ODISHA ELECTRICITY REGULATORY COMMISSION

BUDYUT NIYAMAK BHAWAN, PLOT NO.-4, CHUNOKOLI,

SHAILASHREE VIHAR, BHUBANESWAR - 751021

E-mail: [email protected], Website: www.orierc.org

NOTIFICATION

The 22nd January 2024

No. 85ņOERC-Engg-92/2003 (Vol. VIII)ņIn exercise of powers conferred on it under

Section 50 read with Section 181(2)(t),(v),(w) & (x) read with Part-VI of the Electricity Act, 2003

(Act 36 of 2003) and all other powers enabling it in this behalf, the Odisha Electricity Regulatory

Commission had framed OERC Distribution (Conditions of Supply) Code, 2019 which were

published in the Odisha Gazette extraordinary No.1927 dt. 11^th October, 2019.

In the meanwhile, it has been observed that there is incongruity in the definition of “Bank

Rate” between Odisha Electricity Regulatory Commission Distribution (Conditions of Supply)

Code, 2019 and Odisha Electricity Regulatory Commission (Terms and Conditions for

Determination of Wheeling Tariff and Retail Supply Tariff) Regulations, 2022. To avert anomaly

in the matter of actual meaning and implications of the provisions contained in existing Regulation

57 (i) and 57 (ii) of Odisha Electricity Regulatory Commission Distribution (Conditions of

Supply) Code, 2019, amendment was proposed to be effected to Regulation 57.

The Commission after obtaining objections/ suggestions on draft Regulation under Section

181(3) of the Electricity Act, 2003, hereby notifies the following amendments to Regulation 57 of

OERC Distribution (Conditions of Supply) Code, 2019 for information of general public:

1.

Short title and commencement

(i)

These Regulations may be called the “Odisha Electricity Regulatory Commission

Distribution (Conditions of Supply) (2^nd Amendment) Code, 2024”.

(ii)

It shall come into force on the date of its publication in the Official Gazette.

The Odisha

G a z e t t e

EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 410 CUTTACK, MONDAY,

FEBRUARY

26, 2024/FALGUNA 7, 1945

2.

Amendment to Regulation 57

The existing Regulation 57 shall be replaced and shall be read as stated hereinafter:

(i)

The Licensee/Supplier shall pay interest on security deposit to the consumer, at the

bank rate as on 1^st April of the relevant year declared by the Reserve Bank of India:

Provided that the Commission in its tariff order for the respective financial year

may direct the Licensee/Supplier to pay a higher rate of interest.

(ii)

The interest accruing to the credit of the consumer shall be adjusted annually in the

amounts outstanding from the consumer to the Licensee/Supplier as on 1^st May of

every year and the amounts becoming due from the consumer to the

Licensee/Supplier immediately thereafter.

(iii)

The Licensee/Supplier shall duly show the amounts becoming due to consumer

towards interest on the security deposit in the bills raised on the consumer.

(iv)

The Licensee/Supplier shall pay interest at twice the rate specified under Sub-

Regulation (i) above for the delay in making the adjustments for interest on

security deposit.

By order of the Commission

(Priyabrata Patnaik)

Secretary

Printed and published by the Director, Directorate of Printing, Stationery and Publication, Odisha, Cuttack-10

Ex. Gaz. 2620-173+30

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