% in t.e CERC Reu"ation 388:,89 in or%er to a"an#e t.e

i!,at#. eteen tenure o+ "oan! (to e $ai% in 18 year!) an%

a!!et "i+e (!$rea% o/er 32 year!)0 T.e ne CERC reu"ation.oe/er %i!#ontinue! t.e ene+it o+ AAD0 In or%er to #o$en!ate

+or t.e !ae- %e$re#iation rate! .a/e een in#rea!e% to 203@ $er

#ent +or a $erio% o+ 13 year! an% t.e a"an#e %e$re#iation i! !$rea%

equa""y o/er t.e "i+e o+ t.e a!!et0SO*RCE+ CR,S,

RIHAND


7/42

on ter/ loans

T.e eneration #o$any or t.e tran!i!!ion "i#en!ee- a! t.e#a!e ay e- !.a"" a'e e/ery e++ort to re,+inan#e t.e "oan a!

"on a! it re!u"t! in net !a/in! on intere!t an% in t.at e/ent t.e

#o!t! a!!o#iate% it. !u#. re,+inan#in !.a"" e orne y t.e

ene+i#iarie!0 A"!o- t.e net !a/in! !.a"" e !.are% eteen t.eene+i#iarie! an% t.e eneration #o$any or t.e tran!i!!ion

"i#en!ee- a! t.e #a!e ay e- in t.e ratio o+ 3610 e*$e#t! t.i! to

e a $o!iti/e +or $"ayer!0 In t.e $a!t- net !a/in! +ro any

re!tru#turin a#ti/ity

.a% to e #o$"ete"y $a!!e% on to t.e ene+i#iarie!0 Hoe/er-

a! $er t.e ne reu"ation- t.e eneration #o$any

ou"% e a""oe% to retain one,t.ir% o+ t.e net !a/in!0SO*RCE+ CR,S,

RIHAND


8/42

O#eration and /aintenan$e OM ex#enses

A! $er t.e re/i!e% nor (+or a 288 M< #oa",a!e% $oer$"ant) t.e in#reenta" O&M e*$en!e i! in#rea!e% to 203

$er #ent annua""y- +ro t.e ear"ier : $er #ent0 T.e O&M

e*$en!e in#rea!e% +ro R! 905 "a'.M< in 388:,82 to R!

1802 "a'.M< in 388@,89 an% i"" no ri!e +ro R! 15

"a'.M< in 3889,18 to R! 1=03 "a'.M< in 3815,1:0

An in#reenta" #o$en!ation .a! een $eritte% a+ter t.e

#o$"etion o+ 18 year!- 12 year! an% 38 year! o+ t.eu!e+u" "i+e o+ t.e $"ant- .i#. tran!"ate! into R! 8012 "a'.

M< 0 80=2 "a'. M


9/42

3orin $a#ital nor/s

CERC .a! $ro$o!e% t.at .en#e+ort.

aintenan#e !$are! ou"% e #a"#u"ate% at38 $er #ent o+ t.e O&M e*$en!e!

a! #o$are% to t.e $re/iou! nor o+

#a"#u"atin at 1 $er #ent o+ t.e .i!tori#a"

#o!t!0

A! $er our #a"#u"ation!- e e*$e#t t.ei$a#t o+ t.i! #.ane to e in!ini+i#ant0

SO*RCE+ CR,S,

RIHAND


10/42

5ross station )eat-rate ,/#a$t+ Neati6e

CERC nor! .a/e ti.tene% t.e ro!! !tation

.eat,rate0 Ty$i#a""y a 288 M< #oa",a!e% $oer

$"ant .a% a norati/e !tation .eat rate o+ 3-:28'#a"'. a! $er t.e o"% nor!; t.i! .a! een

#.ane% to 3-:32 '#a"'. it. t.e ne

reu"ation!0


11/42

Ex#enses on se$ondar! 7uel oil $onsu/#tion 7or $oal-8ased and

linite-7ired

eneratin station.

