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Regd. No. NW/CH-22

Regd. No. CHD/0092/2018-2020

EXTRAORDINARY

Published by Authority

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PUNJAB STATE ELECTRICITY REGULATORY COMMISSION

NOTIFICATION

The 10th September, 2020

No. PSERC/Secy./Regu. 150.- In exercise of the powers conferred under sub-section (3) of Section

32, sub-section (4) of Section 33, Sections 66, Clauses (b) and (h) of sub-section (1) of Section 86, and Clauses

(g) and (zp) of sub-section (2) of Section181of the Electricity Act, 2003 (36 of 2003), and all other powers

enabling it in this behalf and after previous publication, the Punjab State Electricity Regulatory Commission

hereby makes the following regulations, namely:

1.

Short Title, Extent and Commencement

1

These Regulations may be called the Punjab State Electricity Regulatory Commission (Deviation

Settlement Mechanism and related matters) Regulations, 2020.

2

These Regulations shall come into force from the date of their notification in the official Gazette of

the State;

Provided that the commercial arrangements specified under Clause (9) and (10) of these

Regulations, and the related provisions regarding Deviation Charges, Additional Charge for Deviation

and penal actions, if any, shall come into force from a date to be notified separately;

Provided further that till notification of commercial arrangements under these regulations, the

CERC (Deviation Settlement Mechanism and Related Matters) Regulations, 2014, as amended

from time to time, read with Commission’s order dated 28.11.2014 in petition no. 27 of 2014 and

PSERC (Terms and Conditions for Intra-State Open Access) Regulations, 2011, as amended from

time to time, as applicable, shall remain in force for levy of deviation/imbalance charges including

methodology of deviation and all related commercial arrangements;

Provided also that deviation of wind and solar generators, shall be treated as per the provisions

of “Punjab State Electricity Regulatory Commission (Forecasting, Scheduling and Deviation Settlement

for Solar and Wind Generation) Regulations, 2019.

3.

These Regulations shall extend to whole of the State of Punjab.

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2.

Definitions and Interpretation

1

In these Regulations, unless the context otherwise requires -

a.

‘Act’ means the Electricity Act, 2003 (36 of2003);

b.

‘Actual drawal’ in a time-block means electricity drawn by a Buyer, as measured by the

interface meters;

c.

‘Actual injection’ in a time-block means electricity generated or supplied by the Seller, as the

case may be, as measured by the interface meters;

d.

‘Area Clearing Price (ACP)’ means the price of a time block electricity contract established

on the Power Exchange after considering all valid purchase and sale bids in particular area(s)

after market splitting, i.e. dividing the market across constrained transmission corridor(s);

e.

‘Buyer’ means a person, including distribution licensee, deemed distribution licensees or open

access consumer, purchasing electricity through a transaction scheduled in accordance with

the regulations applicable for short-term open access, medium-term open access and long-

term access;

f.

Connectivity Regulations' means the Punjab State Electricity Regulatory Commission (Terms

and Conditions for Intra-state Open Access) Regulations, 2011,as amended from time to time

and shall include any subsequent amendment thereof;

g.

‘Commission' means the Punjab State Electricity Regulatory Commission referred to in sub-

section (1) of section 82 of the Act;

h.

‘Day Ahead Market (DAM)’ means a market where physical delivery of electricity occurs

on the next day (T+1) of the date of transaction (T) and is governed by the Central Electricity

Regulatory Commission (Power Market) Regulations, 2010 (as amended from time to time),

the Rules and Bye-Laws of the Power Exchanges as approved by the Central Commission;

i.

“Daily Base DSM Charge” means the sum of charges for deviations for all time blocks in a

day payable or receivable as the case may be, excluding the additional charges specified under

Regulation 10 of these Regulations;

j.

‘Deviation’ in a time-block for a Seller means its total actual injection minus its total scheduled

generation and for a Buyer means its total actual drawal minus its total scheduled drawal;

k.

‘Deviation Settlement Mechanism’ shall mean and include the framework for energy

accounting, deviation accounting, rules for pricing of deviation(s) payable and receivable by

the State entities and other design parameters as specified under Regulation 6 of these

Regulations;

l.

‘Full Open Access Consumer’ shall mean Open Access Consumer connected to transmission

system or distribution system but not having any contract demand with the distribution licensee

within the state;

m.

‘Gaming’ in relation to these Regulations, shall mean an intentional mis-declaration of declared

capacity by any Seller or intentional mis-declaration of drawal schedule by any Buyer in order

to make an undue commercial gain through Charge for Deviations;

n.

‘Grid Code’ means the Grid Code specified by the Commission under clause (h) of sub-

section (1) of Section 86 of the Act;

o.

‘Indian Electricity Grid Code’ (or ‘IEGC’) means the Grid Code specified by the Central

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Electricity Regulatory Commission under Section 79(1)(h) of the Act;

p.

‘Interface Meters’ means interface meters as defined by the Central Electricity Authority

under the Central Electricity Authority (Installation and Operation of Meters) Regulations,

2006, as amended from time to time;

q.

‘Load Despatch Centre’ means National Load Despatch Centre, Regional Load Despatch

Centre or State Load Despatch Centre, as the case may be, responsible for coordinating,

scheduling of the Buyers and the Sellers in accordance with the provisions of Grid Code;

r.

‘MoD Guidelines’ means the Guidelines for operation of Merit Order Despatch and

amendments thereof, as may be approved by the Commission separately, if required, in

accordance with State Grid Code;

s.

'Open Access Regulations' means the Punjab State Electricity Regulatory Commission

(Terms and conditions for Intra-State Open Access) Regulations, 2011, as amended from time

to time;

t.

‘Partial Open Access Consumer’ shall mean Open Access Consumer connected to the

transmission system or distribution system and having his contract demand with the distribution

licensee within the state;

u.

‘Scheduled Generation’ at any time or for a time block or any period means schedule of

generation in MW or MWh ex-bus given by the concerned Load Despatch Centre;

v.

‘Scheduled Drawal’ at any time or for a time block or any period time block means schedule

of despatch in MW or MWh ex-bus given by the concerned Load Despatch Centre;

w.

‘Seller’ means a person, including a generating station or unit of generating station including

Captive Power Plant, supplying electricity to the grid through a transaction scheduled in

accordance with the regulations applicable for short-term open access, medium-term open

access and long-term open access;

x.

