Registered No. WB/SC-247 No. WB(Part-I)/2023/SAR-172 Kolkata Gazette 22444 Extraordinary Published by Authority PHALGUNA 22] MONDAY, MARCH 13, 2023 [SAKA 1944
No. 76/WBERC Dated: 13.03.2023
In exercise of the powers conferred by sub-section (1) and (2) of section 181 read with section 61 of the Electricity Act, 2003 (36 of 2003) and all powers enabling it on that behalf, the West Bengal Electricity Regulatory Commission (WBERC) hereby makes the following regulations to amend the West Bengal Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2011 along with subsequent amendments vide Notification no. 49/WBERC dated 27.08.2012 (hereinafter referred to as "First Amendment"), Notification no. 54/WBERC dated 30.07.2013 (hereinafter referred to as "Second Amendment") and Notification no. 65/WBERC dated 21.01.2020 (hereinafter referred to as "Third Amendment"), collectively termed as Principal Regulations.
These Regulations may be called the West Bengal Electricity Regulatory Commission (Terms and Conditions of Tariff) (Fourth Amendment) Regulations, 2023. These shall come into force on and from 01.04.2023.
(ii) These Regulations will be published in the Official Gazette.
(iii) Application received for Aggregate Revenue Requirement (ARR), Annual Performance Review (APR), Fuel Cost Adjustments (FCA), Fuel and Power Purchase Cost Adjustment (FPPCA) for the period prior to 01.04.2023 shall be governed by the regulations existing prior to the present Amendment.
After clause (xxvi) of regulation 1..1 of the Principal Regulations, the following clause shall be inserted:
"(xxvi)(A) 'Change in law' shall have the same meaning as defined under CERC Tariff Regulations;"
"(lv) 'Force Majeure' shall have the same meaning as defined under CERC Tariff Regulations;"
'PlanLo cor elatin herl tiati t hero o iv perens h sent out energy corresponding to scheduled generation during the period, expressed as a percentage of sent out
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
energy corresponding to installed capacity in that period and shall be computed in accordance with the following formula:
PLF = 10000 × ∑SGi/{N × IC x (100-AUXn)} %
Where,
Provided further that, where a generating station has contracted a part of its installed capacity with the beneficiary, PLF shall be computed based on such contracted capacity in place of the installed capacity.
After clause (cxv) of regulation 1.2.1 of the Principal Regulations, the following clause shall be inserted:
"(cxv)(A) 'Useful Life' in relation to component of a unit of a generating station, transmission system, distribution system and communication system from the date of commercial operation shall be as specified in Annexure A-II."
Regulation 2.5.5 of the Principal Regulations is substituted as follows:
2.5.5 Controllable and Uncontrollable Factors:
2.5.5.1 The "uncontrollable factors" shall comprise of the following factors which were beyond the control of, and could not be mitigated by the applicant:
2.5.5.2 The "Controllable Factors" shall include, but shall not be limited to the followings:
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
The approved gain or loss to the Generating Company or Licensee on account of uncontrollable factors shall be passed through, subject to prudent analysis, as an adjustment in the tariff of the Generating Company or Licensee, as specified in these Regulations and as may be determined in the Order of the Commission passed under these Regulations:
Provided that, the gain or loss on account of fuel cost shall be recovered on monthly basis by Generating company through Monthly Fuel Cost Adjustment (MFCA) formula specified under these Regulations:
Provided further that, the gain or loss on account of fuel and power purchase cost shall be recovered on monthly basis by Distribution Licensee through Monthly Variable Cost Adjustment (MVCA) formula specified under these Regulations.
The approved gain to the Generating Company or Licensee on account of controllable factors shall be dealt with in the following manner:
The approved loss to the Generating Company or Licensee on account of controllable factors shall be dealt with in the following manner:
Sub-clause (c) of clause (i) of regulation 2.6.5 of the Principal Regulations is substituted as follows:
(c) extent of gain/loss sharing specified in regulations 2.5.5.3 and 2.5.5.4 of these Regulations for the year under APR for the parameters which are not covered under FPPCA after taking into consideration of actual performance.
Sub-clause (c) of clause (ii) of regulation 2.6.5 of the Principal Regulations is substituted as follows:
(c) extent of gain/loss sharing specified in regulations 2.5.5.3 and 2.5.5.4 of these Regulations for the year under APR for the parameters which are not covered under FPPCA after taking into consideration of actual performance.
After clause (ii) of regulation 2.6.6 of the Principal Regulations, the following regulation shall be inserted:
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
Regulation 2.6.10 of the Principal Regulations stands deleted.
After regulation 2.8.5.3 of the Principal Regulations the following regulation shall be inserted :
"2.8.5.3(A) No interest during construction for any unit of a generating station shall be allowed to be capitalized for the period beyond the scheduled date of commercial operation (COD) as set out in the contract agreement of boiler and/or turbine-generator or the COD as per norms under Schedule-9C, whichever is earlier. However, if Commission considers it appropriate, then it can allow additional capitalization that arises out of force majeure events or extenuating circumstances. No interest during construction for any unit of a generating station whose order for construction has been placed before 15.10.2007 shall be allowed to be capitalized for the period beyond the scheduled date of commercial operation (COD) as set out in the contract agreement of boiler and/or turbine-generator or the COD as per norms under Schedule-9C, whichever is later. For common assets covering more than one unit of the generating station, it will be considered on the basis of proportional allocation to the installed capacity of the unit concerned with reference to the total installed capacity of the project under consideration. Such interest during construction, which has been disallowed to be capitalized, shall also not be allowed to be recovered subsequently through tariff in any form whatsoever."
Regulation 2.8.6.1 to 2.8.6.3 of the Principal Regulations is substituted as follows:
The operating norms of different operational parameters pertaining to the year 2023 - 24 to 2025-26, on the basis of which the annual revenue requirement of any generating station or licensee will be determined, have been laid down in Schedule-9A of these Regulations. For subsequent years the Commission shall notify the norms through suitable amendment of schedule-9A, as and when required:
Provided that, operating norms for the generating stations which are under constructions and not covered under Schedule-9A will be determined by the Commission considering the principles specified under schedule-9D of these Regulations:
Provided further that, in case of any Renovation & Modernization or Life Extension Programme of any existing generating station, the operating norms under Schedule -9A will be modified on the basis of submitted document(s) at the stage of investment approval.
Any gain or loss on account of variation in actual performance of operating parameters of a generating station or licensee with respect to the norms admitted in the tariff order shall be shared with the beneficiary in terms of regulations 2.5.5.3 and 2.5.5.4 of these Regulations:
Provided that sharing of gain or loss on each operating parameter of a generating station or licensee shall be assessed independently and separately:
Provided further that sharing of gain or loss shall be applicable for a generating station of a generating company or licensee only for that part of the installed capacity which is exclusively dedicated for supply of electricity to any consumer or licensee under the purview of the Commission.
In addition to the gains shared for better performance, the generating company or licensee shall also be entitled for incentives for improved performance according to the principles specified in Schedule-10 of these Regulations:
Provided that, incentives as per schedule-10 shall only be applicable for a generating station of a generating company or licensee for that part of installed capacity which is exclusively dedicated through PPA for supply of electricity to any licensee under the purview of the Commission:
PART I] THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 202
Provided that, for generating stations of generating company or licensee, incentives under schedule-10 are applicable subject to fulfilling the conditions specified under regulation 6.4.2 of these Regulations.
"Provided further that, notwithstanding anything to the contrary contained elsewhere in this regulations, investment approval of the Commission shall not be required where the project is entirely funded by the Government through grants."
Annual Consumption in Unit
"Contract Demand = No. of days in year × 24 × LF
Where LF is the annual average load factor of same category of consumers"
(g) Asset created out of any contribution made by consumers/users or through any grant shall not be considered for computation of loan capital, equity capital and depreciation under these Regulations.
"(ii) Any expenditure incurred on replacement, renovation and modernization or extension of life of old assets shall be considered after writing off the net value of such replaced asset from the original capital cost, and shall be computed as follows:
Net Value of Replaced Assets = OCRA - AD
Where;
OCRA = Original Capital Cost of Replaced Assets:
AD = Accumulated depreciation including AAD, if any, pertaining to the Replaced Assets
Provided that in case the original capital cost of the replaced asset is not available for reasons beyond the control of utility, it shall be considered by the Commission based on information and documents acceptable to the Commission:
Provided further that the amount of insurance proceeds received, if any, towards damage to any asset requiring its replacement shall be first adjusted towards outstanding actual or normative loan; and the balance amount, if any, shall be utilised to reduce the capital cost of such replaced asset, and any further balance amount shall be considered as Non-Tariff Income."
"5.2.9 In case of de-capitalisation of assets of generating company or licensee, as the case may be, the original cost of such asset as on the date of decapitalization shall be deducted from the value of gross fixed asset. Corresponding loan as well as equity shall be deducted from outstanding loan and the equity respectively in the year such de-capitalisation takes place with corresponding adjustments in cumulative depreciation and cumulative repayment of loan, duly taking into consideration the year in which it was capitalised."
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
Regulation 5.4.4 of the Principal Regulations is substituted as follows:
5.4.4 The debt and equity amount arrived at in accordance with the instant regulations shall be used for calculating interest on loan, and return on equity.
Regulation 5.5 of the Principal Regulations stands deleted.
Regulation 5.6.1.1 and 5.6.1.2 of the Principal Regulations is substituted as follows:
5.6.1.1 Return on equity for generating station of a Generating Company or a Distribution Licensee and transmission assets of a Transmission Licensee shall be computed on the equity capital determined in accordance with these Regulations at the rate of 14.00% per annum for all assets commissioned on and from 01.04.2024. For assets commissioned prior to 01.04.2024 return on equity shall continue at 15.50%. Such return on equity shall be calculated on the post-tax basis (without any penalty and interest levied for delayed payment of income tax) and actual income tax liability related to the core business only will be allowed separately on actual payment basis subject to final assessment duly certified by the statutory /tax auditor:
Provided that above normative rate of return is a ceiling rate and in case the Generating Company or Licensee claims Return on Equity at a rate lower than the normative rate specified above for any particular year, then such claim for lower Return on Equity shall be unconditional:
Provided further that rate of return of a new project shall be reduced by 1% for such period as may be decided by the Commission, if generating station or transmission system is found to be declared under commercial operation without commissioning of any of the Restricted Governor Mode Operation (RGMO) or Free Governor Mode Operation (FGMO), data telemetry, communication system upto load despatch center or protection system based on the report submitted by SLDC. However, this does not restrict the Commission to take any penal measure against the utility defaulting more than one year.
5.6.1.2 Return on equity for a distribution licensee for its distribution assets put in commercial operation on and from 01.04.2024 shall be computed on the equity capital determined in accordance with these Regulations at an applicable rate of 15.50%. Return on equity for distribution assets prior to 01.04.2024 shall continue at 16.50%. Such return on equity shall be calculated on the post-tax basis (without any penalty and interest levied for delayed payment of income tax) and actual income tax liability related to the core business only will be allowed separately on actual payment basis subject to final assessment duly certified by the statutory /tax auditor:
Provided that above normative rate of return is a ceiling rate and in case the Licensee claims Return on Equity at a rate lower than the normative rate specified above for any particular year, then such claim for lower Return on Equity shall be unconditional.
Regulation 5.6.1.4 of the Principal Regulations stands deleted.