E*$en!e! on !e#on%ary +ue" oi" in Ru$ee! !.a"" e

#o$ute%

#orre!$on%in to norati/e !e#on%ary +ue" oi"

#on!u$tion (SFC) !$e#i+ie% in #"au!e (iii) o+

reu"ation 3=- in a##or%an#e it. t.e +o""oin

+oru"a6

SFC * ?PSFi * NAPAF * 3: * NDB * IC * 18SFC Norati/e S$e#i+i# Fue" Oi" #on!u$tion in "'


12/42

2 ,nitiall!' t)e landed $ost in$urred 8! t)e eneratin

$o/#an! on se$ondar! 7uel oil s)all 8e taen 8ased ona$tuals o7 t)e (ei)ted a6erae #ri$e o7 t)e t)ree

#re$edin /ont)s and in t)e

a8sen$e o7 landed $osts 7or t)e t)ree #re$edin /ont)s'

latest #ro$ure/ent #ri$e 7or t)e eneratin station'8e7ore t)e start o7 t)e !ear. T)e se$ondar! 7uel oil

ex#enses s)all 8e su8:e$t to 7uel #ri$e ad:ust/ent at t)e

end o7 t)e ea$) !ear o7 tari77 #eriod as #er 7ollo(in

7or/ula+SFC x NAPAF x 24 x N"; x ,C x 10 x PSF! < PSFi

3)ere'

PSF! T)e (ei)ted a6erae landed #ri$e o7

se$ondar! 7uel oil 7or t)e !ear in Rs. =/l

RIHAND


13/42

,n$enti6es

T)e ne( CERC reulation states t)at t)e in$enti6e (ould 8e

8ased on Plant A6aila8ilit! Fa$tor PAF rat)er t)an t)e Plant

oad Fa$tor PF' ()i$) (as t)e $riteria under t)e #re6iousreulation. ,t is ex#e$ted to 8e a #ositi6e. ,n t)e #ast' #la!ers

)a6e su77ered due to inadeuate 7uel su##l! leadin to lo(

PFs. Cal$ulation' no( 8ased on PAF (ill #ro6ide adeuate

in$enti6e to #la!ers. T)e in$enti6e $al$ulation 7or #lants (it)less t)an 10 !ears o7 $o//er$ial o#eration (ould 8e $al$ulated

as 7ollo(s+

Annual 7ixed $)ares > N"M=N"; > 0.% ? 0.% > A$tual

/ont)l! PAF= Nor/ati6e PAFFor #lants a8o6e 10 !ears o7 $o//er$ial o#eration' t)e

$al$ulation (ould 8e as 7ollo(s+

Annual 7ixed $)ares > N"M=N"; > A$tual /ont)l! PAF=

Nor/ati6e PAF

RIHAND


14/42

EXISTING TARIFF

FIXED COST DISTRI>TED >NIFORM?B

THRO>GHO>T THE BEAR0

FORM>?A6 (n *ACCn (n,1) * ACCn,1

INCENTIE GIEN SEPARATE?B 32 PS0

PER S SCHED>?ED

ENERGB CORRESPONDING TO SCHED>?ED

GENERATION IN EXCESS OF NORMATIE

DC0

RIHAND


15/42

NE< TARIFF

FIXED COST CEI?ING REMOED0

INCENTIE FORMED AS A PART OF

FIXED COST0

NO DEPENDENCE OF INCENTIE ON

SCHED>?E

RIHAND


16/42

NE< TARIFFFORM>?A FOR CA?C>?ATION OF FIXED COST6

(i) For generating stations in commercialoperation for more than ten (10) complete

years

(AFC x NDM / NDY) x (PAFM / NAPAF) (in Rs.)

(ii) For generating stations in commercialoperation for ten (10) complete years or less :

(AFC x NDM / NDY) x 0.5 (1.0 + PAFM /NAPAF) (in Rs.)

AFC = Annual fixed charge computed for theyear, in Rupees.