‘State Deviation Pool Account’ means the State Account for receipts and payments on

account of deviations by Buyers and Sellers;

y.

‘State Entity’ means such person who is in the SLDC control area and whose metering and

energy accounting is done at the state level;

z.

‘State Load Despatch Centre’ or ‘SLDC’ means the Load Despatch Centre of the State

established under sub section (1) of section 31 of the Act, responsible for co-ordinating scheduling

of the state entities in accordance with the provisions of State Grid Code;

aa.

‘Time-Block’ means a time block of 15 minutes or any such shorter duration as may be

notified by the Commission, for which specified electrical parameters and quantities are recorded

by a special energy meter, with the first time block starting at 00.00 hours;

bb.

‘Time Block DSM Charge’ means the charge for deviation for the specific time block in a

day payable or receivable as the case may be, excluding the additional charges as specified

under Regulation 10 of these Regulations.

2

Save as aforesaid and unless repugnant to the context or the subject-matter otherwise requires,

words and expressions used in these Regulations and not defined, but defined in the Act, or the Grid

Code or any other Regulations of this Commission shall have the meaning assigned to them respectively

in the Act or the Grid Code or any other regulation as the case may be.

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3.

Objective

The objective of these Regulations is to maintain grid discipline and grid security as envisaged under the Grid

Code through a commercial mechanism for Deviation Settlement for controlling drawal and injection of electricity

by the users of the grid as per schedules.

4.

Applicability

These Regulations shall apply to the Seller(s) and Buyer(s) involved in the transactions facilitated through

short- term open access or medium-term open access or long-term access using intra-state transmission system

(InSTS) and/or distribution system of electricity ( and when such Intra-State system is used in conjunction with

Inter-State transmission system),subject to the following conditions:

(A) Deviation Settlement Mechanism under these Regulations shall be applicable for all Seller(s) having

installed capacity above 5 MW(or such other threshold capacity), including renewable energy generators

(excluding wind and solar generating stations), open access generators, captive generators (excluding in-

situ captive generators) connected to intra-State transmission system;

Provided that, the revision in the threshold capacity limit shall be separately notified by the Commission

in stages considering implementation issues;

Provided further that, forecasting, scheduling and deviation settlement related matters regarding

wind and solar generation shall be governed as per the provisions of Punjab State Electricity Regulatory

Commission (Forecasting, Scheduling and Deviation Settlement for Solar and Wind Generation) Regulations,

2019” and its amendments thereof;

Provided also that, in case of a Captive Power Plant (CPP) connected to InSTS or the distribution

system wheeling power under Open Access Regulations and availing Standby power under PSERC

(Harnessing of Captive Power Generation) Regulations, 2009, as amended from time to time, the overdrawal

during the period of Standby power shall be as per PSERC(Harnessing of Captive Power Generation)

Regulations, 2009, as amended from time to time.

(B)

Deviation Settlement Mechanism under these Regulations shall be applicable for all Buyer(s) including

distribution licensee(s), deemed distribution licensee(s) located in the state and full open access consumers

connected to intra-State transmission system(InSTS);

Provided that, Deviation Settlement of partial open access consumers connected to intra-State

transmission system and all open access consumers connected to the distribution network shall be in

accordance with the provisions of the Open Access Regulations;

Provided further that, in case of full open access consumers connected to InSTS and availing

standby power under Open Access Regulations, the overdrawal during the period of standby power shall

be dealt as per the Open Access regulations.

5.

Duties of State Load Despatch Centre and State Entities

These Regulations aim to govern the functioning of various State entities in a way that discipline is maintained

with regards to the injection and drawal of energy by such State entities and the reliability and integrity of the

system is maintained.

To meet these objectives, necessary preconditions and covenants for participation by the State entities shall be

as under:

(1)

The State entities shall inform the SLDC of all contracts that they have entered into for exchange of

energy.

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(2)

The State entities shall operate their generating equipment and loads in a manner that is consistent

with the provisions of the Punjab State Grid Code.

(3)

To gain physical access and connection to the intra-State transmission system (InSTS) or the

distribution system, the State entities shall enter into a Connection Agreement/Open Access Agreement

with the concerned transmission licensee or the distribution licensee. This agreement shall specify

physical and operational requirements for reliable operation of InSTS or the distribution system as

the case may be, in accordance with Punjab State Electricity Regulatory Commission (Terms and

Conditions of Intra State Open Access) Regulations, 2011 and its amendments thereof. The State

Transmission Utility (STU) or the distribution licensee, as the case may be, shall make necessary

arrangements for installation of suitable meters, capable of recording energy flows at 15-minute

intervals or any other time interval as specified by the Commission, at the points of injection and

drawal of the State entities. The time synchronisation of the metering system shall be through Global

Positioning System with counter check from the State Energy Accounting Centre which is the

SLDC.

(4)

SLDC shall take all decisions regarding the despatch of generating stations after evaluating all the

possible network parameters, constraints, congestions in the transmission network. In the event of

any network aberration, the instructions issued by the SLDC relating to despatch and drawal shall

be binding on all State entities.

SLDC shall publish on its website all such information as required for all other State entities to be

aware of the energy exchanges taking place within the pool as well as exigency conditions, if any

with regard to the despatch of power.

6.

Principles for Operationalising Deviation Settlement Mechanism

The framework for Deviation Settlement Mechanism shall cover the following key design parameters,

viz., (a) Scheduling Period (b) Guiding Principles for Scheduling and Despatch (c) Operating Range of

Frequency (d) Deviation (e) Settlement Period (f) Measurement Unit for State Deviation Pool Account

(g) Deviation Pool Price Vector (h) Deviation Volume Limit (i) Allocation of Losses.

(A) Scheduling Period: The scheduling period shall comprise of 96-time blocks, each of 15-minute duration

starting from 00:00 hours (IST) ending with 24:00 hours (IST). The first time block of scheduling period

shall commence from 00:00 hours (IST) to 00:15 hours (IST), second time block of scheduling period shall

commence from 00:15 hours (IST) to 00:30 hours (IST) and so on or such other period as the Commission

may specify.

