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Legal Himachal Pradesh Ministry of New and Renewable Energy Electricity Act, 2003

Government of Himachal Pradesh issues Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Hydro Generation Tariff) Regulations, 2024

05-Jun-2024 | 52/GAZETTE/2024-10/06/2024

The Government of Himachal Pradesh via notification published in the official gazette dated 5th June 2024 has notified the Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Hydro Generation Tariff) Regulations, 2024. The notification was published in the gazette on 10th June 2024.

These Regulations have been introduced to supersede the Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions of Hydro Generation Tariff) Regulations, 2011.

By virtue of this regulation, following regulations have been introduced with respect to Hydro Generation Tariff:
1. Regulation 5 ? For approval of Aggregate Revenue Requirement and revenue from tariff, the commission will be adopting a multi year tariff framework.
2. Regulation 8 - The Hydro generating company are expected to file a Business Plan along with Multi Year Tariff Petition, for the Control Period of financial years for approval of the Commission on or before 30th November of the year preceding the first year of the Control Period.
3. Regulation 13 - The generating company may make an application for determination of tariff for a new generating station or unit thereof in accordance with these Regulations within 90 days from the actual date of commercial operation.
4. Regulation 16 - The true up shall be conducted by the Commission, for the previous years for which the actual/audited accounts are made available by the Hydro generating company in the manner as provided under the regulation.

For more information, please refer to the document attached hereby.

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