AFC = Annual fixed charge computed for theyear, in Rupees.NDM = Number of days in the month

NDY = Number of days in the financial year

NDM = Number of days in the month

NDY = Number of days in the financial yearNAPAF= Normative annual plant availabilityfactor

PAFM = Plant availability factor achieved during

NAPAF= Normative annual plant availabilityfactor

PAFM = Plant availability factor achieved during

RIHAND


17/42

NE< TARIFFFORM>?A FOR CA?C>?ATION OF FIXED COST6

Provided that in case the plant availabilityfactor achieved during a year (PAFY) is lessthan 70%, the total fixed charge for the yearshall be

restricted toAFC x (0.5 + 0.35/ NAPAF) x (PAFY /70) (in Rs.)

Where

PAFY = Plant availability factor achieved during

a year, in percent.

RIHAND


18/42

T.e PAFM an% PAFB !.a"" e #o$ute% in

a##or%an#e it. t.e +o""oin +oru"a6 N

18888 * J DCiK N * IC * (188,A>X )L 4

i 1"Ci A6erae de$lared $a#a$it! in ex-8us M3' 7or t)e i t) da!

o7 t)e #eriod i.e. t)e /ont) or t)e !ear as t)e $ase /a! 8e' as

$erti7ied 8! t)e $on$erned load dis#at$) $entre a7ter t)e da! is

o6er.

"Ci A6erae de$lared $a#a$it! in ex-8us M3' 7or t)e i t) da!

o7 t)e #eriod i.e. t)e /ont) or t)e !ear as t)e $ase /a! 8e' as

$erti7ied 8! t)e $on$erned load dis#at$) $entre a7ter t)e da! is

o6er.N Nu/8er o7 da!s durin t)e #eriod i.e. t)e /ont) or t)e !ear

as t)e $ase /a! 8e.

N Nu/8er o7 da!s durin t)e #eriod i.e. t)e /ont) or t)e !ear

as t)e $ase /a! 8e.

,C ,nstalled Ca#a$it! in M3 o7 t)e eneratin station,C ,nstalled Ca#a$it! in M3 o7 t)e eneratin station

A*@ Nor/ati6e auxiliar! ener! $onsu/#tion in #er$entae.A*@ Nor/ati6e auxiliar! ener! $onsu/#tion in #er$entae.

RIHAND


19/42

(:) In #a!e o+ +ue" !.ortae in a t.era"

eneratin !tation- t.e eneratin #o$any ay

$ro$o!e to %e"i/er a .i.er M< %urin $ea',"oa%

.our! y !a/in +ue" %urin o++,$ea' .our!0T.e #on#erne% ?oa% De!$at#. Centre ay t.en

!$e#i+y a $raati# %ay,a.ea% !#.e%u"e +or t.e

eneratin !tation to o$tia""y uti"ie it! Mn!#.e%u"e% Inter#.ane rate !.a""

e #a$$e% at :8@ $ai!e $er 'ICa$ RateQ) +or a"" eneratin !tation! u!in #oa" or

"inite or a! !u$$"ie% un%er A%ini!tere% Pri#e

Me#.ani! (APM) a! t.e +ue"- in #a!e .en a#tua"eneration i! .i.er or "oer t.an t.e !#.e%u"e%

eneration in t.e +requen#y rane eteen 2805 H

an% u$ to :903 H0Note+ T)e *ns$)eduled ,nter$)ane $)ares in$ludin

*, Ca# rate s)all 8e re6ie(ed 8! t)e Co//ission on

six-/ont)l! 8asis or earlier' and re6ised' i7 ne$essar!'

t)rou) se#arate orders 7ro/ ti/e to ti/e.

CERC *, Related Matters Reulation 2009

RIHAND

i it *, l d RIHAND


30/42

T)e under-in:e$tion o7 ele$tri$it! 7ro/ t)e s$)edule

8! a eneratin station or 8! a seller durin a ti/e-8lo$ s)all not ex$eed 12H o7 t)e s$)eduled in:e$tion

o7 su$) eneratin station or seller ()en 7reuen$! is

8elo( 49.% ' and DH on dail! areate 8asis.