(B) Guiding Principles for Scheduling and Despatch: All the Sellers and Buyers under these Regulations

shall be guided by the scheduling and despatch procedure to be formulated by the SLDC in accordance

with the provisions of the Punjab State Grid Code and amendments thereof. The scheduling and despatch

code thereon shall be governed by following principles:

i.

Based on the availability given by generators (Sellers) and load requirement forecasted by Buyers,

the SLDC shall draw up the least cost despatch schedule on Day Ahead basis for the State Entities

in accordance with the merit order principles as specified in State Grid Code or the guidelines as

may be approved by the Commission separately, if required, in accordance with the State Grid

Code.

ii.

Wheeling transactions of captive users and open access consumers shall be despatched as contracted,

subject only to transmission constraints and system emergency conditions.

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iii.

Transactions/submission of generation data of SGS operating under distribution licensee:

The SGS shall make an advance declaration of ex-power plant MW and MWh capabilities foreseen

for the next day to the SLDC in accordance with the provisions of the State Grid Code.

iv.

Scheduling Generating Stations under Bhakra Beas Management Board (BBMB):

BBMB would coordinate and finalise the schedules of generating plants under BBMB in accordance

with requirements of its beneficiary States and these shall be communicated to the NRLDC who in

turn would inform the SLDC in accordance with the IEGC.

v.

During real time operation, in case the grid parameters including frequency, voltage, transmission

line loading and substation loading conditions deviate beyond permissible operating range, the SLDC

shall take suitable measures in the interest of reliable and safe grid operations or to ensure compliance

of RLDC instructions in conformity with the provisions of the DSM Regulations of Central Commission

and the amendments thereof.

Accordingly, the SLDC shall issue necessary despatch or curtailment instructions in accordance

with least cost despatch schedule order, so as to maintain the load generation balance and comply

with conditions stipulated under the IEGC and the State Grid Code

The SLDC shall maintain and publish a separate account of such actions initiated by it in the interest

of grid operations or in compliance of RLDC instructions in conformity with DSM Regulations of

the Central Commission. The SLDC shall publish a monthly report of exchange of power capacity,

if any, amongst the State Entities consequent to such SLDC interventions.

The time block wise settlement of such exchange of power on account of such actions initiated by

SLDC shall be settled at the applicable Deviation rate including Additional Deviation Charges, if

any, for the state at the state periphery for the respective time block.

(C) Operating Range for Frequency: The normal operating range for average grid frequency for time

block shall be in line with the range stipulated under the IEGC and Punjab State Grid Code, as amended

from time to time (presently it is 49.90Hz to 50.05 Hz). While the normal operating range of average

frequency as per SGC has been specified as 49.90Hz to 50.05 Hz but the deviation price vector has been

specified under regulation 9 and 10 of these regulations for frequency range of 49.85 Hz to 50.05 Hz. No

over-drawal or under injection shall be allowed when grid frequency is below 49.85 Hz and no under-

drawal or over-injection shall be allowed when grid frequency is above 50.05 Hz.

(D) Deviation: For the purposes of deviation settlement amongst the State entities, the SLDC shall work out

deviation comprising over-drawal/under-drawal and over-injection/ under-injection for each State Entity

corresponding to each scheduling period. Charges for Deviation shall be in accordance with regulation 9

and 10 of these regulations.

(E)

Settlement Period: Preparation and settlement of the ‘State Deviation Pool Account’ shall be undertaken

on a weekly basis coinciding with the mechanism followed for the regional Deviation Settlement Accounts.

(F)

Measurement Unit for State Deviation Pool Account: The measurement unit for the State Deviation

Pool Account for Volume shall be kilowatt hours (kWh) and for Value (payable and receivable) shall be in

Indian Rupees (INR). The decimal component of the energy unit (kWh) and amount (INR) shall be

rounded off to the nearest integer value. In addition, the interface meters and the state energy account

shall capture the reactive energy exchange over interface points, however, the reactive energy pricing

framework and compensation for reactive energy exchange shall be dealt with separately.

(G) Deviation Pool Price Vector: The pricing of deviation of Buyers/Sellers shall be in accordance with the

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Deviation Price Vector as specified in the Central Electricity Regulatory Commission (Deviation Settlement

Mechanism and related matters) Regulations, 2014 and its amendments thereof;

Provided that in the event of violation of the sign change requirement, an additional charge shall be

levied as specified in clause (K) of Regulation 10;

Provided further that deviation of wind and solar generators, shall be treated as per the provisions of

“Punjab State Electricity Regulatory Commission (Forecasting, Scheduling and Deviation Settlement for

Solar and Wind Generation) Regulations, 2019.

(H) Deviation Volume Limit: To ensure grid discipline and grid security, conditions for Deviation Volume

Limit and consequences of exceeding such Deviation Volume Limit by way of levy of Additional Charges

for Deviation as specified under Regulation 10 shall be applicable.

(I)

Allocation of Losses: For scheduling purposes, intra-state transmission system losses as approved by

the Commission shall be allocated amongst the State entities in proportion to the scheduled drawal by

each State Entity;

Provided that the State Load Despatch Centre shall maintain an account of the actual intra-state

transmission system loss for each time block and publish on its website a reconciliation statement of the

monthly average intra-state transmission loss and the 52-week average intra-state transmission vis-à-vis

approved loss by the Commission.

7.

Declaration of Capacity and Scheduling

(1)

The provisions of the Punjab State Grid Code and Punjab State Electricity Regulatory Commission (Terms

and Conditions for Intra-State Open Access) Regulations, 2011, as amended from time to time, shall be

applicable for declaration of capacity and scheduling.

(2)

The generating Unit, as far as possible, shall generate electricity as per the day-ahead generation schedule

finalized by the SLDC in accordance with the Punjab State Grid Code;

Provided that the revision in generation schedule on the day of operation shall be permitted, in

accordance with Punjab State Grid Code and as amended from time to time.

8.

Treatment for Gaming

(1)

The Commission, either suo-motu or on a Petition made by the SLDC, or any affected party, may initiate

proceedings against any Seller or any Buyer on charges of gaming and if required, may order an enquiry

to be made by such officer of the Commission or such other party as the Commission may deem fit. The

enquiry officer so appointed shall submit his findings after hearing all the affected parties within such

time as may be fixed by the Commission and such investigating officer or authority shall exercise all

powers as envisaged under Section 128 of the Act.

