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

Himachal Pradesh Electricity Regulatory Commission Issues Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Transmission Tariff) Regulations, 2023

14-Mar-2024 | No. HPERC-F(1)-68/2023

The Himachal Pradesh Electricity Regulatory Commission (HPERC) in exercise of relevant powers under Electricity Act, 2003 has issued the Electricity Regulatory Commission (Terms and Conditions for Determination of Transmission Tariff) Regulations, 2023.

The Regulations shall come into effect from 1st April 2024 and shall suppress the previously issued Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions of Transmission Tariff) Regulations, 2011.

The Regulations shall be applicable to all existing and future Transmission Licensees, and their successors, in all matters covered under these Regulations from 1st April 2024 up to 31st March 2029 and beyond if the applicability is extended by the HPERC.

Highlights of the Regulations are:
1. Determination of tariffs to be done by the HPERC under the concept of Multi Year Tariff Framework in accordance with the HPERC (Conduct of Business) Regulations, 2005
2. Filing of Business Plan by the Licensee with requirements as mentioned in the regulations to the HPERC.
3. Monitoring of transmission related issues by the HPERC.
4. Principles of determination of Aggregate Revenue Requirements (costs which may be recovered by the licensee from the tariffs and charges).
5. Performance review of the Transmission Licensee as per the provisions of the regulation.

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

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