Draft Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Wheeling Tariff and Retail Supply Tariff) (Fourth Amendment) Regulations, 2020

Nov 20, 2020 | by Avantis RegTech Legal Research Team

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Industry Specific Compliance

The Himachal Pradesh Electricity Regulatory Commission (HPERC) on November 10, 2020 has issued the Draft Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Wheeling Tariff and Retail Supply Tariff) (Fourth Amendment) Regulations, 2020 to further amend the HPERC (Terms and Conditions for Determination of Wheeling Tariff and Retail Supply Tariff) Regulations, 2011. 

The following amendments have been made: 

• Regulation 22, which specifies the interest charges on working capital, has been substituted, namely: 

“Rate of interest on working capital to be computed as provided hereinafter in these regulations shall be on a normative basis and shall be equal to one (1) Year State Bank of India (SBI) MCLR / any replacement thereof as notified by RBI for the time being in effect applicable for one (1) year period, as may be applicable as on 1st April of the Financial Year in which the Petition is filed plus 300 basis points. The interest on working capital shall be payable on a normative basis notwithstanding that the licensee has not taken a working capital loan from any outside agency or has exceeded the working capital loan including the rate of interest based on the normative figures. The Commission shall calculate the working capital requirement for wheeling and retail supply business in accordance with these regulations to arrive at the working capital requirement of a distribution licensee.”

All the persons likely to be affected thereby; and notice is hereby given that the said draft amendment regulations will be taken into consideration after the expiry of twenty one (21) days from the date of publication of this notification in the Rajpatra, Himachal Pradesh, together with any objections or suggestions which may, within the aforesaid period, be received in respect thereto The text of the aforesaid draft amendments is available on the website of the Commission i.e http.//www.hperc.org. The objections or suggestions specifically relating to proposed draft amendment regulations should be addressed to the Secretary, Himachal Pradesh Electricity Regulatory Commission, Vidyut Aayog Bhawan, Block-37, SDA Complex, Kasumpti-171009 (HP).

[Notification No. HPERC-F-1/2020]

 


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