(2)

If in the proceeding initiated by the Commission or in the enquiry made in this regard under Clause (1)

above, it is established that any Seller or any Buyer has indulged in gaming, the Commission may without

prejudice to any other action under the Act or Regulation made thereunder, disallow any Charges for

Deviation to such Seller or Buyer during the period of such gaming.

9.

Charges for Deviations

Deviation Charges for Sellers and Buyers:

(1)

The Charges for Deviation for all the time-blocks shall be payable for over-drawal by the Buyer and

under-injection by the Seller and receivable for under-drawal by the Buyer and over-injection by the

Seller, which are State entities, and shall be worked out on the average frequency of a time-block by

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considering the Price Vector for Deviation Charges as specified in the Central Electricity Regulatory

Commission (Deviation Settlement Mechanism and related matters)Regulations, 2014, as amended from

time to time, (as reproduced at Annexure I) and subject to the conditions under clause (2) to (7) of this

regulation.

(2)

The Cap rate for the charges for deviation for generating stations irrespective of the fuel type and

whether the tariff of such generating station is determined by the Commission or not, shall not exceed

363.10 Paise/kWh.

(3)

The Charges for Deviation of under-drawal by the Buyer in a time block in excess of 12% of the schedule

or[X]MW, whichever is less, shall be zero; wherein limit of [X] MW shall be determined as per the

methodology specified under Clause (B) of the Regulation 10 of these Regulations;

Provided that if the schedule of a buyer, in a time block, is less than or equal to 40 MW, the charges

for under-drawal in excess of 5 MW shall be zero.

(4)

The Charges for deviation of over-injection by the Seller in a time block in excess of 12% of the schedule

or 20 MW, whichever is less, shall be zero, except in case of injection of infirm power, which shall be

governed by Clause (7) of this Regulation;

Provided that if the schedule of a Seller, in a time block, is less than or equal to 40 MW, the charges

for over-injection in excess of 5 MW shall be zero.

(5)

The Charges for Deviation shall be zero at grid frequency of 50.05 Hz and above.

(6)

The Charges for Deviation corresponding to the grid frequency interval of 'below 50.01 Hz and not below

50.0 Hz' shall be the daily average of the Area Clearing Price discovered in the Day-Ahead Market

(DAM) segment of Power Exchange. The daily simple average ACP of the Power Exchange having a

market share of 80% or more in energy terms on a daily basis shall be used for linking to the DSM price.

If no single Power Exchange is having a market share of 80% or more, the weighted average of the daily

simple average ACP shall be considered.

(7)

The infirm power injected into the grid by a generating unit of a generating station during testing, prior to

COD of the unit shall be paid at Charges for Deviation for infirm power injected into the grid, consequent

to testing, for a period not exceeding six months or the extended time as may be allowed by the Commission

subject to the ceiling of Cap Rates corresponding to the main fuel used for such injection as specified

below:

Domestic coal/ Lignite/

Rs. 1.78/kWh sent out

Hydro

APM gas as fuel

Rs. 2.82/kWh sent out up to the date of revision of price of APM gas by the

Government of India and thereafter, at the rate to be notified by the Commission

separately

Imported Coal

Rs. 3.03/kWh sent out

RLNG

Rs.8.00/kWh sent out

10.

Limits on Deviation Volume and Consequences of Crossing Limits

(A) The over-drawal or under-drawal of electricity by any Buyer during a time block shall not exceed 12% of

its scheduled drawal or [X] MW, whichever is lower, when grid frequency is between the range of ‘49.85

Hz or above and below 50.05 Hz.’ The Volume limit for Buyers shall be determined as per clause (B) of

this Regulation;

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Provided that no over-drawal of electricity by any Buyer shall be permissible when grid frequency

is "below 49.85 Hz" and no under-drawal of electricity by any Buyer shall be permissible when grid

frequency is “50.05 Hz and above”.

(B) The Volume Limit for distribution licensee(s) and Buyers shall be determined as under:

i.

12% of drawal schedule or [X] MW, whichever is lower.

Where [X] MW= (Peak Demand of Distribution Licensee or Buyer / ΣNCPD) x State Volume

Limit)

Where, NCPD (Non-Coincident Peak Demand) represents the sum of Peak Demand of Distribution

Licensee(s) and Buyer(s)

Where, Peak Demand of the Distribution Licensee(s) and Buyer(s) shall be recorded Peak Demand

in the current Financial Year or Projected Peak Demand of Distribution Licensee(s) or Buyer(s) in

the ensuing Financial Year, whichever is higher;

ii.

Volume Limit for the Distribution Licensee or Buyer determined as per above formula shall be

rounded off to nearest integer value subject to minimum volume limit of 1 MW;

iii.

State Volume Limit shall be linked to Volume Limit (L) applicable to the State as per the

CERC(Deviation Settlement Mechanism and related matters) Regulations,2014 and its amendments

thereof.

(C) The under-injection or over-injection of electricity by Seller shall not exceed 12% of the scheduled injection

or 20 MW, whichever is lower when grid frequency is “49.85 Hz and above and below 50.05 Hz”;

Provided that in case the schedule of a Seller, in a time block, is less than or equal to 40 MW, under-

injection/over-injection in a time-block shall not exceed 5 MW, when grid frequency is “49.85 Hz and

above and below 50.05 Hz";

Provided further that no under-injection of electricity by a Seller shall be permissible when the grid

frequency is “below 49.85 Hz” and no over-injection of electricity by a Seller shall be permissible when

the grid frequency is “50.05 Hz and above.

(D) In addition to the Charges for Deviation as stipulated under Regulation 9 of these Regulations, Additional

Charges for Deviation shall be applicable for over-drawal as well as under-injection of electricity for each

time block in excess of the volume limit specified in Clause (B) and (C) of this Regulation, when average

grid frequency of the time block is “49.85 Hz and above” at the rates specified in Annexure-II in

accordance with the methodology specified in Clause (H) & (I) of this regulation.

(E)

In addition to the Charges for Deviation as stipulated under Regulation 9 of these Regulations, Additional

Charges for Deviation shall be applicable for over-injection/under-drawal of electricity for each time

block by a Seller or Buyer, as the case may be, when grid frequency is "50.10 Hz and above” at the rates

equivalent to the charges of deviation corresponding to the grid frequency of “below 50.01 Hz but not

below 50.0 Hz” or cap rate for deviation of 363.10 Paise/kWh, whichever is lower.