Regulation 5.6.2 of the Principal Regulations is substituted as follows:
5.6.2 Depreciation:
The Generating Company and/or Licensee shall be permitted to recover depreciation on the value of fixed assets used in their respective businesses, computed in the following manner:
The approved original cost of the fixed asset, including approved additional capitalization, if any, shall be the value base for calculation of depreciation:
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
Provided that where capitalization of part or full assets has been done but the final approval of the project under regulation 2.8.5 is yet to done, depreciation will be allowed up to 95% of the capitalized value as reflected in the audited accounts, limited to a ceiling of investment approval. After final project cost approval depreciation will be trued-up accordingly:
Provided further that for the small assets, which are not covered under the approval mechanism specified in regulation 2.8.5 of these Regulations, the original cost of assets as reflected in the audited accounts of the Generating Company or Licensee shall be considered by the Commission subject to prudent analysis. Generating Company or Licensee shall categorically mention such details in their tariff as well as APR applications:
Provided also that depreciation shall be allowed on the entire capitalized amount after reducing the approved original cost of the retired or replaced or de-capitalized assets.
(ii) The depreciation shall be calculated annually, based on straight line method at the rates prescribed in the Annexure - A(I) to these Regulations:
Provided that the Generating Company or Licensee shall ensure that once the individual asset is depreciated to the extent of 70%, remaining depreciable value as on 31st March of the year closing shall be spread over the balance useful life of the asset including the extended life, if any, allowed under renovation & modernization:
Provided further that in case a Generating Company or a Licensee is unable to identify individual asset specific depreciation for older assets, then the Generating Company or Licensee may consider assets up to 31 March 2022, or some earlier date, as a block of assets of specific category for the purpose of ensuring that after 70% depreciation has been arrived the balance depreciable value shall be spread over balance useful life. For this purpose, total depreciable value will be considered based on cumulative depreciation and AAD allowed by the Commission and the Generating Company or Licensees have to maintain separate fixed asset register for such old assets:
Provided further that, in case of any life extension programme taken up with approval of the Commission after the cut off date, depreciation on the additional capex incurred and duly capitalised will be charged uniformly over the balance useful life of such assets as extended:
Provided further that, Generating Company or Licensees have to submit a summary of their asset register duly certified by statutory auditor as per the format specified under Annexure-10 along with their tariff as well as APR petition.
(ii) The salvage value of the asset shall be considered at 10% of the allowable capital cost and depreciation shall be allowed up to a maximum of 90% of the allowable capital cost of the Asset.
(iv) Freehold land is not a depreciable asset and its cost shall be excluded from the capital cost while computing depreciable value of the assets.
(v) In case of existing assets, the balance depreciable value as on 1st April shall be worked out by deducting the cumulative depreciation as admitted by the Commission up to 31st March of the previous year, from the gross depreciable value of the assets.
(vi) Depreciation shall be chargeable from the first year of operation. In case of operation of the asset for part of the year, depreciation shall be charged on prorate basis. However, during tariff determination depreciation for ensuing years shall be computed based on average of opening and closing value of assets.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
(vii) Depreciation shall be re-computed for assets capitalised at the time of Annual Performance Review based on Audited Accounts and documentary evidence of assets capitalised by the Petitioner, subject to the prudent analysis by the Commission.
Regulation 5.6.3 of the Principal Regulations stands deleted.
Regulation 5.6.4.1 of the Principal Regulations is substituted as follows:
"5.6.4.1 Financing costs comprise of:
5.6.4.2 Interest on and charges relating to capital loan will be allowed by the Commission as under:
The actual loan and/or normative loan, if any, allowed in terms of regulation 5.4 of these Regulations, for the assets put to use shall be considered as gross normative loan for calculation of interest on loan under these Regulations:
Provided that in case of retirement or replacement or de-capitalisation of assets, the loan capital approved as above shall be reduced to the extent of outstanding loan component of original cost of such assets based on documentary evidence.
(ii) The normative loan outstanding as on 1st April of any financial year shall be worked out by deducting the cumulative repayment as admitted by the Commission up to 31st March of the previous year from the gross normative loan:
Provided that outstanding loan as on 01.04.2022 shall be considered as admitted loan corresponding to the assets capitalised deducted by cumulative depreciation and AAD approved by the Commission. Petitioner has to furnish details of their claim with the tariff and APR petition separately.
(ii) The repayment during each year of the control period shall be deemed to be equal to the depreciation allowed for that year.
(iv) Notwithstanding any moratorium period availed of by generating company or licensee, the normative repayment of loan shall be considered from the first year of commercial operation of the asset.
(v) The rate of interest shall be the weighted average rate of interest computed on the basis of actual capital loan portfolio at the beginning of each year of the control period, in accordance with terms and conditions of relevant loan agreements, or bonds or non-convertible debentures subject to prudent analysis:
Provided that at the time of Truing-up, the weighted average rate of interest computed on the basis of the actual loan portfolio during the concerned year shall be considered as the rate of interest:
Provided that if no actual loan is outstanding but normative loan is still outstanding, the last available weighted average rate of interest shall be applicable.
(vi) The interest on loan shall be computed on the normative average loan of the year by applying the weighted average rate of interest:
Provided that at the time of Annual Performance Review, the normative average loan of the concerned year shall be considered on the basis of the actual asset capitalisation approved by the Commission:
Provided further that capital cost funded by consumer contribution, deposit works, grant or capital subsidy shall not be considered for computation of interest on loan.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
(vii) The finance charges incurred for obtaining capital loans from financial institutions and any amount claimed towards foreign exchange rate variation (FERV) for any Year shall be allowed by the Commission at the time of Truing-up, subject to prudent analysis. The Hedging Policy of the company should also be submitted along with the claim on account of FERV.
(viii) The generating company or licensee, as the case may be, shall provide project-wise and utilization-wise details of all of the pending loans along with its APR petition.
(ix) The generating company or licensee, as the case may be, shall make every effort to refinance the loan as long as it results in net savings in interest cost. In that event the cost associated with such refinancing shall be eligible to be passed through in tariffs and the net-saving shall be shared in the ratio of 50:50 between the entity and the beneficiaries. Provided that generating company or the licensee, as the case may be, shall justify the costs associated with such re-financing.
(In case of coal based generating stations, working capital shall cover:
Provided that in case of own generating station of any licensee, no amount shall be allowed towards receivables, to the extent of supply of power by the generation business to the distribution business, in computation of working capital in accordance with these Regulations:
Provided that in case of own generating station of any licensee, the working capital requirement shall be further adjusted with the balance amount of cash security deposit, if any, held by the licensee after meeting the working capital requirement of its distribution business:
Provided further that for the purpose of Truing-up, the working capital shall be computed based on the scheduled generation or targeted availability of generating Station, whichever is lower:
Provided also that for the purpose of Truing up, the working capital shall be computed based on the actual average stock of coal or lignite and limestone or normative stock of coal or lignite and limestone of the generating Station, whichever is lower:
Provided also that for the purpose of Truing-up for any year, the working capital requirement shall be re-computed on the basis of the values of revised normative Operation & Maintenance expenses and actual Revenue from sale of electricity excluding incentive, if any, and other components of working capital approved by the Commission in the Truing-up before sharing of gains and losses;
In case of hydro generating stations and pumped storage projects, working capital shall cover:
Provided that in case of own generating stations of any licensee, no amount shall be allowed towards receivables, to the extent of supply of power by the Generation Business to the Distribution Business, in the computation of working capital in accordance with these Regulations:
Provided that in case of own generating station of any licensee, the working capital requirement shall be further adjusted with the balance amount of cash security deposit, if any, held with the licensee after meeting the working capital requirement of its distribution business:
Provided further that for the purpose of truing up for any year, the working capital requirement shall be re-calculated on the basis of the values of components of working capital approved by the Commission in the truing up before sharing of gains and losses.
Interest on working capital shall be allowed at a rate equal to the MCLR or any redefined term thereof by SBI from time to time being in effect applicable for one-year period, as prevalent on 1st April of the financial year in which the Petition is filed plus 250 basis points:
Provided that for the purpose of truing up for any year, interest on working capital shall be allowed at a rate equal to the MCLR or any redefined term thereof by SBI from time to time being in effect applicable for one-year period, as on 1st April of the respective financial year plus 250 basis points.
The working capital requirement of the Transmission Licensee shall cover:
Provided that for the purpose of truing up for any year, the working capital requirement shall be re-computed on the basis of the values of components of working capital approved by the Commission in the truing up before sharing of gains and losses.
Interest on working capital shall be allowed at a rate equal to the MCLR or any redefined term thereof by SBI from time to time being in effect applicable for one-year period, as prevalent on 1st April of the financial year in which the Petition is filed plus 250 basis points:
Provided that at the time of truing up for any year, interest on working capital shall be allowed at a rate equal to the MCLR or any redefined term thereof by SBI from time to time being in effect applicable for one-year period, as on 1st April of the respective financial year plus 250 basis points.
The working capital requirement of the Distribution Business shall cover:
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
Any cash security deposit from consumers held with distribution licensee shall first be used to meet working capital requirement of its distribution business. Balance amount of cash security deposit, if any, will then be utilized to meet working capital requirement for its own generating station:
Provided that if there is any balance cash security deposit held with licensee after meeting the working capital requirement of its distribution business and own generating station(s), interest on such amount will be considered as non-tariff income and to be shown separately:
Provided further that for the purpose of truing up for any year, the working capital requirement shall be re-computed on the basis of the values of components of working capital approved by the Commission in the truing up before sharing of gains and losses.
Interest on working capital shall be allowed at a rate equal to the MCLR or any redefined term thereof by SBI from time to time being in effect applicable for one-year period, as prevalent on 1st April of the financial year in which the Petition is filed plus 250 basis points:
Provided that at the time of truing up for any year, interest on working capital shall be allowed at a rate equal to the MCLR or any redefined term thereof by SBI from time to time being in effect applicable for one-year period, as on 1st April of the respective financial year plus 250 basis points.
In addition to interest on working capital, the licensee shall be allowed interest on cash security deposit taken by it at the rate in terms of the West Bengal Electricity Regulatory Commission (Miscellaneous Provisions) Regulations 2013 on actual basis.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023 [PART I
5.7.2.1 O&M expenses for generating station shall be computed based on the installed capacity considering the norms specified in Schedule-9A of these Regulations. Any gain /loss on account of O&M expenditure will be shared as per regulation 2.5.5.4 of these Regulations during Annual Performance Review.
5.7.2.2 Water charges for thermal generating stations and statutory fees / charges, excluding any penal charges, payable by the generating stations shall be allowed separately: Provided that water charges shall be allowed based on water consumption depending upon type of plant and type of cooling water system, subject to prudent analysis. The details regarding the same shall be furnished along with the petition for tariff and FPPCA.
5.7.3.1 O&M expenses for transmission system shall be computed based on the transmission line length and number of Bays in the sub-station considering the norms specified in Schedule-9A of these Regulations. Any gain /loss on account of O&M expenditure will be shared as per regulation 2.5.5.4 of these Regulations during Annual Performance Review.
5.7.3.2 For the purpose of applying normative O&M expenses under regulation 5.7.3.1 of these Regulations, a 'Bay' shall mean a set of accessories that are required to connect an electrical equipment such as Transmission Line, Bus Section Breakers, Potential Transformers, Power Transformers, Capacitors and Transfer Breaker and the feeders emanating from the bus at sub-Station of Transmission Licensee. Further, the Bays referred to above shall include only the Bays at the Transmission substation and shall exclude any Bays of the Generating Station switchyard whose maintenance is the responsibility of the Generating Company: Provided that for computing the allowable O&M expenses for any year, 50 per cent of the transmission lines and number of Bays added during the Year shall also be considered: Provided further that at the time of APR, the allowable O&M expenses for any year shall be based on the norms for O&M expenses specified by the Commission in these Regulations and documentary evidence of assets capitalised by the Petitioner, subject to the prudent analysis by the Commission: Provided also that the number of Bays considered for allowing O&M expenses shall exclude the unutilized Bays.
