THE
JHARKHAND GAZETTE
EXTRAORDINARY
PUBLISHED BY AUTHORITY
8 PAUSH 1947 (S)
RANCHI MONDAY 29TH DECEMBER, 2025
JHARKHAND STATE ELECTRICITY REGULATORY
COMMISSION
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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.
No. 583
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Jharkhand Gazette (Extraordinary) Monday 29th December, 2025
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:”
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Jharkhand Gazette (Extraordinary) Monday 29th December, 2025
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
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Jharkhand Gazette (Extraordinary) Monday 29th December, 2025
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:
Sr.
No.
Description
Filing of the
Document by
Furnishing additional
information as sought
by the Commission
Disposal of the
Application
1.
Business Plan for the Control
Period and MYT Petition for
the Control Period for FY
2025-26 to FY 2030-31
November
30,
2025
Within
15
days
of
issuance
of
letter
regarding
the
information required.
Within
120
days
of
acceptance of
the filing
2.
True-Up for the previous year,
Annual Performance Review
for the current year and ARR
&
Fees
and
Charges
Determination for the next year
of the Control Period
November 30 of
the
financial
year for which
APR has been
sought
Within
15
days
of
issuance
of
letter
regarding
the
information required.
Within
120
days
of
acceptance of
the filing
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.