(F)

In addition to the Charges for Deviation as stipulated under Regulation 9 of these Regulations, Additional

Charges for Deviation shall be applicable for over-drawal of electricity by a buyer for each time block

when grid frequency is “below 49.85 Hz” as a percentage of charges for the deviation corresponding to

the average grid frequency of the time block and the same shall be equivalent to 100% of the charges for

deviation of 800 Paise/kWh corresponding to the grid frequency of ‘below 49.85 Hz’.

(G) In addition to the charges for deviation as stipulated under regulation 9 of these regulations, the Additional

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Charges for Deviation for under-injection of electricity by a Seller, during the time-block when grid

frequency is “below 49.85 Hz”, by any generating station irrespective of fuel type and whether the tariff

of such generating station has been determined by the Commission or not shall be equivalent to 100% of

the Cap Rate for deviations of 363.10 Paise/kWh.

(H) The Additional Charges for Deviation for over-drawal by a Buyer for each time block in excess of the

volume limit specified in Clause (B) of this regulation when grid frequency is "49.85 Hz and above" shall

be as specified by the Commission as a percentage of the charges for the deviation corresponding to

average grid frequency of the time block with due consideration to the behaviour of the Buyers towards

grid discipline.

(I)

The Additional Charges for Deviation of under-injection of electricity during the time-block in excess of

the volume limit specified in Clause (C) of this Regulation, when the grid frequency is “49.85 Hz and

above”, by the generating stations irrespective of the fuel type and whether the tariff of such generating

plant is determined by the Commission or not shall be as specified by the Commission as a percentage of

the Cap Rate or the Charges for Deviation corresponding to the grid frequency of the time block, or both

with due consideration to the behaviour of the generating stations towards grid discipline.

(J)

The additional charges for violation by sellers/buyers when the frequency is below 49.85 Hz or above

50.10 Hz as mentioned at (E), (F) & (G) above are without prejudice to the right of SLDC to initiate

action against the seller/buyer for all such violations as per the provision of Section 146 of the Act.

(K) Sustained Deviation Charges:

In the event of sustained deviation from schedule in one direction (positive or negative) by any state entity,

such state entity (buyer or seller), shall correct its position in the manner as specified under clause (a) and

(b) of this Regulation.

(a)

For the period upto 30.11.2020: If the sustained deviation from schedule continues in one direction

(positive or negative) for 12 time blocks, the state entity (buyer or seller) shall correct its position by

making the sign of its deviation from schedule changed or by remaining in the range of + 20 MW with

reference to its schedule, at least once, latest by 13th time block, such range being a subset of the volume

limit as specified under Regulation 10 of these Regulations;

Provided that each violation of the sign change requirement under this clause shall attract an additional

charges of 10% of the time block DSM Charges payable or receivable as the case may be.

To illustrate,

A state entity having a sustained deviation from time blocks t1 to t12, shall correct its position either

by changing the sign of its deviation (from positive to negative or negative to positive as the case may

be) or come back in the range of +/- 20 MW with reference to its schedule, latest by the end of time block

t13. In case, such sign change does not take place or it fails to come back in the range of +/- 20 MW by

the end of time block t13, but such correction of position takes place from time block t14 up to time

block t24, then additional charge shall be levied equivalent to one violation. The above violation shall

attract an additional charge at the rate of 10% of the time block DSM charge for t13. Further, in case,

sign change does not take place or it fails to come back in the range as aforesaid latest by the end of t25,

but correction in position takes place from time block t26 up to time block t36, then the additional charge

shall be levied for two violations and so on.

(b)

For the period from 01.12.2020 onwards: If the sustained deviation from schedule continues

in one direction (positive or negative) for 6 time blocks, the state entity (buyer or seller), shall

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 10, 2020 (BHDR 19, 1942 SAKA)

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correct its position, by making the sign of its deviation from schedule changed or by remaining in the range

of +/- 20 MW with reference to its schedule, at least once, latest by 7th time block, such range being a

subset of the volume limit as specified under Regulation 10 of these Regulations;

Provided that violation of the requirement under clause (b) of this Regulation shall attract an additional

charge as specified in the table below:

No. Of violations in a day

Additional Charge Payable

From first to fifth violation

For each violation, an additional charge @3% of the daily base DSM

charge payable or receivable

From sixth to tenth violation

For each violation, an additional charge @5% of the daily base DSM

charge payable or receivable

From eleventh violation onwards

For each violation, an additional charge @10% of the daily base DSM

charge payable or receivable

To illustrate, A state entity having a sustained deviation from time blocks t1 to t7, shall correct its

position either by changing the sign of its deviation (from positive to negative or negative to positive,

as the case may be) or come back in the range of +/- 20 MW with reference to its schedule, latest by the

end of time block t7. In case, such sign change does not take place or it fails to come back in the

aforesaid range by the end of time block t7, but such correction of position takes place from time block

t8 up to time block t12, then an additional charge shall be levied equivalent to one violation. Further,

in case, sign change does not take place or it fails to come back in the range as aforesaid latest by the

end of t13, but correction in position takes place from time block t14 up to time block t18, then the

additional charge shall be levied for two violations and so on;

Provided further that the counting of the number of sign change violations under the above mentioned

clauses (a) and (b) of this Regulation shall start afresh at 00.00 Hrs. for each day;

Provided also that the Commission may adopt a different methodology or change the allowed time

blocks for sign change as required from time to time;

Provided also that payment of additional charges for failure to adhere to sign change requirement as

specified under clause (a) and (b) of this regulation shall not be applicable to:

(i)

renewable energy generators which are state entities

(ii)

run of river projects without pondage

(iii)

any infirm injection of power by a generating station prior to CoD of a unit during testing and

commissioning activities,.

(iv)

any drawal of power by a generating station for the start-up activities of a unit.

(v)

any inter-regional deviations.

(vi)

forced outage of a generating station in case of collective transactions on Power Exchanges.

11.

Treatment of Infirm Power and Start Up Power Prior to COD

(1)

Any infirm injection of power by a generating station prior to the COD of a unit during testing and

commissioning activities shall be exempted from the volume limit as specified in regulation 10 above

for a period not exceeding six months or the extended time as may be allowed by the Commission.