5.7.3.3 Any statutory charges and fees payable by the Transmission licensee, except any penal charges are to be allowed separately, subject to prudent check by the Commission. Licensee shall furnish details of such payable statutory charges and/or fees in its petition.
5.7.4.1 O&M expenses for Distribution Business of a licensee shall comprise of Repair & Maintenance expenses and Administrative & General expenses. Any gain /loss on account of total O&M expenditure will be shared as per regulation 2.5.5.4 of these Regulations during Annual Performance Review.
(iRepair & Maintenance Expenses Repair & Maintenance Expenses shall include expenses towards repair and maintenance of line, sub-stations, building, etc. including consumption of spares, as the case may be. Repair & Maintenance expenses shall be computed as a percentage of Gross Fixed Asset (GFA) following the norms specified in Schedule-9A of these Regulations: Provided that, for computing the allowable Repair & Maintenance expenses for any year, 50 per cent of the Fixed Assets added during the Year shall also be considered:
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
Provided further that at the time of APR, the allowable Repair & Maintenance expenses for any Year shall be based on the percentage norms specified in the Schedule-9A and the admissible GFA:
Provided also that fixed asset retired/de-capitalised or unutilized/not-in-use shall be deducted for arriving at the applicable GFA for computing the O&M expense. Distribution licensee shall furnish such details along with its petition for tariff and APR.
Administrative & General Expense shall include all expenditure incidental to run the distribution business, excluding those are covered under repair & maintenance. A&G expenses for base year shall be computed considering the average of last 5 years, preceding to base year, trued up figures duly normalized after applying hybrid inflation index considering 60% wholesale price index (WPl) and 40% consumer price index (CPI) notified by the Government of India. To compute the A&G expenses for the ensuing years of the control period, derived figure for base year will be escalated by average hybrid index of last 5 years as per the following formula:
A&Gn = A&Gb × (1 + HI inflation) + Provision
Where:
Provided that, where trued up value for any of the last 5 years, immediately preceding to base year, are not available, value of A&Gb will be derived from approved ARR of such year. During APR of the ensuing year, the A&Gb value shall be recomputed based on the trued-up value of last 5 years.
5.7.4.2 In addition to the above R&M and A&G expenses, distribution licensee may propose for any specific expenditure under OPEX model through detailed justification and cost benefit analysis in its tariff petition. Such expenditure may be allowed by the Commission based on prudent analysis. During APR, licensee shall also submit details of such expenditure and cost-benefit analysis supported by certificate from the statutory auditor:
Provided that, if such expenditure is planned after issuance of tariff order, licensee shall take approval of such plan from the Commission before incurring such expenditure. Such expenditure, if approved, shall be considered during APR.
Clause (1) and (2) of regulation 5.8.6 of the Principal Regulations are substituted as follows:
Where the generating company or a licensee has the arrangement for supply of coal from the integrated mines allocated, or in one or more generating stations, the energy component of tariff of the generating station shall be determined based on the input price of coal from such integrated mines determined by the Commission following the principles and methodology specified.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023 [PART I]
by CERC in its regulations. The generating company or the licensee shall file an application for determination of input price of coal or lignite from the integrated mine(s) not later than 60 days from the date of commercial operation of such integrated mine(s) or from the date of notification of these Regulations, whichever is later. The generating company or the licensee shall submit all information and documents in the formats as specified in CERC regulations.
(Till the input price of coal from allocated mine is determined by the Commission, generating company / licensee shall adopt the notified price of Coal India Limited commensurate with the grade of the coal from the integrated mine(s) or the estimated price available in the investment approval, whichever is lower, as the input price of coal for the generating station: Provided that any over-recovery or under recovery considering revenue earned after date of commercial operation and finalization of input price of coal by the Commission shall be considered separately under the APR petition of the generator/licensee, as the case may be: Provided further that any revenue earned from supply of coal or lignite prior to the date of commercial operation of the integrated mine(s) shall be applied in adjusting the capital cost of the said integrated mine(s)."
Regulation 5.14.3 of the Principal Regulations stands deleted.
Clause (iv) of regulation 5.15.1 of the Principal Regulations shall be substituted as follow: (iv) Any investment made in creation of new asset in electricity business of the generating company, or licensee out of one-time proceeds accruing to the licensee or generating company from sale of its assets will be treated considering normative debt: equity ratio of 70:30. The book value of the asset sold will be deducted from the asset valuation along with deletion of the equity invested in the sold asset from the equity base. Depreciation as per regulation 5.6.2 will be considered on such assets."
Clause (iii) of regulation 5.15.2 of the Principal Regulations stands deleted.
The phrase "Advance Against Depreciation" or "AAD" in the Principal Regulations stands deleted.
Regulation 5.22 of the Principal Regulations stands deleted.
Regulation 5.23 of the Principal Regulations stands deleted.
The phrases "Unscheduled Interchange" and "UI" used in the Principal Regulations is redefined with the phrases "Deviation Settlement" and "DS" respectively.
Regulations 6.1.2 and 6.1.3 stands deleted.
Regulation 6.4.2 of the Principal Regulations is substituted as follows: "6.4.2 The recovery of capacity charges for all the generating stations of the generating company and licensees shall be against the normative availability certified by SLDC, unless specifically allowed otherwise by the Commission, and computed under regulation 6.11 of these Regulations. The generating station or the ALDC, in case of licensee's generating station, shall submit the availability schedule for each 15 minutes time block to the SLDC for recording and subsequent demonstration of their declared capacity as mentioned in regulation 6.7 of these Regulations. The licensees/ generating companies shall also provide on-line monitoring display arrangement of generation/sent-out of the generating stations along with dedicated voice communication at SLDC to meet the need of regulation 6.7 of these Regulations. For generating stations of licensee, the full capacity charge will be recovered at the targeted availability factor as per Schedule — 9A. It will also be entitled to incentive for better plant load factor as per Schedule — 10. While submitting the availability schedule by the ALDC of any licensee for the generating stations of the licensee to the SLDC, ALDC shall also provide the schedule of injection by those generating stations. For subsequent revision in availability schedule and/or
PART I] THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
injection schedule for such generating stations of the licensee, the ALDC of the licensee shall follow the methodology as applicable for generating stations of generating companies to submit such revised schedule to the SLDC:
Provided that capacity charge recovery of the generating stations, that have not yet been covered by on-line monitoring display arrangement at SLDC along with dedicated audio communication, shall be done on the basis of normative PLF as per Schedule - 9A or as per Schedule - 9D of these Regulations and such generating stations shall not be entitled to any incentive under Schedule-10 of these Regulations.
"6.5 Deviation settlement charges:
Any variation of actual injection and actual drawal with scheduled injection and scheduled drawal shall be accounted for through Deviation Settlement Charges (DS charges). DS charge shall be determined in accordance with the principles and procedure notified under West Bengal Electricity Regulatory Commission (Deviation Settlement Mechanism and related matters) Regulations, 2021 and/or subsequent amended thereof or any replacement of such regulation in future."
"6.11.4 The fixed cost of a thermal generating station under ABT shall be computed on annual basis, based on norms specified under these Regulations, and recovered on monthly basis under capacity charge. The total capacity charge payable for a generating station shall be shared by its beneficiaries as per their respective percentage share or allocation in the capacity of the generating station. The capacity charge shall be recovered under two segments of the year, i.e. High Demand Season (period of three months) and Low Demand Season (period of remaining nine months), and within each season in two parts viz., Capacity Charge for Peak Hours of the month and Capacity Charge for Off-Peak Hours of the month as follows:
Capacity Charge for the Year (CCy) = Sum of Capacity Charge for three months of High Demand Season + Sum of Capacity Charge for nine months of Low Demand Season.
The Capacity Charge payable to a thermal generating station for a calendar month shall be calculated in accordance with the following formulae:
Capacity Charge for the Month (CCm) = Capacity Charge for Peak Hours of the Month (CCp) + Capacity Charge for Off-Peak Hours of the Month (CCop).
Where,
High Demand Season:
CC= (0.20 × AFC) × (1/12) × (PAFM1 / NAPAF) subject to ceiling of (0.20 × AFC) × (1/12)
CC2= (0.20 × AFC) × (1/6) × (PAFM 2/NAPAF) subject to ceiling of {(0.20 × AFC) × (1/6) − CCp1}
CC= (0.20 × AFC) × (1/4) x (PAFM3/NAPAF) subject to ceiling of {(0.20 × AFC) × (1/4) - (CC1 + CCp2)}
CCp1 = (0.80 × AFC) × (1/12) × (PAFMpl/ NAPAF) subject to ceiling of (0.80 × AFC) × (1/12)
CCp2= (0.80 × AFC) × (1/6) × (PAFMop2/NAPAF) subject to ceiling of {(0.80 × AFC) × (1/6) CCop1}
CCp3= (0.80 × AFC) × (1/4) × (PAFM/NAPAF) subject to ceiling of {(0.80 × AFC) /4) (CCop1 + CCop2}
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
CC= (0.20 × AFC) × (1/12) × (PAFM/NAPAF) subject to ceiling of (0.20 × AFC) × (1/12)
CC2= (0.20 × AFC) × (1/6) × (PAFM2/NAPAF) subject to ceiling of {(0.20 × AFC) × (1/6) - CCp1}
CC= (0.20 × AFC) × (1/4) × (PAFM3/NAPAF) subject to ceiling of {(0.20 × AFC) × (1/4) - (CC1 + CCp2)}
CC= (0.20 × AFC) × (1/3) × (PAFM/NAPAF) subject to ceiling of {(0.20 × AFC) × (1/3) − (CC1 + CCp2 + CCp3)}
CC5= (0.20 × AFC) × (5/12) × (PAFMs/ NAPAF) subject to ceiling of {(0.20 × AFC) × (5/12) - (CC1 + CC2 + CC3 + CCp4)}
CC6= (0.20 × AFC) × (1/2) × (PAFMp6/ NAPAF) subject to ceiling of {(0.20 × AFC) × (1/2) − (CCp1 + CCp2 + CCp3 + CCp4 + CCp)}
CCp= (0.20 × AFC) × (7/12) × (PAFM,/ NAPAF) subject to ceiling of {(0.20 × AFC) × (7/12) − (CC1 + CC2 + CC + CC4 + CC5 + CCp)}
CC8= (0.20 × AFC) × (2/3) × (PAFM / NAPAF) subject to ceiling of {(0.20 × AFC) × (2/3) - (CCp1 + CCp2 + CC3 + CCp4 + CCp + CCp6 + CCp)}
CCθ= (0.20 × AFC) × (3/4) × (PAFM / NAPAF) subject to ceiling of {(0.20 × AFC) × (3/4) - (CC1 + CCp2 + CC3 + CC4 + CC5 + CCp6 + CC + CCps)}
CCp1= (0.80 × AFC) × (1/12) × (PAFMp1/ NAPAF) subject to ceiling of (0.80 × AFC) × (1/12)
CC2= (0.80 × AFC) × (1/6) × (PAFM2 /NAPAF) subject to ceiling of {0.80 × AFC) × (1/6) - CCop}
CCp3= (0.80 × AFC) × (1/4) × (PAFM /NAPAF) subject to ceiling of {(0.80 × AFC) × (1/4) - (CCop1 + CCop2)}
CC= (0.80 × AFC) × (1/3) × (PAFM4 / NAPAF) subject to ceiling of {(0.80 × AFC) × (1/3) - (CCp1 + CCop2 + CCop3)}
CCps= (0.80 × AFC) × (5/12) × (PAFMs /NAPAF) subject to ceiling of {(0.80 × AFC) × (5/12) - (CCop1 + CCop2 + CCop3 + CCop4)}
CCp= (0.80 × AFC) × (1/) (PAFM NAPpAF) subject to ceiling of (0.0 × AFC (1/) - (CCop1 + CCop2 + CCop3 + CCop4 + CCops)}
CC= (0.80 × AFC) × (7/12) × (PAFM/NAPAF) subject to ceiling of {(0.80 × AFC) × (7/12) - (CCop1 + CCop2 + CCop3 + CCop4 + CCop5 + CCop6)}
CC8= (0.80 × AFC) × (2/3) × (PAFM /NAPAF) subject to ceiling of {(0.80 × AFC) × (2/3) - (CCop1 + CCop2 + CCop3 + CCop4 + CCop5 + CCop6 + CCop7)}
CC= (0.80 × AFC) × (3/4) × (PAFM /NAPAF) subject to ceiling of (0.80 × AFC) × (3/4) - (CCop1 + CCop2 + CCop3 + CCop4 + CCop5 + CCop6 + CCop7 + CCop8)}
Provided that in case of generating station or unit thereof under shutdown due to Renovation and Modernisation, the generating company shall be allowed to recover employee expenses and interest on loan only.
