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Bulk Supply Tariff – (BST)
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Revenue Requirement of GRIDCO has been estimated on the basis of the correctives accepted by the Govt. of Orissa vide Notification No. 1068
dtd. 29.01.2003 and Deepak Parekh Committee recommendation.
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Recommendations of Deepak S Parekh Committee as approved by Govt. of India have been assumed to be applicable to the State of Orissa and accordingly old liabilities to the extent of Rs.1583 crore have been transferred to Power Sector Reform Fund
(PSRF).
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Depreciation has been calculated on the pre-upvalued cost of the assets as on 01.04.1996 with actual additions thereafter at pre-92 rate as per the Govt. of Orissa notification dated 29.01.2003 and order dt.03.02.2003 in Misc. Case No.7410 and 8953 of 2002 and order dt.14.03.2003 in Misc. Case No.414 and 580 of 2003 arising out of
O.J.C. No.6751 of 2001 of the Hon’ble High Court.
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No return on equity has been allowed to GRIDCO whereas return on equity has been allowed in case of OHPC for new projects commissioned after 01.04.1996 as per Govt. of Orissa notification No.1068 dated 29.01.2003 and corrigendum No.5302 dated 06.05.2003.
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Principle of Long Term Tariff Strategy adopted with initial control period of 4 years i.e. from FY 2003-04 to FY 2006-07. This means that for the said control period, principles of tariff-setting shall remain unaltered. But tariff-setting can be done as per S. 26 of OER Act. A separate order in this behalf has been passed by the Commission on 18.06.2003 and filed with the tariff orders before the Hon’ble Court.
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The impact of implementation of Availability Based Tariff
(ABT) has been taken into account.
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Export of 2313.94 MU of power by GRIDCO to the neighbouring States have been envisaged.
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The Commission has been adopting differential bulk supply tariff for different DISTCOs in order to maintain uniform retail supply tariff throughout the State. Thus, differences in cost structure and consumer-mix of DISTCOs get mitigated by
highcost-incurring DISTCOs paying less bulk supply tariff.
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With the above mentioned correctives and assumptions, the BST for 2003-04 will be as follows:
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Licensee
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With Parekh Committee Recommendation (P/U)
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Without Parekh Committee Recommendation (P/U)
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CESCO
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92.00
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100.00
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NESCO
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86.00
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94.00
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WESCO
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96.50
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103.85
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SOUTHCO
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84.00
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92.00
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There shall be no change in the existing tariff, provided the State Govt. accepts Parekh Committee recommendations as adopted by the Commission in its tariff order.
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Demand charge : Rs.200/KVA/month remains unchanged.
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Transmission charge : 32 paise/unit remains unchanged if Parekh Committee recommendations are accepted by the Govt. of
Orissa. Otherwise, it would be 40 paise/unit.
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Transmission loss has been approved at 3.58%.
The Commission has approved GRIDCO’s revenue requirement for 2003-04 at
Rs. 2045.00 crore (applying correctives) which GRIDCO is allowed to recover at an approved tariff in accordance with
Deptt. of Energy, Govt. of Orissa notification No.1068/E dtd.29.01.03 and Parekh Committee recommendations duly accepted by Govt. of India. In case Govt. of Orissa does not accept the Parekh Committee recommendations, as advised by the Commission, the revenue requirement of GRIDCO for FY 2003-04 would increase by
Rs. 94.10 crore and thereby BST would rise by 7.81 p/u over a period of 12 months, with consequential RST rise w.e.f 01.11.2003. It is made clear that the tariff hereby made effective from 01.11.2003 shall not be construed as an amendment of this tariff order and there shall be no fresh proceeding u/s 26 (6) of the OER Act. However, in the event of such non-acceptance by the State Govt. on or before 22.10.2003, tariff as given above shall be applicable and be published for giving effect thereto after 7 days from the date of publication. The amount left unrecovered due to shorter tenure of recovery or partial acceptance of the Parekh Committee recommendation, would be carried forward to 2004-2005 for adjustment.
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