Jharkhand Gazette, No. 583, 30 December 2025

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THE

JHARKHAND GAZETTE

EXTRAORDINARY

PUBLISHED BY AUTHORITY

8 PAUSH 1947 (S)

No. 583

RANCHI MONDAY 29TH DECEMBER, 2025

JHARKHAND STATE ELECTRICITY REGULATORY COMMISSION -------- NOTIFICATION 29th December, 2025

JSERC (Levy and Collection of Fees and Charges by State Load Despatch

Centre) (First Amendment) Regulations, 2025

Notification No. 121--In exercise of power under Section 181(2)(g) of the Act, the Jharkhand StateElectricity Regulatory Commission, hereby makes the following Regulations to amend the JSERC (Levy and Collection of Fees andCharges by SLDC) Regulations, 2020 (hereinafter referred to as the 'Principal Regulations').

1. Short Title and Commencement

1.1. These Regulations may be called the JSERC (Levy and Collection of Fees and Charges by State Load Despatch Centre) (First Amendment) Regulations, 2025.

1.2. These Regulations shall come into force from period from April 01, 2026 to March 31, 2031, after its publication in the Official Gazette of the Government of Jharkhand and unless reviewed earlier or extended by the Commission, shall remain in force upto March 31, 2031.

1.3. These Regulations shall extend to the State of Jharkhand.

2. Amendment to Clause 3.1.(h), 3.1.(mm)

The above Clauses of the Principal Regulations aredeleted and replaced as follows:

"h. 'Base Year' means the Financial Year 2025-26 and used for the purposes of

these Regulations."

"mm. 'Tariff Period' shall mean the period from April 01, 2026 and up to March

31, 2031, for which Tariff is determined by the Commission under these

Regulations."

3. Amendment to Clause 3.4, 5.1, 5.3, 6.3, 7.4, 9.5, 10.7, 10.24, 10.26 (a), 10.27, 12.3,

13.1, 14.1, 18.1, 23.1

The above Clauses of the Principal Regulations aredeleted and replaced as follows:

"3.4All proceedings under these Regulations shall be governed by the JSERC

(Conduct of Business) Regulations, 2024, as amended or re-enacted from time to

time."

5.1 The MYT Framework shall commence from April 01, 2026 and unless

reviewed earlier or extended by the Commission, shall be applicable till March 31,

2031. The ARR filings for the Control Period shall be done in accordance with the

MYT framework contained in these Regulations."

5.3 The MYT Application shall include statements containing ARR along with

its break up for the Years of the previous Control Period based on Audited

Accounts for FY 2020-21 to FY 2024-25, segregated amongst Transmission and

SLDC Businesses, revised estimates for Base Year FY 2025-26, and projections for

each year of the Control Period."

6.3 The values for the Base Year of the Control Period shall be determined

based on the audited accounts available for FY 2020-21 to FY 2024-25. In the

absence of audited accounts of any such year, the Commission may consider best

estimate for such years after carrying out due, prudence check and after taking into

account other factors as considered relevant by the Commission."

7.4 The amount under-recovered or over-recovered, along with interest at the

rate equal to Bank Rate as on April 01 of the respective year plus 200 basis points,

shall be recovered or refunded by SLDC, in six equal monthly instalments starting

within three months from the date of the Tariff Order issued by the Commission:"

9.5 SLDC shall submit the Auditor's Certificate for the Capital Expenditure

incurred as on April 01, 2025 and a Management Certificate duly signed by an

authorised person, not below the level of Director of the Company, for the

projected Capital Expenditure for respective years of the Control Period:"

10.7 The normative loan outstanding as on April 01, 2026 shall be worked out by

deducting the cumulative repayment as admitted by the Commission up to March

31, 2026 from the gross normative loan."

10.24 The SLDC shall submit details on O&M expenses as required by the

Commission. The O&M expenses for the Base Year shall be approved by the

Commission taking into account the audited accounts of FY 2020-21 to FY 2024-

25, business plan filed by the SLDC, estimates of the actuals for the Base Year,

prudence check and any other factor considered appropriate by the Commission.

10.26 The above components shall be computed in the manner specified below:

a) R&Mn = K*GFA* (INDXn/ INDX0)

Where,

'K' is a constant (expressed in %) governing the relationship between R&M

costs and Gross Fixed Assets (GFA) and will be calculated based on the %

of R&M to GFA of the preceding year of the Base Year after normalising

any abnormal expenses;

'GFA' is the opening value of the gross fixed asset of the nth year;

INDXn is the indexation for nth year of control period;

INDXo is the indexation for the base year of the control period;

10.27 The SLDC, in addition to the above details shall also submit the detailed

break-up of the Legal/Litigation Expenses for the previous Years (FY 2020-21 to

FY 2024-25) along with the details and documentary evidence of incurring such

expenses. The Commission shall approve the legal expenses as per the relevant

provisions of the Jharkhand State Litigation Policy based on the necessary

documentary evidence submitted for the Control Period and shall carry out due

prudence check of legal expenses at the time of truing up.

12.3 In case the payment of any bill for charges payable under these Regulations

is delayed by a User beyond a period of 60 days from the date of billing, a late

payment surcharge shall be levied by the SLDC at the Bank Rate as on April 01 of

the respective year plus 200 basis points shall be applicable for the first month, and

for every month or part thereof delay, the rate of late payment surcharge shall

increase by 50 basis points, subject to a maximum of Bank Rate as on April 01 of

the respective year plus 500 basis points.

13.1 The Multi Year Tariff filing shall be in such form and in such manner as

may be decided by the Commission and as per the provisions of JSERC (Conduct of

Business) Regulations, 2024, as amended or re-enacted from time to time.

14.1 The Commission shall process the filings made by the SLDC in accordance

with these Regulations and the JSERC (Conduct of Business) Regulations, 2024, as

amended from time to time

18.1 In case of dispute, any of the parties may make an application in

accordance with the JSERC (Conduct of Business) Regulations, 2024, as amended

from time to time, including statutory re-enactment thereof, for settlement of the

dispute.

23.1 All enquiries, investigations and adjudications under these Regulations

shall be done by the Commission through the proceedings in accordance with the

provisions of the JSERC (Conduct of Business) Regulations, 2024, as amended

from time to time

4. Amendment to Clause A 26: Summary of Timelines.

The above Clause of the Principal Regulations is deleted and replaced as follows:

By Order of the Commission

Sd/- ( R.P.Nayak) Secretary

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Printed & Published by the Superintendent of Jharkhand Government Press, Doranda, Ranchi. Jharkhand Gazette (Extraordinary) 583-- 50.