New Delhi: From this summer, prepare to pay more for power if electricity consumption exceeds expectations and your power supplier has to make emergency arrangements to bridge the demand-supply gap.
Learning from the crisis they faced in the summer of 2009 where surging power demand in Delhi surpassed all arrangements they had made, discoms in the latest tariff petitions for financial year 2012-13 have asked Delhi Electricity Regulatory Commission (DERC) to implement the overall power purchase adjustment formula with immediate effect.
Discoms supported their demand with a direction from the Appellate Tribunal of Electricity, which has recently asked all state regulatory commissions to implement power purchase adjustment formulas, rather than just variable (fuel) cost for distribution licensees on November 11, 2011.
While the BSES discoms have asked for implementation of power purchase adjustment formula on a monthly basis, Tata Delhi power has asked for it to be given to them on a quarterly basis. Less than a month ago, the discoms were granted fuel adjustment formula wherein variations in fuel cost in the international market would be passed on to consumers every three months. The power companies, however, said this was not enough to make up for their losses as the fuel adjustment formula was limited to certain generation stations and select plants only. "All the power supply we receive is through long-term power purchase or bilateral purchases. If the fixed cost (capital) goes up, then the generation company can pass it on to the discom as per a CERC order. Discoms meanwhile can only pass on variable (fuel) cost of selection generating stations to consumers,'' said a BSES official. Following a petition filed by discoms, the Tribunal has directed all regulatory commissions to implement power purchase adjustment formula as soon as possible.
with thanks : TOI : link in headline for detailed news.
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