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Legal Jharkhand Ministry of Power Electricity Act, 2003

Amendment in Jharkhand State Electricity Regulatory Commission (Terms and Conditions for Determination of Distribution Tariff) Regulations, 2020

22-Nov-2023 | No. 738

Government of Jharkhand has issued Jharkhand State Electricity Regulatory Commission (Terms and Conditions for Determination of Distribution Tariff) (First Amendment) Regulations, 2023, amending provision under Jharkhand State Electricity Regulatory Commission (Terms and Conditions for Determination of Distribution Tariff) Regulations, 2020, effective from 14th December, 2023 up to 31st March, 2026.
Key Highlights of the Amendments are:
1. Substitution of Clause 10.65- The Act's sub-section (4) provides the Fuel and Power Purchase Adjustment Surcharge (FPPAS) formula, which can be used to recoup or adjust monthly increases or decreases in power purchase costs.
2. Substitution of Clause 10.69- The money recovered through the fuel and power purchase adjustment surcharge will first be applied to the oldest carry forward portion of the fuel and power purchase adjustment surcharge, followed by the following month. The carry forward must be recovered within a year or before the next tariff cycle, whichever comes first.
3. Substitution of Clause 10.70- If fuel and power purchase adjustment surcharges are carried forward, the carrying cost at the bank rate + 150 basis points will be permitted until the amount is recouped through tariffs, and this carrying cost will be fully capitalized in the year that is being examined.

Please refer to the attached document for more details.

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