,n addition to *, Rate $orres#ondin to 7reuen$! o7

49.2 ' as sti#ulated under reulation %' an Additional

*ns$)eduled ,nter$)ane C)are at t)e rate eui6alent

to 40H o7 t)e *, Rate $orres#ondin to 7reuen$! o749.2 s)all 8e a##li$a8le 7or o6er-dra(al or under-

in:e$tion o7 ele$tri$it! 7or ea$) ti/e-8lo$ ()en rid

7reuen$! is 8elo( 49.2 .

i/its on *, 6olu/e and

$onseuen$es o7 $rossin li/its

RIHAND

RIHAND


31/42

REA EEN FRE>ENCB FOR

RIHAND ?ANDED COST OF COA? 3888 R!ton

>I RATE FOR REAEEN 138 PSENCB 28013 H0

RIHAND

RIHAND


32/42

,MPORTANTAMEN"MENTS ,N

,N",AN

EECTR,C,T; 5R,"CO"E

RIHAND

RIHAND


33/42

3)ile t)e ,S5S (ould nor/all! 8e ex#e$ted to

enerate #o(er a$$ordin to t)e dail! s$)edules

ad6ised to t)e/' it (ould not 8e /andator! to

7ollo( t)e s$)edules ti)tl!. ,n line (it) t)e

7lexi8ilit! allo(ed to t)e States' t)e ,S5S /a! also

de6iate 7ro/ t)e i6en s$)edules de#endin on t)e#lant and s!ste/ $onditions. ,n #arti$ular' t)e!

(ould 8e allo(ed=en$ouraed to enerate 8e!ond

t)e i6en s$)edule under de7i$it $onditions.

"e6iations 7ro/ t)e ex-#o(er #lant enerations$)edules s)all' )o(e6er' 8e a##ro#riatel! #ri$ed

t)rou) t)e *, /e$)anis/.

RIHAND

RIHAND


34/42

Pro6ided t)at ()en t)e 7reuen$! is )i)er t)an %0.D

' t)e a$tual net in:e$tion s)all not ex$eed t)es$)eduled dis#at$) 7or t)at ti/e 8lo$. Also' ()ile t)e

7reuen$! is a8o6e %0.D ' t)e ,S5S /a! at t)eir

dis$retion 8a$ do(n (it)out (aitin 7or an ad6ise

7ro/ R"C to restri$t t)e 7reuen$! rise. 3)en t)e7reuen$! 7alls 8elo( 49.% ' t)e eneration at all

,S5S ex$e#t t)ose on #eain dut! s)all 8e

/axi/ied' at least u#to t)e le6el ()i$) $an 8e

sustained' (it)out (aitin 7or an ad6ise 7ro/ R"C.

RIHAND

RIHAND


35/42

o(e6er' not(it)standin t)e a8o6e' t)e

R"C /a! dire$t t)e S"Cs=,S5S=ot)erreional entities to in$rease=de$rease t)eir

dra(al=eneration in $ase o7 $ontinen$ies e..

o6erloadin o7 lines=trans7or/ers' a8nor/al6oltaes' t)reat to s!ste/ se$urit!. Su$)

dire$tions s)all i//ediatel! 8e a$ted u#on.

RIHAND

RIHAND


36/42

3)ile /ain or re6isin its de$laration

o7 $a#a8ilit!' t)e ,S5S s)all ensure t)att)e de$lared $a#a8ilit! durin #ea )ours

is not less t)an t)at durin ot)er )ours.

o(e6er' ex$e#tion to t)is rule s)all 8eallo(ed in $ase o7 tri##in=re-

s!n$)ronisation o7 units as a result o7

7or$ed outae o7 units.

