The Himachal Pradesh Electricity Regulatory Commission (HPERC) on February 23, 2024, issued the Draft Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Hydro Generation Tariff) Regulations, 2024.
The following provisions have been stated:
• Determination of Baseline
The baseline values (operating and cost parameters) for the base year of the control period shall be determined by the Commission and shall be based on the approved values by the Commission, the latest audited accounts, the estimate of the actuals for the relevant year, prudence check and other factors considered appropriate by the Commission. The Commission may re-determine the baseline values for the base year based on the actual audited accounts of the base year.
• Segregation of Accounts
The hydro-generating company shall maintain separate accounts and sub-balance sheets for each of its power plants:
Provided that the hydro generating company shall follow a reasonable basis for allocation of all joint and common costs between the existing projects, under execution projects and the other business and shall submit the Accounting Statements, as approved by its board of directors, to the Commission along with his application for determination of tariff:
Provided further that where the sum total of the direct and indirect costs of such other business exceeds the revenues from such other business or for any other reason, no amount shall be allowed to be added to the aggregate revenue requirement of the generating company on account of such other business.
The comments/suggestions/objections will be considered by the commission after the expiry of 30 days from February 23, 2024, and may be addressed to the Secretary, Himachal Pradesh Electricity Regulatory Commission, Vidyut Aayog Bhawan, Block-37, SDA Complex, Kasumpti-171009(HP).
[Notification No HPERC-F(1)-74/2024]