(2)

Any drawal of power by a generating station prior to the COD of a unit for the start-up activities

shall be exempted from the volume limit as specified in regulation 10 above when the grid frequency

is “49.85 Hz and above”.

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(3)

Any drawal of power by a generating station prior to the COD of a unit for the start-up activities

shall be exempted from the levy of Additional Charges for Deviation.

12.

Framework for Operationalisation and Monitoring of Deviation Settlement Mechanism

(1)

The SLDC shall develop and publish on its website procedure and methodologies for the computation

of Charges for Deviation and Additional Charges for Deviation for each state entity for crossing the

volume limits specified for under-drawal/over-injection and for over-drawal/under-injection

respectively.

(2)

Payment of Charges for Deviation under Regulation 9 and the Additional Charges for Deviation

under Regulation 10, shall be levied without prejudice to any action that may be considered appropriate

by the Commission under Section 142 of the Act for contravention of the provisions of these

regulations.

(3)

The charges for over-drawal/under-injection and under-drawal/over-injection of electricity shall be

computed by the SLDC in accordance with the methodology used for preparation of “State Energy

Accounts.”

(4)

The SLDC shall, on weekly basis, prepare and publish on its website the records of the Deviation

Accounts, specifying the quantum of over-drawal/under-injection and the corresponding amount of

Charges for Deviation payable/receivable for each Buyer and Seller for all the time-blocks when

the grid frequency is "49.85Hz and above" and "below 49.85" Hz separately.

13.

State Energy Account

(1)

The SLDC shall prepare a statement of the State Energy Account for each time block for the

Buyers and Sellers on monthly basis. Data required for the billing of partial open access consumers

connected to InSTS and all open access consumers connected to distribution system shall be passed

on to the billing centre of the distribution licensee by the SLDC. The billing centre of the distribution

licensee shall be responsible for energy accounting, raising and settlement of bills with partial open

access consumers connected to InSTS and all open access consumers connected to distribution

system. Payments of capacity and energy charges by the Buyers to the Sellers shall be as per the

provisions in the respective Power Purchase Agreements or Agreement(s) with respect to transactions

through power exchange and through Short Term Open Access, as the case may be.

(2)

The Energy Account Statement for Deviation Settlement of Partial Open Access Consumers

connected to the InSTS and all open access consumers connected to the distribution network shall

be in accordance with the provisions of PSERC (Terms and Conditions for Intra State Open

Access) Regulations, 2011 and its amendments thereof .

(3)

The SLDC shall be responsible for preparation of weekly Deviation Charges statement to all state

entities and billing and collection of Deviation Charges from the state entities in accordance with

Regulation 12 of these Regulations;

Provided that the Provisional State Energy Account and Statement for Deviation Account

Settlement should be available for scrutiny and verification by the concerned State Entities for a

specified time period. The same would be finalised within a stipulated time period upon addressing

comments/discrepancies (if any);

Provided further that the State Energy Account and Deviation Account Statements shall be

available for third party verification and audit on periodic basis and such third party verification and

audit shall be carried out at least once a year.

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(4)

A detailed energy accounting procedure shall be prepared by the SLDC within 3 months of notification

of these Regulations and shall be submitted to the Commission for approval;

Provided that, the SLDC shall undertake a stakeholder consultation by uploading the draft

procedure on SLDC’s website before its submission to the Commission for approval.

14.

Compliance with the Instructions of State Load Despatch Centre

Notwithstanding anything specified in these Regulations, the Sellers and the Buyers shall strictly follow the

instructions of the SLDC on injection and drawal in the interest of grid security and grid discipline.

15.

Accounting of Charges for Deviation

(A) A statement of Charges for Deviations including Additional Charges for Deviation levied under these

Regulations shall be prepared by the SLDC on a weekly basis (starting Monday 00:00 hrs to Sunday 24.00

hrs). The data for the seven day period, ending on the previous Sunday mid-night, shall be supplied to SLDC

by the Thursday of the week. This statement shall be issued to all constituents by the next Tuesday.

(B)

All payments on account of Charges for Deviation including Additional Charges for Deviation levied

under these Regulations and Interest, if any, received for late payment shall be credited to the funds called

the “State Deviation Pool Account”, which shall be maintained and operated by the SLDC in accordance

with the provisions of these Regulations;

Provided that –

i.

The Commission may by Order direct any other entity to operate and maintain “State Deviation

Pool Account under these Regulations”.

ii.

Separate books of accounts shall be maintained for the Principal component and Interest

component of Charges for Deviation and Additional Charges for Deviation by the SLDC.

iii.

The State entities shall comply with all statutory requirements for payment of the applicable

statutory levies, taxes and duties, if any.

iv.

The State entities shall facilitate SLDC in meeting with the reporting requirements of Statutory

Authorities, as necessary.

(C)

All payments received in the “State Deviation Pool Account” shall be considered in the following sequence:

i.

Any cost or expense or other charges incurred on recovery of Charges for Deviation.

ii.

Over dues or penal Interest, if applicable.

iii.

Normal interest.

iv.

Regional Deviation Pool Account.

v.

Charges for Deviation and Additional Charges for Deviation.

(D) The surplus funds in the State Deviation Pool Account at the end of the financial year shall be utilised for

the purpose of improvements in power system operations, for undertaking such measures and studies for

improvement in reliability, security and safety of grid operations, undertaking capacity building and training

programs related to system operations and market operations and for such other purposes as may be

specified by Commission or for other schemes as may be devised in consultation with National Load

Despatch Centre, or Regional Load Despatch Centre, with prior approval of the Commission;

Provided that, the shortfall in funds in the State Deviation Pool Account; if any, at the end of the

weekly settlement period shall be recovered by levy of an additional charge from the State Entities in

proportion to the Net Deviation Charges Payable by the concerned State Entity for the applicable weekly

settlement period through supplementary bills;

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 10, 2020 (BHDR 19, 1942 SAKA)

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Provided further that SLDC shall prepare scheme(s) and shall submit an annual plan to the Commission

for utilisation of surplus funds and implement the scheme(s) only upon the approval of the Commission.

16.

Schedule of Payment of Charges for Deviation

(A) The payment of Charges for Deviation shall have a high priority and the concerned State Entity shall pay

the indicated amount within 10 days of the issue of statement of Charges for Deviation including Additional

Charges for Deviation by the SLDC into the “State Deviation Pool Account”.

