Maharashtra Electricity Regulatory Commission (Transaction of Business and Fees and Charges) (First Amendment) Regulations, 2024

Sep 17, 2024 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Industry Specific ComplianceThe Maharashtra Electricity Regulatory Commission (MHERC) on September 13, 2024, issued the Maharashtra Electricity Regulatory Commission (Transaction of Business and Fees and Charges) (First Amendment) Regulations, 2024, to further amend the Maharashtra Electricity Regulatory Commission (Transaction of Business and Fees and Charges) Regulations, 2022.

This shall come into force on September 13, 2024.

The following has been stated namely: -

• Regulation 2.1, Sr. No. 3 (ii) of the Schedule of Fees and Charges, stating “Annual Licence Fee” shall be amended as “(ii) Distribution Licence Fee - 0.1 percent of revenues, excluding taxes and duties, from the wheeling and sale of electricity (rounded off to the nearest one hundred rupees), subject to a minimum of Rs. 5,00,000/-.”

• The amendment shall be applicable from FY 2025-26 onwards.

[Notification no. - MERC/Legal/TB and F&CR/2024/0570]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT