CERC seeks discom nod over compensatory tariffs quantum

Two weeks after the Deepak Parekh Committee submitted their report to Electricity regulator, CERC, the report is likely to go back to the panel. With the absence of discom approval, regulator has sought clarity from these distribution companies on their stand, reports CNBC-TV18's Aastha Maheshwari.

CERC has sought clarity from state distribution companies on their approval over quantum of compensatory  tariffs proposed by the panel. The Deepak Parekh panel had recommended a compensatory tariff of 45-55 paise for its 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for its 4,620 MW Mundra plant. Out of the 4620 MW, the 1500 MW PPA signed with Haryana is also expected to get a tariff increase by 90 paise / unit.

CNBC-TV18 learns that the Deepak Parekh report was not ratified by the distribution companies which according to CERC indicates that they are possibly not on board with the report. Thus CERC has called for a hearing on September 13 on the Tariff revision issue, where they will be asking the distribution companies to make their stand clear.

Meanwhile, sources also indicate that the state distribution companies have already written to their respective state governments seeking their views. While it will take a while before concensus is reached, it can safely be said that for Adani and Tata this wait could get longer.