(B)

If payment against Charges for Deviation including Additional Charges for Deviation is delayed by more

than two days, i.e., beyond 12 days from the date of issue of the statement by the SLDC, the defaulting

State Entity shall pay a simple Interest @ 0.04% for each day of delay.

(C)

All Payment to the entities entitled to receive any amount on account of Charges for Deviation shall be

made within two working days of the receipt of payments in the “State Deviation Pool Account”;

Provided that –

i.

In case of delay in the payment of Charges for Deviations into the State Deviation Pool Account and

Interest there on if any, beyond 12 days from the date of issue of the Statement of Charges for

Deviations, the State entities receiving payment for Deviation or Interest thereon shall be paid from

the balance available in the State Deviation Pool Account. In case the balance available is not

sufficient to meet the payment to the State Entities, the payment from the State Deviation Pool

Accounts shall be made on pro rata basis from the balance available in the State Deviation Pool

Account.

ii.

The liability to pay Interest for the delay in payments to the “State Deviation Pool Account” shall

remain till Interest is paid, irrespective of the fact that constituents who have to receive payments,

have been paid from the “State Deviation Pool Account” in part or full.

(D) All the State entities shall be required to open a Letter of Credit (LC)/RBI letter of mandate equal to

110% of its average payable weekly liability for deviations in the previous financial year, in favour of the

SLDC within a fortnight from the date of notification regarding operationalisation of commercial

arrangements as per first proviso to clause (2) of regulation (1) of these Regulations;

Provided that in case the average payable weekly liability for deviations in the previous financial

year of any State Entity is not available, the average payable weekly liability for deviations of a completed

month during the current year shall be considered to calculate the value of Letter of Credit (LC)/RBI

letter of mandate to be opened;

Provided further that the LC/ RBI letter of mandate amount shall be increased to 110% of the

payable weekly liability for Deviation in any week during the year, if it exceeds the previous LC/ RBI

letter of mandate amount by more than 50%;

Provided also that if instances of repeated defaults are observed, the Commission may notify an

appropriate penal mechanism.

Illustration

If the average payable weekly liability for Deviation of a State entity during [FY2019-20] is Rs. 2.0 Crore,

the State entity shall open LC or submit RBI letter of mandate for Rs. 2.2 Crore in [FY2020-21]. If the

weekly payable liability during any week in [FY 2020-21] is Rs. 3.5 Crore which is more than 50% of the

previous financial year’s average payable weekly liability of Rs 3.0 Crore, the concerned State entity shall

increase the LC/RBI letter of mandate amount to Rs. 3.85 Crore (1.1*3.50) by adding Rs. 1.65 Crore.

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(E)

In case of failure to pay into the “State Deviation Pool Account” within the specified time of 12 days from

the date of issue of the statement of Charges for Deviations, the SLDC shall be entitled to encash the LC/

RBI letter of mandate of the concerned constituent to the extent of the default and the concerned constituent

shall recoup the LC/RBI letter of mandate amount within three days.

17.

Governance Structure

(A) The State Grid Code Review Committee (SGCRC) constituted under Clause 2 of PSERC (Punjab State

Grid Code) Regulations, 2013, as amended from time to time, shall be responsible for monitoring, compliance

of these Regulations by the State Entities, providing necessary support & advice to the Commission for

suitable modifications/issuance of operating procedures, practice directions, and amendment to the provisions

of these Regulations, as may be necessary.

The Commercial & Metering Committee (CMC) constituted under Clause 2.7 of PSERC (Punjab State

Grid Code) Regulations, 2013, as amended from time to time, shall be responsible to resolve the issues/

disputes relating to Deviation Settlement account under these regulations.

(B)

The Commission may constitute a Punjab State Power Committee, which shall perform the following

functions:

i.

Monitor compliance of these Regulations by the State Entities and submit an annual compliance

report to the Commission.

ii.

Guide the SLDC for modification of procedure(s) to address any implementation difficulties.

iii.

Co-ordinate and facilitate intra-state energy exchange for ensuring optimal utilisation of resources.

Provide necessary support and advice to the Commission for suitable modifications/issuance of

operating procedures, practice directions, and amendments to the provisions of these Regulations, as may

be deemed necessary. The State Power Committee shall formulate its own Conduct of Business Rules

and get it approved from the Commission.

18.

Power to Amend

The Commission may at any time, vary, alter, modify or amend any provision of these Regulations.

19.

Power to Remove Difficulties

If any difficulty arises in giving effect to the provisions of these Regulations, the Commission may, by

general or specific order, make such provisions not inconsistent with the provisions of the Act, as may

appear to be necessary for removing the difficulty.

20.

Power to Relax

The Commission may by general or special order, for reasons to be recorded in writing, and after giving an

opportunity of hearing to the parties likely to be affected by grant of relaxation, may relax any of the provisions

of these Regulations on its own motion or on an application made before it by an interested person.

21.

Power to Issue Directions

If any difficulty arises in giving effect to these Regulations, the Commission may on its own motion or on an

application filed by any affected party, issue such directions as may be considered necessary in furtherance of

the objective and purpose of these Regulations.

Sd/-

Chandigarh

Secretary

The 10th September, 2020

Punjab State Electricity Regulatory Commission

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 10, 2020 (BHDR 19, 1942 SAKA)

1304

Annexure-1

1.

Deviation Charges for Sellers, Buyers, and Other Conditions

1)

As specified in the Regulation 9 of these Regulations, the Charges for Deviation for all the time-blocks

shall be payable for over-drawal by the Buyer and under-injection by the Seller and receivable for under-

drawal by the Buyer and over-injection by the Seller, which are State entities, and shall be worked out on

the average frequency of a time-block by considering the Price Vector for Deviation Charges as specified

in the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and related matters)

Regulations, 2014 and its amendments as stipulated in the following table:

Average frequency of

Charges for Deviation

time block(Hz)

Below

Not below

(Paise / kWh)

50.05

0.0

50.05

50.04

Slope determined by joining the price at Not Below 50.05 Hz and identified

50.04

50.03

price at50.00 Hz, and as detailed in the note below this Regulation

50.03

50.02

50.02

50.01

50.01

50.00

Daily (simple) average Area Clearing Price discovered in the Day Ahead

Market segment of power exchange

50.00

49.99

Slope determined by joining the price identified at 50.00 Hz and price at

49.99

49.98

below49.85 Hz, and as detailed in the note below this Regulation

49.98

49.97

49.97

49.96

49.96

49.95

49.95

49.94

49.94

49.93

49.93

49.92

49.92

49.91

49.91

49.90

49.90

49.89

49.89

49.88

49.88

49.87

49.87

49.86

49.86

49.85

49.85

800.00

Note:-

i.

