REGULATORY AFFAIRS
Power Regulator Order In Consumers Interest Pramod Deo
MUMBAI. The Appellate Tribunal for Electricity (Aptel) has struck down the Central Electricity Regulatory Commission (CERC)’s order on compensatory tariff. Former CERC chairman Pramod Deo, during whose tenure the compensatory tariff order was passed, talks to Sanjay Jog on the issue.
Aptel held that the central government’s guidelines on competitive bidding do not provide for general regulatory powers to override the terms of power purchase agreements (PPAs). Accordingly, the central government has not delegated or prescribed any power in the commission to grant compensatory rate. According to Aptel, the commission has no power to modify the rate or grant compensatory rate to the generators.
Source:http://www.business-standard.com/article/economy-policy/power-regulator-order-in-consumers-interest-pramod-deo-116040800425_1.html
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