RIHAND

RIHAND


37/42

T)e ,S5S s)all 8e reuired to de/onstrate t)e

de$lared $a#a8ilit! o7 its eneratin station asand ()en ased 8! t)e Reional oad "es#at$)

Centre o7 t)e reion in ()i$) t)e ,S5S is

situated. ,n t)e e6ent o7 t)e ,S5S 7ailin tode/onstrate t)e de$lared $a#a8ilit!' t)e

$a#a$it! $)ares due to t)e enerator s)all 8e

redu$ed as a /easure o7 #enalt!.

RIHAND

RIHAND


38/42

T)e ,S5S s)all 8e reuired to de/onstrate t)e

de$lared $a#a8ilit! o7 its eneratin station asand ()en ased 8! t)e Reional oad "es#at$)

Centre o7 t)e reion in ()i$) t)e ,S5S is

situated. ,n t)e e6ent o7 t)e ,S5S 7ailin tode/onstrate t)e de$lared $a#a8ilit!' t)e

$a#a$it! $)ares due to t)e enerator s)all 8e

redu$ed as a /easure o7 #enalt!.

RIHAND

RIHAND


39/42

3)ile 7inaliin t)e a8o6e dail! dis#at$)

s$)edules 7or t)e ,S5S' R"C s)all ensure t)att)e sa/e are o#erationall! reasona8le'

#arti$ularl! in ter/s o7 ra/#in-u#=ra/#in-

do(n rates and t)e ratio 8et(een /ini/u/ and/axi/u/ eneration le6els. A ra/#in rate o7

u#to 200 M3 #er )our s)ould enerall! 8e

a$$e#ta8le 7or an ,S5S and 7or a reional

$onstituent %0 M3 in NER' ex$e#t 7or )!dro-

ele$tri$ eneratin stations ()i$) /a! 8e a8le

to ra/# u#=ra/# do(n at a 7aster rate.

RIHAND

RIHAND


40/42

3)ile 7inaliin t)e a8o6e dail! dis#at$)

s$)edules 7or t)e ,S5S' R"C s)all ensure t)att)e sa/e are o#erationall! reasona8le'

#arti$ularl! in ter/s o7 ra/#in-u#=ra/#in-

do(n rates and t)e ratio 8et(een /ini/u/ and/axi/u/ eneration le6els. A ra/#in rate o7

u#to 200 M3 #er )our s)ould enerall! 8e

a$$e#ta8le 7or an ,S5S and 7or a reional

$onstituent %0 M3 in NER' ex$e#t 7or )!dro-

ele$tri$ eneratin stations ()i$) /a! 8e a8le

to ra/# u#=ra/# do(n at a 7aster rate.

RIHAND

RIHAND


41/42

Re6ision o7 de$lared $a#a8ilit! 8! t)e ,S5Ss ex$e#t

)!dro stations and reuisition 8! 8ene7i$iar!ies 7or

t)e re/ainin #eriod o7 t)e da! s)all also 8e #er/itted(it) ad6an$e noti$e. Re6ised s$)edules=de$lared

$a#a8ilit! in su$) $ases s)all 8e$o/e e77e$ti6e 7ro/ t)e

It) ti/e 8lo$' $ountin t)e ti/e 8lo$ in ()i$) t)e

reuest 7or re6ision )as 8een re$ei6ed in t)e R"C to8e t)e 7irst one. ,7' at an! #oint o7 ti/e' t)e R"C

o8ser6es t)at t)ere is need 7or re6ision o7 t)e s$)edules

in t)e interest o7 8etter s!ste/ o#eration' it /a! do so

on its o(n' and in su$) $ases' t)e re6ised s$)eduless)all 8e$o/e e77e$ti6e 7ro/ t)e 4t) ti/e 8lo$'

$ountin t)e ti/e 8lo$ in ()i$) t)e re6ised s$)edule is

issued 8! t)e R"C to 8e t)e 7irst one.

RIHAND

RIHAND

RIHAND


42/42

RIHANDRIHAND

tarrif comparision

Documents