Where,
CCm = Capacity Charge for the Month;
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
CCp = Capacity Charge for the Peak Hours of the Month;
CCop = Capacity Charge for the Off-Peak Hours of the Month;
CCpn = Capacity Charge for the Peak Hours of nth Month in a specific Season;
CCopn = Capacity Charge for the Off-Peak of nth Month in a specific Season;
AFC = Annual Fixed Cost;
PAFMpn = Plant Availability Factor achieved during Peak Hours up to the end of nth Month in a Season;
PAFMopn = Plant Availability Factor achieved during Off-Peak Hours up to the end of nth Month in a Season;
NAPAF = Normative Annual Plant Availability Factor.
Normative Plant Availability Factor for "Peak" and "Off-Peak" Hours in a month shall be equivalent to the NAPAF specified in Schedule -9A of these Regulations. The number of hours of "Peak" and "Off-Peak" periods during a day shall be four hours and twenty hours respectively. The hours of Peak and Off-Peak periods during a day shall be declared by the SLDC at least a week in advance.
The High Demand Season (period of three months, consecutive or otherwise) and Low Demand Season (period of remaining nine months, consecutive or otherwise) in the State shall be declared by the SLDC, at least six months in advance:
Provided that SLDC, after duly considering the comments of the concerned stakeholders, shall declare Peak Hours and High Demand Season in such a way so as to coincide with the majority of the Peak Hours and High Demand Season of the state to the maximum extent possible:
Provided further that, for the year 2023-24, the high demand season and low demand season as declared by ERLDC shall be followed, unless SLDC declares a separate high and low demand season for the year.
Any under-recovery or over-recovery of Capacity Charge as a result of under achievement or over-achievement, vis-à-vis the NAPAF in Peak and Off-Peak Hours of a Season (High Demand Season or Low Demand Season, as the case may be) shall not be adjusted with under-achievement or over-achievement, vis-à-vis the NAPAF in Peak and Off-Peak Hours of the other Season:
Provided that within a Season, the shortfall in recovery of Capacity Charge for cumulative Off-Peak Hours derived based on NAPAF, shall be allowed to be off-set by over-achievement of PAF, if any, and consequent notional over-recovery of Capacity Charge for cumulative Peak Hours in that Season:
Provided further that within a Season, the shortfall in recovery of Capacity Charge for cumulative Peak Hours derived based on NAPAF, shall not be allowed to be off-set by over-achievement of PAF, if any, and consequent notional over-recovery of Capacity Charge for cumulative Off-Peak Hours in that Season.
The Plant Availability Factor achieved for a Month (PAFM) shall be computed in accordance with the following formula:
PAFM or PAFY = 10000 x ∑ DC / { N x IC × (100 - AUX)}%
Where,
AUX = Normative auxiliary energy consumption in percentage.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
DC = Average declared capacity (in ex-bus MW) for the ith day of the period i.e. the month or the year as the case may be, as certified by the concerned load dispatch centre after the day is over.
IC = Installed Capacity (in MW) of the generating station.
N = Number of days during the period.
Note: DCi shall be equal to the implemented schedule based on actual availability after considering regulation 6.7 of these Regulations. DC and IC shall exclude the capacity of generating units not declared under commercial operation. In case of a change in IC during the concerned period, its average value shall be taken.
Where a generating station has contracted a part of its installed capacity with the beneficiary, PLF shall be computed based on such contracted capacity in place of the installed capacity.
At the end of regulation 6.11.6 of the Principal Regulations, the following sentences shall be inserted:
"The licensee in its petition for Annual Performance Review shall submit the computations for admissible annual capacity charge for its own generating station by following the same principle as specified in regulation 6.11.4 and/or 6.11.5 and admissible incentive as per Schedule-10 of these Regulations. Licensee shall submit the availability certificate and PLF certificate issued by the SLDC."
Regulation 6.13 of the Principal Regulations stands deleted.
Regulations 6.14.1 to 6.14.4 of the Principal Regulations stands deleted.
Regulation 6.17.4 of the Principal Regulations is substituted as follows:
"6.17.4 Late payment surcharge:
In case the payment of any bill for charges payable under these Regulations is delayed by a beneficiary beyond the due date of payment, a late payment surcharge at the rate of 1.25% per month on the billed amount or prorated for part thereof shall be levied by the generating company or the transmission licensee for the defaulted period reckoning from the due date:
Provided that the due date of payment shall be in accordance with the Power Purchase Agreement, Power Supply Agreement or Transmission Service Agreement, as the case may be, and if not specified in the agreement it shall be 45 days from the date of presentation of bill by such generating company or transmission licensee."
After clause (ii) of paragraph 8.1 of Schedule -1 of the Principal Regulations, the following proviso shall be inserted:
"Provided that in case of supply of coal from the integrated mine(s), the landed cost of primary fuel shall be based on the input price of coal, as the case may be, as computed in accordance with these Regulations."
The phrase "Depreciation, including advance against depreciation, and amortization of intangible assets" under serial no (d) of paragraph 3.1 of Schedule -3, serial no (d) of paragraph 2.1 of Schedule-4 and serial no (d) of paragraph 2.1 of Schedule -5 shall be substituted as "Depreciation and amortization of intangible assets:"
The items under serial no (ea) and (h) of paragraph 3.1 of Schedule-3 stand deleted.
The items under serial no (ea) and (h) of paragraph 2.1 of Schedule-4 stand deleted.
The items under serial no (f) and (j) of paragraph 2.1 of Schedule-5 stand deleted.
PART I] THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Name of the Generating Station | Unit Size | SHR (Kcal/kwh) | PLF (%) | PAF (%) | AEC (%) | Secondary Fuel Oil consumption (ml/kWh) | Man/MW ratio | Transit and handling loss of coal (%) | |
|---|---|---|---|---|---|---|---|---|---|
| CESC: | Budge Budge TPS | 3×250 MW | 2470 | 80 | 85 | 9.00 | 1.30 | 1.58 | 0.75 |
| Southern TPS | 2×67.5MW | 2900 | 80 | 85 | 9.00 | 2.10 | 3.50 | 0.75 | |
| WBPDCL: | Bakreswar TPS | 5×210 MW | 2470 | 80 | 85 | 9.00 | 1.30 | 1.60 | 0.50 |
| Kolaghat TPS (Unit III to VI) | 4×210 MW | 2700 | 70 | 75 | 9.60 | 2.00 | 2.00 | 0.80 | |
| Bandel TPS (Unit-I) | 1×60 MW | 3050 | 65 | 70 | 10.40 | 2.50 | 4.80 | 0.80 | |
| Bandel TPS (Unit V) | 1×215 MW | 2430 | 80 | 85 | 9.00 | 1.75 | 1.95 | 0.80 | |
| Santaldih TPS (Unit V & VI) | 2×250 MW | 2425 | 80 | 85 | 9.00 | 1.00 | 2.45 | 0.80 | |
| Sagardighi TPS (Unit I & II) | 2×300 MW | 2345 | 80 | 85 | 9.00 | 1.00 | 1.35 | 0.80 | |
| Sagardighi TPS (Unit III & IV) | 2×500 MW | 2424 | 80 | 85 | 9.00 | 1.00 | 1.35 | 0.80 | |
| DPL: | Unit-VII | 1×300 MW | 2345 | 80 | 85 | 8.5 | 1.00 | 1.20 | 0.50 |
| Unit-VIII | 1×250 MW | 2425 | 80 | 85 | 9.0 | 1.00 | 1.20 | 0.50 | |
| IPCL: | Dishergarh TPS (New) | 1×12 MW | 3300 | 80 | 85 | 10.00 | 0 | 3.50 | 0.30 |
| Hiranmaye Energy Ltd. | 2×150 MW | 2477.15 | 80 | 85 | 10.50 | 1.00 | 1.35 | 0.80 | |
| Haldia Energy Ltd. | 2×300 MW | 2345 | 80 | 85 | 9.00 | 1.00 | 1.30 | 0.80 |
19
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023 [PART I
v) In case of de-rating of any unit of a generating station within the control period, the norms will continue but the total expenditure on man-power head and O&M cost will be allowed on the basis of installed capacity prior to such de-rating till the norms are not changed.
vi) In case Life Extension Programme (LEP) of any of the units of a generating station has taken place then there will be change in all norms as will be provided by the Commission through tariff order or separate order.
Power will be allowed in the tariff after considering the due adjustment of such manpower to any new unit(s) of any generating station or any other part of the business by the generating company or licensees.
| Name of the Generating Station | Unit Size | Norms of O&M Expenses (Rs lakh/ MW) | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|---|---|
| CESC: | Budge Budge TPS 3×250 MW | 19.40 | 20.14 | 20.90 | |
| Southern Generating Station 2×67.5MW | 23.87 | 24.77 | 25.71 | ||
| WBPDCL: | Bakreswar TPS 5×210 MW | 18.42 | 19.12 | 19.84 | |
| Kolaghat TPS 4×210 MW | 23.04 | 23.91 | 24.82 | ||
| Bandel TPS (Unit-I) 60 MW | 22.90 | 23.77 | 24.67 | ||
| Bandel TPS (Unit -V) 215 MW | 21.07 | 21.87 | 22.70 | ||
| Santaldih TPS 2×250 MW | 15.89 | 16.49 | 17.11 | ||
| Sagardighi TPS Stg- I 2×300 MW | 11.14 | 11.56 | 12.00 | ||
| Sagardighi TPS Stg- II 2×500 MW | 8.67 | 9.00 | 9.34 | ||
| DPL: | Durgapur TPS Unit-VII 1×300 MW | 12.00 | 12.45 | 12.92 | |
| Durgapur TPS Unit-VIII 1×250 MW | 9.39 | 9.75 | 10.12 | ||
| IPCL: | Dishergarh TPS (New) 1×12 MW | 19.01 | 19.73 | 20.48 | |
| Hiranmoyee Energy Ltd. 2×150 MW | 11.20 | 11.62 | 12.06 | ||
| Haldia Energy Ltd. 2×300 MW | 13.45 | 13.96 | 14.49 |
Note:-
In relation to a unit, stabilization period shall be reckoned commencing from the date of commercial operation of that unit as follows:
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Sl. No. | Type of Hydro Generating Station | Auxiliary Energy Consumption | PAF |
|---|---|---|---|
| i) | Purely run of the river | 1.0% | 90 % |
| ii) | Pondage/storage type run of the river | 1.0% | 85 % |
| iii) | Small Hydro Generating Station | 1.0% | 90 % |
| iv) | Pumped Storage Type | 1.7% | 95 % |
Note:-
The norms of pumping energy is as per cycling efficiency in % defined as ratio of generation energy to pumping energy where such generation is made due to such quantum of water that has been pumped by the said pumping energy. The norms for such cycle efficiency will be treated as 74%.
