Draft Himachal Pradesh Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024

Dec 02, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Himachal Pradesh on November 23, 2024, issued the Draft Himachal Pradesh Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024 to further amend the Himachal Pradesh Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024.

The following amendments have been stated:

In Regulation 10, in sub-regulation (1), for clause (ii), the following clauses shall be substituted, namely:-

 “ (ii) in case, for any day, the amount of deviation charges payable by various State Entities under Regulation 7 falls short of the total amount payable by SLDC for that day for the State as a whole as per the weekly bill(s) raised by NRLDC/NRPC, the amount payable for that day by the concerned State Entity(ies) shall be increased proportionately to cover-up such shortfall for that day.

 Explanation.—

(a) The proportionate increase on these lines shall be carried out on daily basis only i.e. separately for each day and separately for the charges under each of the said Regulations, even though the bills are otherwise to be raised on weekly basis.

(b)The adjustment shall be made based on the total amount payable for a day by each State Entity(ies) under Regulation 7 of these Regulations and shall, for the purpose of such adjustment, not be netted out with the amount receivable by that State Entity for that day.”.

• In Regulation 12, for sub-regulation (3), the following sub-regulation shall be substituted namely:-

“(3) All payments to the buyer/seller entitled to receive any amount as per the bill of charges issued by SLDC shall be made within four working days of the receipt of payments in the “State Deviation Pool Account” from State Entity (ies), or from NRPC constituents in case of negative bills, beyond which buyer/seller shall be entitled for simple interest @ 0.04% for each day of delay:

Provided that,—

(i) in case of delay in the payment of charges for Deviations into the State Deviation Pool Account and interest, if any, thereon, beyond eight days from the date of issuance of the Bill of charges, the buyer(s)/ seller(s) who have to receive payment for Deviation or interest there on shall be paid from the balance available, if any, in the State Deviation Pool Account. In case the balance available is not sufficient to meet the payment to such buyer(s)/ seller(s), the payment from the State Deviation Pool Account shall be made on pro rata basis from the balance available in the Fund referred to Regulation 15; and

(ii) the liabilities of the defaulting State Entities to pay interest for the delay in payments to “the State Deviation Pool Account” shall remain till interest is not paid; irrespective of the fact that buyer/seller who have to receive payments have been paid from the “State Deviation Pool Account” in part or full.”

The Draft Amendment Regulations are hereby published for the information of all the persons likely to be affected thereby; and notice is hereby given that the said Draft Amendment Regulations will be taken into consideration after the expiry of thirty (30) days from the date of publication of this Notification in the Rajpatra, Himachal Pradesh, together with any objections or suggestions which may within the aforesaid period be received in respect thereto.

[Notification No. HPERC-H(1)25/2021]


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