The Karnataka Electricity Regulatory Commission (KERC) on April 25, 2024, issued the Draft Karnataka Electricity Regulatory Commission (Terms and Conditions for Determination of Generation Tariff) Regulations, 2024.
The following provisions have been stated:
• Sale of Infirm Power:
Supply of infirm power shall be in accordance with the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2022, amended from time to time, till such time separate Regulations are issued by the Commission.
Provided that any revenue earned by the generating company from the supply of infirm power after accounting for the fuel expenses shall be applied in adjusting the capital cost accordingly.
• Supply of Coal or Lignite prior to the Date of Commercial Operation of the Integrated Mine:
The input price for the supply of coal or lignite from the integrated mine(s) prior to their date of commercial operation shall be:
o In the case of coal, the estimated price available in the investment approval, or the notified price of Coal India Limited for the corresponding grade of coal supplied to the power sector, whichever is lower; and
o In the case of lignite, the estimated price available in the investment approval or the last available pooled lignite price as determined by the Commission for the transfer price of lignite, whichever is lower:
Provided that any revenue earned from the supply of coal or lignite before the date of commercial operation of the integrated mine(s) shall be applied in adjusting the capital cost of the said integrated mine(s).
The stakeholders are requested to submit their objections/suggestions/views on the proposed draft within 30 days from April 25, 2024, to the Secretary of the Commission at the following address - The Secretary, Karnataka Electricity Regulatory Commission, No 16, C-1, Miller Tank Bed Area, Vasanthanagar, Bengaluru-560052.
This notification will come into force from April 01, 2024, and unless reviewed earlier or extended by the Commission, shall remain in force up to March 31, 2029.
[Notification No KERC/S/2024/61]