NORMATIVE O&M COST FOR HYDRO GENERATING STATIONS IN RUPEES LAKH/ MW ONLY
| NAME OF PLANT | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|
| Jaldhaka HEP | 22.21 | 23.05 | 23.92 |
| Rammam HEP | 16.00 | 16.61 | 17.74 |
| Small Hydro | 22.22 | 23.06 | 23.93 |
| Purulia Pumped Storage Project | 5.00 | 5.19 | 5.39 |
Note: For major overhauling correspondent to paragraph (ii) of the note under B1 above, an additional cost will be allowed on actual basis through APR only on submission of the relevant documents pertaining to such expenditures for major overhauling.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| NORMATIVE MAN-POWER FOR HYDRO GENERATING STATIONS IN NUMBER OF PERSONS PER MW OF INSTALLED GENERATION CAPACITY | NAME OF PLANT | MAN/MW RATIO |
|---|---|---|
| Jaldhaka HEP | 6.90 | |
| Rammam HEP | 4.75 | |
| Small Hydro | 9.75 | |
| Purulia Pumped Storage Project | 0.225 |
Note:
| PART OF TRANSMISSION SYSTEM | AVAILABILITY OF TRANSMISSION SYSTEM IN PERCENTAGE |
|---|---|
| Transmission Line | 99.00 |
| Sub-Station | 97.00 |
| TRANSMISSION LICENSEE | TRANSMISSION LOSS (IN%) | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|---|
| WBSETCL | 2.70 | 2.70 | 2.70 | |
| Dedicated Transmission Lines | Case to case basis determined during tariff order of first ensuing year, not more than the norms specified for WBSETCL |
| TRANSMISSION LICENSEE | NO. OF MAN POWER PER CKM OF TRANSMISSION LINES |
|---|---|
| WBSETCL | 0.35 |
| Dedicated Transmission Lines | Case to case basis determined during tariff order of first ensuing year, not more than the norms specified for WBSETCL |
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| PARTICULARS | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|
| Norms for sub-station bays (Rs Lakh per bay) | |||
| 400 kV | 4.77 | 4.95 | 5.14 |
| 220 kV | 3.35 | 3.48 | 3.61 |
| 132 kV and below | 2.38 | 2.47 | 2.56 |
| Norms for Transmission lines (Rs. lakh per km) | |||
| 400 kV Single circuit (twin & triple conductor) | 0.25 | 0.26 | 0.27 |
| 400 kV Double circuit (twin & triple conductor) | 0.43 | 0.45 | 0.46 |
| 400 kV Double circuit (bundled conductor) | 0.65 | 0.67 | 0.70 |
| 400 kV Multi circuit (twin & triple conductor) | 0.76 | 0.78 | 0.81 |
| 220 kV Single circuit (single conductor) | 0.12 | 0.13 | 0.13 |
| 220 kV Double circuit (single conductor) | 0.18 | 0.19 | 0.20 |
| 220 kV Multi circuit (single conductor) | 0.76 | 0.78 | 0.81 |
| 132 kV Single circuit (single conductor) | 0.12 | 0.13 | 0.13 |
| 132 kV Double circuit (single conductor) | 0.18 | 0.19 | 0.20 |
| 132 kV Multi circuit (single conductor) | 0.76 | 0.78 | 0.81 |
For dedicated transmission line:
Composite O&M expenses for dedicated transmission line and bays of dedicated transmission line of any generating station for any ensuing years shall be determined based on the trued-up expenses of the last five years. O&M expenses for base year shall be computed considering the average of last 5 years', preceding to base year, trued up figures duly normalized after applying hybrid inflation index considering 60% wholesale price index (WPI) and 40% consumer price index (CPI) notified by the Government of India. O&M expenditure for the ensuing year shall be determined by applying average hybrid inflation index of last 5 years over the derived base value.
| DISTRIBUTION LICENSEE | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|
| WBSEDCL | 16.50 | 15.50 | 14.50 |
| CESC | 9.00 | 8.50 | 8.00 |
| IPCL | 5.00 | 4.50 | 4.00 |
| DVC | 2.75 | 2.75 | 2.75 |
Note: If any licensee owns and runs any generating station located outside its area of supply and transmits any energy generated by such a generating station to its area of supply through a dedicated transmission line, the transmission loss associated with such transmission shall be determined by the Commission separately and the same shall not be governed by the distribution loss shown in the above table. In case the licensee sources electricity using its EHV system through any transmission system in the areas beyond the area of supply of the licensee, the Commission shall also determine the loss associated with the EHV system separately and the same shall not be governed by the distribution loss shown in the above table.
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023 [PART I]
In percentage of Gross Fixed Asset
| Distribution licensee | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|
| WBSEDCL | 3.50 | 3.64 | 3.78 |
| CESC | 2.20 | 2.28 | 2.37 |
| IPCL | 1.97 | 2.05 | 2.12 |
| DVC | 1.97 | 2.05 | 2.12 |
Schedule - 9B of the Principal Regulations stands deleted.
Incentive to a thermal generating station or unit thereof shall be payable at a rate of 65 paise/kWh for ex-bus scheduled energy during peak hours and at a rate of 50 paisa/kWh for ex-bus scheduled energy during off-peak hours corresponding to scheduled generation in excess of ex-bus energy corresponding to Target Plant Load Factor (TPLF) achieved on a cumulative basis within each season (High Demand Season or Low Demand Season, as the case may be). Such incentive will be computed annually and Generating Company or the licensee shall submit its claim of incentive in APR petition along with certified copy of achieved PLF from SLDC:
Provided that for the purpose of above incentive TPLF shall be considered same as normative PAF of the respective power plant :
Provided further that the plants which has adjusted its enhanced availability in terms of regulation 2.8.6.7 of the Tariff Regulations are not eligible for above incentive.
The incentive for reliability shall be applicable for the licensee where mechanism for validation of reliability data is put in place.
[See Regulation 5.6.2(ii)]
| Description of Assets | Depreciation Rate |
|---|---|
| Land owned under full title | |
| Land held under lease | |
| aFor investment in the land | 3.34% |
| For cost of clearing the site | 3.34% |
| Land for reservoir in case of Hydro Generating Station | 3.34% |
| Assets Purchased New : | |
| (a) Plant and Machinery in generating stations including plant foundations |
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Description of Assets | Depreciation Rate |
|---|---|
| Hydro-electric | 5.28% |
| Steam electric NHRS & Waste Heat Recovery Boilers / Plants | 5.28% |
| Diesel-electric and gas plant | 5.28% |
| Cooling towers and circulating water systems | 5.28% |
| Hydraulic works forming part of the Hydro -electric systems | |
| Dams, Spillways, weirs, canals, reinforced concrete Flumes and siphons | 5.28% |
| Reinforced concrete pipelines and surge tanks, steel pipelines, sluice gates, steel surge tanks, hydraulic control valves and other hydraulic works | 5.28% |
| Building & civil Engineering works of a permanent character | |
| Offices & showrooms | 3.34% |
| Containing thermo-electric generating plant | 3.34% |
| Containing hydro-electric generating plant | 3.34% |
| Temporary erection such as wooden structures | 18.00% |
| Roads other than kutcha roads | 3.34% |
| Others | 3.34% |
| Transformers, transformer (Kiosk), sub-station equipment & other fixed apparatus (including plant foundations) | |
| Transformers (including foundations) having a rating of 100 KVA and over | 5.28% |
| Others | 5.28% |
| Switchgear including cable connections | 5.28% |
| Lightning arrestors | |
| Station type | 5.28% |
| Pole type | 5.28% |
| Synchronous condenser | 5.28% |
| Batteries | 18.00% |
| Underground Cable including joint boxes and disconnected boxes | 5.28% |
| Cable duct system | 5.28% |
| Overhead lines including supports | |
| Lines on fabricated steel operating at nominal voltages higher than 66 kV | 5.28% |
| Lines on steel supports operating at nominal voltages higher than 13.2 kV but not exceeding 66 kV | 5.28% |
| Lines on steel or reinforced concrete supports | 5.28% |
| Lines on treated wood supports | 5.28% |
| Meters | |
| Electro-magnetic Meter | 6.00% |
| Electronic Meter | 18.00% |
| Self-propelled vehicles | 18.00% |
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Description of Assets | Depreciation Rate |
|---|---|
| Air conditioning plants : | |
| Static | 5.28% |
| Portable | 18.00% |
| (m) Office Furniture and Equipments : | |
| iOffice furniture and fittings | 6.33% |
| iiOffice equipments | 6.33% |
| iii) Electronic Office Equipments | 6.33% |
| iv) Internal wiring including fittings and apparatus | 6.33% |
| Street light fittings | 6.33% |
| (n) Apparatus let on hire | |
| Other than motors | 18.00% |
| Motors | 6.33% |
| (o) Communication equipment: | |
| iRadio and high frequency carrier system | 6.33% |
| ii Telephone lines and telephones | 6.33% |
| (p) IT equipments including software | 12.85% |
| (q) Any other assets not covered above | 5.28% |
Note:-
For this purpose, all motor vehicles including dumper, dozer, etc. should include self-propelled vehicles.
The above rates of depreciation will be applicable for determination of tariff as well as for accounting purpose.
For lease hold land, useful life shall be the period of lease or the period remaining un-expired on the assignment of the lease.
[See Regulation 1.2.1(cxv)(A)]
| A Land owned under full title | Infinity |
|---|---|
| B Land held under lease | |
| For investment in the land | The period of lease or |
| For cost of clearing the site | the period remaining un-expired on the assignment of the |
| C Land for reservoir in case of Hydro Generating Station | lease or at the date of clearing the site, as the case may be. |
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Description of Assets | Useful Life in years |
|---|---|
| C Assets Purchased New : | |
| (a) Plant and Machinery in generating stations including plant foundations | |
| i) Hydro-electric | 35 |
| ii) Steam electric NHRS & Waste Heat Recovery Boilers / Plants | 25 |
| iii) Diesel-electric and gas plant | 15 |
| (b) Cooling towers and circulating water systems | 25 |
| (c) Hydraulic works forming part of the Hydro-electric systems | |
| Dams, Spillways, weirs, canals, reinforced concrete Flumes and siphons | 50 |
| i) Reinforced concrete pipelines and surge tanks, steel pipelines, sluice gates, steel surge (tanks), hydraulic control valves and other hydraulic works | 35 |
| (d) Building & civil Engineering works of a permanent character | |
| Offices & showrooms | 50 |
| i) Containing thermo-electric generating plant | 25 |
| iii) Containing hydro-electric generating plant | 35 |
| iv) Temporary erection such as wooden structures | 5 |
| Roads other than kutcha roads | 50 |
| Others | 50 |
| (e) Transformers, transformer (Kiosk), sub-station equipment & other fixed apparatus (including plant foundations) | |
| Transformers (including foundations) having a rating of 100 KVA and over | 25 |
| i) Others | 25 |
| (f) Switchgear including cable connections | 25 |
| Lightning arrestors | |
| Station type | 25 |
| Pole type | 15 |
| iii) Synchronous condenser | 35 |
| Batteries | 5 |
| (i) Underground Cable including joint boxes and disconnected boxes | 35 |
| Cable duct system | 50 |
| (k) Overhead lines including supports | |
| ) Lines on fabricated steel operating at nominal voltages higher than 66 kV | 35 |
| ii) Lines on steel supports operating at nominal voltages higher than 13.2 kV but not exceeding 66 kV | 25 |
| i) Lines on steel or reinforced concrete supports | 25 |
| iv) Lines on treated wood supports | 25 |
| ) Meters | |
| (i) Electro-magnetic Meter | 15 |
| Electronic Meter | 7 |
| m) Self-propelled vehicles | 5 |
| Air conditioning plants : | |
| Static | 15 |
| i) Portable | 5 |
| Description of Assets | Useful Life in years |
|---|---|
| Office furniture and fittings | 15 |
| Office equipments | 15 |
| Electronic Office Equipments | 15 |
| Internal wiring including fittings and apparatus | 15 |
| Street light fittings | 15 |
| Apparatus let on hire | |
| Other than motors | 5 |
| Motors | 15 |
| Communication equipment | |
| Radio and high frequency carrier system | 15 |
| Telephone lines and telephones | 15 |
| Computer system and IT equipment | 7 |
Note:-
Additional categories for Military Engineering Service (MES) and Electric Vehicle Charging Station (EV) shall be added under the list of LV&MV consumers in the table of Annexure- C1 to the Principal Regulation.
For clause (ii) under Note of Annexure-C1 to the Principal Regulations, the following clause is substituted:
iPublic utility / Public bodies means any type of State and Central Government / local bodies establishments such as offices, crematorium, correctional home, library, etc. (save in respect of used for residential purpose), Government / Government aided / Government sponsored Hospitals, Research /Educational Institutions (save in respect of used for residential purpose).
For clause (ix) under Note of Annexure-C1 to the Principal Regulations, the following clause is substituted:
(i) Short-term supply includes events, mela/ fair, festivals and marriage ceremony. Such short-term supply shall not have any load factor rebate and power factor rebate. However, other charges for such short-term supply shall be the same as are applicable to that particular category of consumer to which the applicant seeking such short-term supply belongs. For such short-term supply, consumer shall apply to the licensee at least 10 days in advance for LV and MV consumers and at least 20 days in advance for HV consumer.
(x) Domestic consumer having monthly consumption upto 25 units in case of monthly billing or having quarterly consumption upto 75 units in case of the quarterly billing and contract demand not more than 0.3 KW shall be treated as Life Line Domestic Consumer. After completion of every financial year (for new domestic consumer after passing of one (01) complete financial year), the eligibility of Life Line Domestic Consumer will be revisited based on average consumption of the financial year on monthly or quarterly basis, as the case may be.
(xi) Domestic tariff is applicable for electricity used for residential purpose and all type of religious places supplied at single point.
In the Table under Annexure C2 of the Principal Regulations, optional tariff scheme for all LV & MV categories shall be Normal -TOD/ prepaid / prepaid-TOD.
Clause (xix) under Note of Annexure-C2 to the Principal Regulations stands deleted.
For Form 1.12, Form 1.13, Form 1.15, Form 1.16, Form 1.17 (a), Form 1.17 (b), Form 1.17(c), Form 1.17(e), Form 1.17(g), Form 1.20(a), Form 1.20 (b), Form 1.23, Form B, Form C, Form E(A), Form E(B) and Form E(T) of Annexure - 1 to the Principal Regulations, the following Forms is substituted:
"Form 1.12 : Expenditure - Generation of Electricity (station wise)
| Ref. | Particulars | Previous Year | Base Year | Ensuing Year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Four | Three | Two | One | One | Two | Three | Four | Five | ||
| 1 | Fuel Cost | (i) Coal | (ii) Oil | |||||||
| 2 | Employee Cost [Form 1.17 (h) & (i)] | (i) Own Employees | (ii) Contractual Employee in regular establishment | |||||||
| 3 | Operation & maintenance Expenses | |||||||||
| 4 | Demurrage for Transportation of Fuel | |||||||||
| 5 | Water Charges | |||||||||
| 6 | Statutory charges | (Licensee fees, filing fees, municipal tax, etc) | ||||||||
| 7 | Depreciation [Form B] | |||||||||
| 8 | Intangible Asset written off | |||||||||
| 9 | Expenses due to Penalty, Fines etc. | |||||||||
| 10 | Interest on Capital loan [Form 1.20(b)] | |||||||||
| 11 | Interest on working capital [Form 1.17(b)] | |||||||||
| 12 | Income tax | |||||||||
| 13 | Other Finance Charges [Form 1.17 (c)] | |||||||||
| 14 | Foreign Exchange rate variation on loan repayments | [Form 1.17(d)] | ||||||||
| 15 | Others (specify) | |||||||||
| Overall(1:15) |
Note: Basis of estimation for each element for base year and ensuing years is to be specified under note
Form 1.15: Expenditure - Distribution of Electricity
| Ref. | Particulars | Previous Year | Base Year | Ensuing Year | |||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Employee Cost [Form 1.17 (h) & (i)] | Four Actuals | One Estimated | ||||||
| (i) Own Employees | Three Actuals | Two Actuals | One Actuals | Estimated | Projected | Projected | Projected | Projected | |
| (ii) Contractual Employee in regular establishment | |||||||||
| 2 | Operation & maintenance Expenses | ||||||||
| (i) Repair & Maintenance (incl consumables) | |||||||||
| (ii) Administrative & General expenses | |||||||||
| (iii) OPEX related expense | |||||||||
| 3 | Statutory charges | ||||||||
| (Licensee fees, filing fees, municipal tax, etc) | |||||||||
| 4 | Depreciation [Form B] | ||||||||
| 5 | Intangible Asset written off | ||||||||
| 6 | Expenses due to Penalty, Fines etc. | ||||||||
| 7 | Interest on Capital loan [Form 1.20(b)] | ||||||||
| 8 | Interest on working capital [Form 1.17(b)] | ||||||||
| 9 | Income tax | ||||||||
| 10 | Other Finance Charges [Form 1.17(c)] | ||||||||
| 11 | Foreign Exchange rate variation on loan repayments [Form 1.17(d)] | ||||||||
| 12 | Others (specify) | ||||||||
| Overall (1:12) |
Note: 1. Basis of estimation for each element for base year and ensuing years is to be specified under note.
a u h bu . . h a ha .hal M network related expenses.
| Particulars | Previous Year | Ensuing Year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Four | Three | Two | One | One | Two | Three | Four | Five | |
| 1 | Power Purchase cost | ||||||||
| 2 | Transmission charge | ||||||||
| CTU charges | |||||||||
| ii) STU charges | |||||||||
| 3 | Power System charges | ||||||||
| (i)ERLDC charges | |||||||||
| (ii) ERPC charges | |||||||||
| (iii) SLDC charges | |||||||||
| 4 | Employee Cost [Form 1.17 (h) & (i)] | ||||||||
| (i)Own Employees | |||||||||
| (ii) Contractual Employee in regular establishment | |||||||||
| 5 | Operation & maintenance Expenses | ||||||||
| (i) Repair & Maintenance (incl consumables) | |||||||||
| (ii) Administrative & General expenses | |||||||||
| 6 | Statutory charges | ||||||||
| 7 | Depreciation [Form B] | ||||||||
| 8 | Intangible Asset written off | ||||||||
| 9 | Expenses due to Penalty, Fines etc. | ||||||||
| 10 | Interest on Capital loan [Form 1.20(b)] | ||||||||
| 11 | Interest on working capital [Form 1.17(b)] | ||||||||
| 12 | Income tax | ||||||||
| 13 | Other Finance Charges [Form 1.17 (c)] | ||||||||
| 14 | Foreign Exchange rate variation on loan repayments [Form 1.17(d)] | ||||||||
| 15 | Late payment surcharge | ||||||||
| 17 | Others (specify) | ||||||||
| Overall (1.16) |
Note: 1. Basis of estimation for each element for base year and ensuing years is to be specified under note
| Ref. | Particulars | Previous Year | Base Year | Ensuing Year | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Four | Three | Two | One | One | Two | Three | Four | Five | ||
| 1 | Normative PLF (in %) | |||||||||
| 2 | Generation at Normative PLF (in MU) | |||||||||
| 3 | Water consumption at normative PLF (in KL) | |||||||||
| 4 | Spillage of water (in %) | |||||||||
| 5 | Source-wise water quantity (in KL) | Source 1 | Source 2 | Total quantity | ||||||
| 6 | Rate specified (as per govt. notification or agreement) [in Rs. /LK] | (i) Source 1 | (ii) Source 2 | |||||||
| 7 | Water charge claimed [5 X 6] (in Rs. Lakh) | Source 1 | i Source 2 | Total Water Charge |
Note: Water cess will be claimed separately as a part of statutory charges.
Form 1.17 (b) Interest on Working Capital
| Particulars | Previous Year | Base Year | Ensuing Year | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Four Actuals | Three Actuals | Two Actuals | One Actuals | One Estimated | Two Projected | Three Projected | Four Projected | Five Projected | |
| A. Cost of Coal stock (pit head 10 days, non-pit-head 20 days) | |||||||||
| B. Advance payment of coal (30 days) | |||||||||
| C. Cost of secondary fuel oil for 2 months | |||||||||
| D. (i) O&M expense for 1 month | |||||||||
| (ii) Employee cost for 1 month | |||||||||
| (iii) Water charge for 1 month | |||||||||
| E. Maintenance spare (20 % of O&M and water charge for thermal generator, 15% of O&M for hydro plant, pumped storage, transmission and distribution) | |||||||||
| F. Receivables equivalent to 45 days | |||||||||
| Less: | |||||||||
| G. Cash security deposit from transmission and/or distribution system users, as the case may be | |||||||||
| Working Capital Requirement=A+B+C+D+E+F- G | |||||||||
| H. Interest rate at SBI MCLR +250 basis point | |||||||||
| I. Interest on Working Capital |
Note: 1. All computations shall in accordance with regulation 5.6.5 of these Regulations.
A, B, C and D(iii) will be applicable for thermal generating station only, the computation break-up will be provided for each head specifying quantum and price of coal, oil and water considered.
No receivable amount shall be considered for generating stations owned by distribution licensee.
Cash security deposit held with distribution licensee shall be first used to meet working capital requirement of its distribution business. Balance security deposit, if any, shall be used to meet working capital requirement of its generation business. If still some cash deposit remains, interest of such amount will be considered as non-tariff income and to be shown separately.
Form 1.17(c): Other Finance Charges Form 1.17(e): Statutory Charges
| SI. No. | Particulars | Previous Year | Base Year | Ensuing Year |
|---|---|---|---|---|
| 1 | Finance charges related to Capital Loan | Four | Three | Two |
| Guarantee Commission | One | One | Two | |
| Front end fees | Three | Four | Five | |
| Fees & expenses for loan re-structuring | ||||
| Cost of hedging | ||||
| Others, if any (specify) | ||||
| Overall (1:6) |
| SI. No. | Particulars | Previous Year | Base Year | Ensuing Year |
|---|---|---|---|---|
| 1 | Licensee Fees | Four | Three | Two |
| 2 | Application / petition filing fees before the Commission | One | One | Two |
| 3 | Electricity Duty | Three | Four | Five |
| 4 | Water Cess | |||
| 5 | Municipal tax | |||
| 6 | Others, if any (specify) | |||
| Overall (1:6) |
M
| Sl No | Nature of Expenditure | Category of Assets in which included | Value As on the beginning of the financial year | Addition during the year | Depreciation charged upto the last year | Depreciation charged for the current year |
|---|---|---|---|---|---|---|
| 1 | Capital Overhauling | |||||
| 2 | Other similar Items (to be specified) |
Form 1.20(a) : Return on Equity
| SI. No. | Particulars | Previous Year | Base Year | Ensuing Year | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Four | Three | Two | One | One | Two | Three | Four | Five | |||
| 1 | Actual Equity base at the beginning of the year | ||||||||||
| 2 | Admissible Equity base at the beginning of the year | ||||||||||
| 3 | a. Addition to equity base during the year | ||||||||||
| b. Deletion to equity base during the year on account of decommissioning of assets, etc. | |||||||||||
| c. Less: Gain on sale of assets invested in creating new assets, if any | |||||||||||
| Net Addition/ deletion to equity base during the year (3)=(3a)-3(b)-3(c) | |||||||||||
| 4 | Actual Equity base at the end of the year (1) + (3) | ||||||||||
| 5 | Net addition to the original cost of fixed assets during the year (vide submission in form 1.18) | ||||||||||
| 6 | Less Asset created in terms of regulation 5.15.1 (iv), if any | ||||||||||
| 7 | Net addition to the original cost of fixed assets during the year (vide submission in form 1.18) other than asset created under regulation 5.15.1 (iv)(5)-(6) | ||||||||||
| 8 | Normative addition to Equity Base @ 30% of (7) | ||||||||||
| 9 | Addition to Equity Base considered for the year lower of (3) and (8) | ||||||||||
| 10 | Add 30% of total sale proceeds invested in creating Asset under regulation 5.15.1 (iv) | ||||||||||
| 11 | Addition in equity base during the year for the computation of return at the end of the year (9) + (10) | ||||||||||
| 12 | Admissible equity base at the closing of the year (2)+(11) | ||||||||||
| 13 | Average admissible equity base for allowing returns {(2)+(12)}/2 |
Note: For assets added after 1.4.2024, form 1.20(a) shall be furnished separately.
| SI. No. | Particulars | Previous Year | Base Year | Ensuing Year | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Derivative | Four | Three | Two | One | One | Two | Three | Four | Five | ||
| 1 | Approved GFA at the beginning of the year (excluding Fixed Asset out of grant, deposit work, contributions) | A | |||||||||
| 2 | Admissible Equity Base at the beginning of year [form 1.20(a)] | B | |||||||||
| 3 | Opening Gross Normative Loan | C=A-B | |||||||||
| 4 | Cumulative depreciation and AAD, if any upto previous year | D | |||||||||
| 5 | Opening balance of Net Normative Loan | E=C-D | |||||||||
| 6 | Net addition to the original cost of fixed assets during the year (vide submission in form 1.18) other than asset created under regulation 5.15.1. (iv) as per Sl 7 of form 1.20(a) | F | |||||||||
| 7 | a) Actual addition of equity during the year as per Sl 9 of form 1.20 (a) b) Add. 70% of total Sale proceeds invested in creating Asset under regulation 5.15.1.(iv) | G | H | ||||||||
| 8 | Addition to Capital Loan for the year for assets put into use | I=F-G+H | |||||||||
| 9 | Depreciation during the year | J | |||||||||
| 10 | Closing balance of Net Normative Loan | K=E+I-J | |||||||||
| 11 | Average balance of Net Normative Loan | L=(E+K)/2 | |||||||||
| 12 | Weighted average rate of interest of actual loan | M in % | |||||||||
| 13 | Allowable interest on Capital Loan | N = L x M |
| Ref. | Particulars | Basis | Previous Year | Base Year | One | Two | Ensuing Year | Four | Five |
|---|---|---|---|---|---|---|---|---|---|
| (1) | Incentive for Thermal Generation | Peak hours | |||||||
| (i) Scheduled Generation during peak | |||||||||
| (ii) Normative generation at 85% PLF | |||||||||
| (iii) Additional generation [(i) >(ii)] | |||||||||
| (iv) Rate of incentive | |||||||||
| (v) Incentive during peak hours | |||||||||
| B | Off-Peak hours | (i) Scheduled Generation during off-peak | |||||||
| (ii) Normative generation at 85% PLF | |||||||||
| (iii) Additional generation [(i) >(ii)] | |||||||||
| (iv) Rate of incentive | |||||||||
| (v) Incentive during off-peak hour | |||||||||
| (C) | Total incentive (A+B) | ||||||||
| (2) | Incentive for Hydropower generation | (i) Capacity Index achieved (CIA) | |||||||
| (ii) Normative Capacity Index (CIN) | (v)=0.65×(iv) | ||||||||
| (iii) Excess capacity index achieved over target, if >0 | $×{(i) -(ii)}/100 | ||||||||
| (iv) Annual Capacity Charge | |||||||||
| (v) Incentive for additional capacity index achieved | |||||||||
| (3) | Incentive for Transmission | (i) Annual Availability | |||||||
| (ii) Target Availability | |||||||||
| (iii) Annual Transmission Charges | {(i)-(ii)} | ||||||||
| (iv) excluding incentive and gain sharing | MA | ||||||||
| Incentive for additional availability |
Form-B : Details of Depreciation chargeable to revenue account for the year (Year wise)
| Particulars | 1 | 2 | 3 | 4 | 5=1+3-4 | 6 | 7a | 7b | 7c | 7d | 7e | 7f | 7g | 8=6+7 | 9 | 10=1+3-9 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A. Generating Assets | ||||||||||||||||
| 1. Assets prior to cut-off date | Cost | Depreciation for the year | ||||||||||||||
| 2. Assets after cut-off date | Cost | Depreciation for the year | ||||||||||||||
| B. Transmission Assets | ||||||||||||||||
| 1. Assets prior to cut-off date | Cost | Depreciation for the year | ||||||||||||||
| 2. Assets after cut-off date | Cost | Depreciation for the year | ||||||||||||||
| C. Distribution Assets | ||||||||||||||||
| 1. Assets prior to cut-off date | Cost | Depreciation for the year | ||||||||||||||
| 2. Assets after cut-off date | Cost | Depreciation for the year | ||||||||||||||
| OVERALL(A+B+C) |
Note: 1. Auditor's certificate regarding 'block of assets' prior to the cut-off date and depreciation & AAD against such assets for (a) assets depreciated upto 70% and (b) assets depreciated more than 70% shall be certified.
Approved cost of assets also includes assets within the limits specified under regulations 2.8.2.3 and 2.8.4.1, where approval is not required in terms of regulation 2.8.5 of these Regulations. Generating Companies and Licensees, as the case may be, shall submit break-up of approved assets and assets developed under regulations 2.8.2.3 and 2.8.4.1 separately.
For part / full capitalized assets, where final project cost has not been approved under regulation 2.8.5 of these Regulations, the investment approval value vis-à-vis the audited value of part/full asset capitalized shall be submitted separately.
6
Form - C: Statement of Loans and Calculation of Interest thereon for the year (Year wise)
| SI. No. | Sources of Loans | Original Amount of loan | Cumulative amount of loan drawal upto the beginning of the year | Cumulative Outstanding Balance at the beginning of the year | Normal interest rate (%) | Repayment due Amount/ Date | Fresh Drawal if any | Interest paid / payable | Balance at the close of the year | Remarks, if any |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | A On Capital Accounts | 20 | 2 | 0 | 20 | 2 | 0 | 0 | 0 | |
| 1 | Source 1 | |||||||||
| 2 | Source 2 | |||||||||
| Total on capital account | ||||||||||
| Weighted avg interest = total interest at normal rate/{(opening loan balance + closing loan balance)/2} | ||||||||||
| 1 | B Loan on Working Capital | 20 | 2 | 0 | 20 | 2 | 0 | 0 | 0 | |
| 1 | Source 1 | |||||||||
| 2 | Source 2 | |||||||||
| Total on revenue account | ||||||||||
| Weighted avg interest = total interest at normal rate/{(opening loan balance + closing loan balance)/2} | ||||||||||
| C Overall actual (A+B) |
Notes:
| Ref. | Particulars | Ensuing Year | Previous Year | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Four | Three | Two | One | Base Year | One | Two | Three | Four | ||
| 1 | Fuel | |||||||||
| 2 | Employee Cost | |||||||||
| aEmployee cost [Form 1.17(h)] | ||||||||||
| Arrear [Form 1.17(i)] | ||||||||||
| 3 | Operation & Maintenance Expenses | |||||||||
| 4 | Water charges [Form 1.17(a)] | |||||||||
| 5 | Statutory Charges [Form 1.17(e)] | |||||||||
| 6 | Finance Cost | |||||||||
| Interest on Capital Loan [Form 1.20(b)] | ||||||||||
| bInterest on Working Capital [Form 1.17(b)] | ||||||||||
| c) Foreign Exchange Rate Variation [Form 1.17(d)] | ||||||||||
| Other Financing Charges [Form 1.17(c)] | ||||||||||
| 7 | Depreciation | |||||||||
| 8 | Intangible Asset Write Off | |||||||||
| 9 | Bad Debt (see regulation 5.10.1) | |||||||||
| 10 | Income Tax | |||||||||
| 11 | Reserve for unforeseen exigencies | |||||||||
| 12 | Demurrage of coal transportation | |||||||||
| 13 | Others if any to be specified | |||||||||
| 14 | Total Expenditure (sum of 1:13) | |||||||||
| 15 | Normative Return [Form 1.20(a)] | |||||||||
| 16 | Permitted Incentives [Form 1.23] | |||||||||
| 17 | Gross Revenue Required (14+15+16) | |||||||||
| 18 | aLess: Income other than sale of energy [Form 1.26] | |||||||||
| b)Less : Benefits passed on to Consumers [Form 1.24] | ||||||||||
| cLess : Expenses attributable to persons other than licensees or any consumers | ||||||||||
| 19 | Aggregate Revenue Required (17-18) |
Note: Generating Companies are to furnish Form E(A)
Form E(B): Summarised Revenue Requirement - Distribution
| Ref. | Particulars | Previous Year | Base Year | Ensuing Year | |||||
|---|---|---|---|---|---|---|---|---|---|
| Four Actuals | Three Actuals | Two Actuals | One Estimated | One Projected | Two Projected | Three Projected | Four Projected | ||
| 1 | Fuel cost of own generating station | ||||||||
| 2 | Power Purchase Cost | ||||||||
| 3 | Transmission charge | Inter-state transmission charges | |||||||
| 4 | Power system charge (ERLDC, ERPC, SLDC charges) | ||||||||
| 5 | Employee Cost | ||||||||
| Employee cost [Form 1.17(h)] | |||||||||
| Arrear [Form 1.17(i)] | |||||||||
| 6 | Repairs & Maintenance incl. Consumables | ||||||||
| 7 | Administrative & General Expenses | ||||||||
| 8 | Water charges of own generating station [Form 1.17(a)] | ||||||||
| 9 | Statutory charges [Form 1.17(e)] | ||||||||
| 10 | Finance Cost | ||||||||
| Interest on Capital Loan [Form 1.20(b)] | |||||||||
| Interest on Working Capital [Form 1.17(b)] | |||||||||
| Foreign Exchange Rate Variation [Form 1.17(d)] | |||||||||
| Other Financing Charges [Form 1.17(c)] | |||||||||
| Interest on Security Deposits | |||||||||
| 11 | Depreciation | ||||||||
| 12 | Intangible Asset Write Off | ||||||||
| 13 | Bad Debt (see regulation 5.10.1) | ||||||||
| 14 | Income Tax | ||||||||
| 15 | Reserve for unforeseen exigencies | ||||||||
| 16 | Demurrage for coal transportation | ||||||||
| 17 | Others if any to be specified | ||||||||
| 18 | Total Expenditure (sum of 1:17) | ||||||||
| 19 | Normative Return [Form 1.20(a)] | ||||||||
| Permitted Incentives [Form 1.23] | |||||||||
| 19 | Gross Revenue Required (16+17+18) | ||||||||
| 20 | a)Less: Income other than sale of energy [Form 1.26] | ||||||||
| Less: Benefits passed on to Consumers [Form 1.24] | |||||||||
| c)Less: Expenses attributable to persons other than licensees or any consumers | |||||||||
| DSM charges Receivable | |||||||||
| 21 | Aggregate Revenue Required (19 -20) | ||||||||
| 22 | Release of Regulatory Asset, if any | ||||||||
| 23 | Subsidy received / receivable, if any | ||||||||
| 24 | Revenue recoverable from charges (21 +22 -23) | ||||||||
| 25 | Expected Revenue from sale of Energy (Actual estimate) | ||||||||
| 26 | Average cost of Supply (Paise/Unit) |
Note: Distribution Licensees are to furnish Form E(B)
Distribution licensees having own generating station shall submit separate details for generation business in E(A) format.
Form E(T): Summarised Revenue Requirement - Distribution
| Ref. | Particulars | Previous Year | Base Year | Ensuing Year | 0 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Four Actuals | Three Actuals | Two Actuals | One Actuals | Estimated | Projected | Projected | Projected | Projected | ||
| A. | 1 Energy Input [ Form 1.7] | |||||||||
| 2 Energy Transmitted [Form 1.7] | ||||||||||
| 3 Allocated Transmission capacity | ||||||||||
| 4 Actual Transmission Loss % [Form 1.7] | ||||||||||
| B. | Rs. in Lakhs | |||||||||
| 1 | Employee Cost | |||||||||
| Employee cost [Form 1.17(h)] | ||||||||||
| Arrear [ Form 1.17(i)] | ||||||||||
| 2 | Operation & Maintenance Expenses | |||||||||
| 3 | Statutory charges [Form 1.17(e)] | |||||||||
| 4 | Finance Cost | |||||||||
| a) Interest on Capital Loan [Form 1.20(b)] | ||||||||||
| b) Interest on Working Capital [Form 1.17(b)] | ||||||||||
| c) Foreign Exchange Rate Variation [Form 1.17(d)] | ||||||||||
| d) Other Financing Charges [Form 1.17(c)] | ||||||||||
| e) Interest on Transmission Users' Security Deposits, if any. | ||||||||||
| 5 | Depreciation | |||||||||
| 6 | Bad Debt [see regulation 5.10.1] | |||||||||
| 7 | Intangible Asset Write Off | |||||||||
| 8 | Income Tax | |||||||||
| 9 | Reserve for Unforeseen Exegencies | |||||||||
| 10 | Others if any to be specified | |||||||||
| 11 | Total Expenditure (sum of 1:10) | |||||||||
| 12 | Normative Return [Form 1.20(a)] | |||||||||
| 13 | Permitted Incentives [Form 1.23] | |||||||||
| 14 | Gross Revenue Required (11+12+13) | |||||||||
| 15 | a) Less: Income other than revenue from transmission of energy [Form 1.26] | |||||||||
| b) Less: Benefits passed on to Transmission Users | ||||||||||
| c) Less: Others if any to be specified | ||||||||||
| 16 | Aggregate Revenue Required (14-15) | |||||||||
| 17 | Release of Regulatory Asset, if any | |||||||||
| 18 | Subsidy received / receivable, if any | |||||||||
| 19 | Revenue recoverable from charges (16 +17 -18) | |||||||||
| 20 | Expected Revenue from Transmission of Energy (Actual estimate) | |||||||||
| 21 | Transmission charge (Rs./MW/Month) |
Note: Transmission Licensees are to furnish Form E(T)
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023 [PART I]
Form 1.17, Form 1.17(f), and Form 1.17(k) of Annexure - 1 to the Principal Regulations stands deleted.
Following Form 1.18(d) shall be inserted after Form 1.18(c)(ii) of Annexure -1 to the Principal Regulations:
Form 1.18 (d) : Decapitalised Asset SI Asset COD Date of Cost of acquisition Depreciation and AAD Sale proceeds Gain or loss No Name Decapitalisation as on date of charged upto the date Received, if any on sale of decapitalisation of Decapitalisation decapitalised asset if any
Note: The cost of decapitalised asset should be adjusted from the Gross Fixed Assets in Form 1.18 (a) and shown as a separate line item.
For paragraph 3 and 5 of Annexure-7 to the Principal Regulations, following paragraph are substituted:
Application submitted by.......... (Name of applicant) may be inspected at the office of the Commission and ...... (other address, if any) following the procedures as laid down in the West Bengal Electricity Regulatory Commission (Conduct of Business) Regulations 2013 as amended from ...AM to ......PM on all working days upto one day prior to last day of submission of suggestions / objections.
The suggestions, objections and comments, if any, on the proposals contained in the application may be submitted at the office of the Commission at the above mentioned address from ....AM till ... PM within .. days from the date of publication (including the date of publication) of this notice in the newspaper.
At the end of Principal Regulations, following Annexure-10 shall be added:
Asset Register Summary Assets prior to cut-off date: A Type of Asset Category Category Category Total (as categorised in Annexure-A1 of this Regulation) 1 2 3 (Rs. in lakh) B Opening Gross Value of Asset as on 01st April of the FY Assets fully Depreciated (90%) BI Assets Depreciated 70% or more but less than 90% B2 Assets Depreciated less than 70% B3 Total B=B1+B2+B3 C Gross Value of Assets de-commissioned during the FY Assets fully Depreciated (90%) CI Assets Depreciated 70% or more but less than 90% Q Assets Depreciated less than 70% C3 Total C=C1+C2+C3 D Total Gross Value at the end of the FY Assets fully Depreciated (90%) D1=B1-C1 Assets Depreciated 70% or more but less than 90% D2=B2-C2 Assets Depreciated less than 70% D3=B3-C3 Total D=D1+D2+D3
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Type of Asset | Category 1 | Category 2 | Category 3 | Total (Rs. in lakh) |
|---|---|---|---|---|
| Accumulated Depreciation of the opening Assets | Assets Depreciated upto 90% | E1 | ||
| Assets Depreciated 70% or more but less than 90% | E2 | |||
| Assets Depreciated less than 70% | E3 | |||
| Total | E=E1+E2+E3 | |||
| Adjustment during the FY of Accumulated Depreciation of de-commissioned Assets as on date of de-commissioning | Assets fully Depreciated (90%) | F1 | ||
| Assets Depreciated 70% or more but less than 90% | F2 | |||
| Assets Depreciated less than 70% | F3 | |||
| Total | F=F1+F2+F3 | |||
| Depreciation during the year | Assets Depreciated 70% or more but less than 90% | G1 | ||
| Assets Depreciated less than 70% | G2 | |||
| Total During the year | G=G1+G2 | |||
| Closing Balance of Accumulated Depreciation | Assets Depreciated upto 90% | H1=E1-F1 | ||
| Assets Depreciated 70% or more but less than 90% | H2=(E2-F2)+G1 | |||
| Assets Depreciated less than 70% | H3=(E3-F3)+G2 | |||
| Total | H=H1+H2+H3 | |||
| Net Book Value as on last date of the Financial year | Assets fully Depreciated (90%) | I1=D1-H1 | ||
| Assets Depreciated 70% or more but less than 90% | I2=D2-H2 | |||
| Assets Depreciated less than 70% | I3=D3-H3 | |||
| Total | I=I1+I2+I3 |
Note:
| Particulars | Depreciation for the year on such Assets (Rs in Lakh) | As on Last Date of the Financial Year (Rs in Lakh) |
|---|---|---|
| 1 Gross Value of Fixed Asset created out of consumer contribution | ||
| 2 Gross Value of Fixed Asset created out of Government grant, etc. | ||
| 3 Gross Value of Fixed Asset where investment approval is not required in terms of Tariff Regulations | ||
| 4 Gross Value of Fixed Assets for which final project cost approval under regulation 2.8.5 has been obtained | ||
| 5 Gross Value of Fixed Assets which are partly commissioned or for which final project cost approval under regulation 2.8.5 pending | ||
| Total GFA (1 to 5) | ||
| 6 Investment approval amount considered by the Commission on the assets at Sl No 5 above |
To be certified by the Statutory Auditor
THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| A Type of Asset | Category 1 | Category 2 | Category 3 | Total (in Rs. lakh) |
|---|---|---|---|---|
| B Opening Gross Value of Asset as on 01st April of the FY | Assets fully Depreciated (90%) | B1 | ||
| Assets Depreciated 70% or more but less than 90% | B2 | |||
| Assets Depreciated less than 70% | B3 | |||
| Total B=B1+B2+B3 | ||||
| C Gross Value of Assets de-commissioned during the FY | Assets fully Depreciated (90%) | C1 | ||
| Assets Depreciated 70% or more but less than 90% | C2 | |||
| Assets Depreciated less than 70% | C3 | |||
| Total C=C1+C2+C3 | ||||
| D Gross Value of Asset Added during the year | D | |||
| E Total Gross Value at the end of the FY | Assets fully Depreciated (90%) | E1=B1-C1 | ||
| Assets Depreciated 70% or more but less than 90% | E2=B2-C2 | |||
| Assets Depreciated less than 70% | E3=B3-C3+D | |||
| Total E=E1+E2+E3 | ||||
| F Accumulated Depreciation of the opening Assets | Assets Depreciated upto 90% | F1 | ||
| Assets Depreciated 70% or more but less than 90% | F2 | |||
| Assets Depreciated less than 70% | F3 | |||
| Total F=F1+F2+F3 | ||||
| G Adjustment during the FY of Accumulated Depreciation of de-commissioned Assets as on date of de-commissioning | Assets fully Depreciated (90%) | G1 | ||
| Assets Depreciated 70% or more but less than 90% | G2 | |||
| Assets Depreciated less than 70% | G3 | |||
| Total G=G1+G2+G3 | ||||
| H Depreciation during the year | Assets Depreciated 70% or more but less than 90% | H1 | ||
| Assets Depreciated less than 70% | H2 | |||
| On Asset added during the year | H3 | |||
| Total During the year H=H1+H2+H3 | ||||
| I Closing Balance of Accumulated Depreciation | Assets Depreciated upto 90% | I1=F1-G1 | ||
| Assets Depreciated 70% or more but less than 90% | I2=(F2-G2)+H1 | |||
| Assets Depreciated less than 70% | I3=(F3-G3)+(H2+H3) | |||
| Total I=I1+I2+I3 |
PART I] THE KOLKATA GAZETTE, EXTRAORDINARY, MARCH 13, 2023
| Category | Category | Category | Total (in Rs. lakh) | |
|---|---|---|---|---|
| J Net Book Value as on last date of the Financial year | Assets fully Depreciated (90%) | J1=E1-I1 | ||
| Assets Depreciated 70% or more but less than 90% | J2=E2-I2 | |||
| Assets Depreciated less than 70% | J3=E3-I3 | |||
| Total | J=J1+J2+J3 |
Note:
| 1 | Gross Value of Fixed Asset created out of consumer contribution | ||
|---|---|---|---|
| 2 | Gross Value of Fixed Asset created out of Government grant, etc | ||
| 3 | Gross Value of Fixed Asset where investment approval is not required in terms of Tariff Regulations | ||
| 4 | Gross Value of Fixed Assets for which final project cost approval under regulation 2.8.5 has been obtained | ||
| 5 | Gross Value of Fixed Assets which are partly commissioned or for which final project cost approval under regulation 2.8.5 pending | ||
| Total GFA (1 to 5) | |||
| 6 | Investment approval amount considered by the Commission on the assets at Sl No 5 above |
To be certified by the Statutory Auditor
Place: Kolkata
Dated: 13.03.2023
By order of the Commission,
MAUSUMI GUHA ROY, IAS
Secretary of the Commission
Published by West Bengal Electricity Regulatory Commission, West Bengal and printed at Saraswaty Press Ltd. (Government of West Bengal Enterprise), Kolkata 700 056.
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