The Deviation Settlement Mechanism (DSM) rate vector will have a dynamic slope determined by joining

the identified price points at 50 Hz. (daily simple average ACP), frequency of 49.85 Hz (Rs. 8 per unit)

and 50.05 Hz (zero) on a daily basis.

ii.

The maximum ceiling limit applicable for average Daily ACP discovered in the DAM segment of Power

Exchange at 50.00 Hz shall be 800 Paise/kWh.

iii.

Charges for deviation for each 0.01 Hz step shall be equivalent to the Slope determined by joining the

price at 'Not below 50.05 Hz' and 'identified price at 50.00 Hz' in the frequency range of 50.05-50.00 Hz,

and to the Slope determined by joining the 'price identified at 50.00 Hz' and price at 'below 49.85 Hz' in

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 10, 2020 (BHDR 19, 1942 SAKA)

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frequency range 'below 50 Hz' to 'below 49.85 Hz'.

iv.

The daily simple average ACP of the Power Exchange having a market share of 80% or more in energy

terms on a daily basis shall be taken into consideration for linking to the DSM price vector. If no single

Power Exchange is having a market share of 80% or more, the weighted average day-ahead price shall

be used for linking to the DSM price.

v.

The daily simple average Area Clearing Prices (ACP) in the day-ahead market (exclusive of any transmission

charges and transmission losses) shall be used as the basis for market linked DSM price at 50 Hz.

Provided that based on a review of the above mechanism within one year or in such time period as may

be decided by the Commission, if the Commission is satisfied that the market conditions permit, the basis

for market linked DSM price shall be substituted, by the time-block-wise ACP in the day ahead market or

as and when the real time market is introduced, by the hourly ACP or the ACP of such periodicity as may

be considered appropriate by the Commission.

vi.

In case of non-availability of the daily simple average ACP due to no-trade on a given day, daily simple

average ACP of the last available day shall be considered for determining the DSM charge.

vii.

Deviation price shall be rounded off to nearest two decimal places

viii.

An illustration to DSM price vector specified in table above, is provided as Annexure-III

The National Load Despatch Centre (NLDC) shall act as the Nodal Agency to declare the daily DSM

rates and shall display all relevant information on its website

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 10, 2020 (BHDR 19, 1942 SAKA)

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Annexure-II

ADDITIONAL CHARGE FOR DEVIATION

TABLE – I: Additional Charge for Deviation (for Buyer)

(A) When 12% of the Schedule is less than or equal to [X] MW

1

For over-drawal of electricity by any Buyer in

Equivalent to 20% of Charge for Deviation

excess of 12% and upto 15% of the schedule in

corresponding to average grid frequency of the

a time block

time-block

2

For over-drawal of electricity by any Buyer in

Equivalent to 40% of Charge for Deviation

excess of 15% and upto 20% of the schedule in

corresponding to average grid frequency of the

a time block

time-block

3

For over-drawal of electricity by any Buyer in

Equivalent to 100% of Charge for Deviation

excess of 20% of the schedule in a time block

corresponding to average grid frequency of the

time-block

(B) When 12% of the Schedule is more than [X] MW

4

For over-drawal of electricity by any Buyer is

Equivalent to 20% of Charge for Deviation

above X MW and upto 4/3 (X) MW in a time

corresponding to average grid frequency of the

block

time-block

5

For over-drawal of electricity by any Buyer is

Equivalent to 40% of Charge for Deviation

above 4/3 (X) MW and upto 5/3 (X) MW in

corresponding to average grid frequency of the

a time block

time-block

6

For over-drawal of electricity by any Buyer is

Equivalent to 100% of Charge for Deviation

above 5/3 (X) MW in a time block

corresponding to average grid frequency of the

time-block

TABLE – II: Additional Charge for Deviation (for Seller)

(A) When 12% of the Schedule is less than or equal to 20 MW

1

For under-injection of electricity by any Seller

Equivalent to 20% of the Cap Rate for deviation of

in excess of 12% and upto 15% of the schedule

363.10 Paise/kWh or charge for Deviation

in a time block

corresponding to average grid Frequency of the

time-block, whichever is less.

2

For under-injection of electricity by any Seller

Equivalent to 40% of the Cap Rate for deviation of

in excess of 15% and upto 20% of the schedule

363.10 Paise/kWh or charge for Deviation

in a time block

corresponding to average grid Frequency of the

time-block, whichever is less.

3

For under-injection of electricity by any Seller

Equivalent to 100% of the Cap Rate for deviation of

in excess of 20% of the schedule in a time block

363.10 Paise/kWh or charge for Deviation

corresponding to average grid Frequency of the

time-block, whichever is less.

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(B) When 12% of the Schedule is more than 20 MW

4

For under-injection of electricity by any Seller is

Equivalent to 20% of the Cap Rate for deviation of

above 20 MW and upto 30 MW in a time block

363.10 Paise/kWh or charge for Deviation

corresponding to average grid Frequency of the

time-block, whichever is less.

5

For under-injection of electricity by any Seller is

Equivalent to 40% of the Cap Rate for deviation of

above 30 MW and up to 40 MW in a time block

363.10 Paise/kWh or charge for Deviation

corresponding to average grid Frequency of the time-

block, whichever is less.

6

For under-injection of electricity by any Seller is

Equivalent to 100% of the Cap Rate for deviation of

above 40 MW in a time block

363.10 Paise/kWh or charge for Deviation

corresponding to average grid Frequency of the

time-block, whichever is less.

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 10, 2020 (BHDR 19, 1942 SAKA)

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Annexure-III

Illustration to the DSM Price Vector specified in the Central Electricity Regulatory Commission

(Deviation Settlement Mechanism and related matters) Regulations, 2014 and its amendments

under Clause 3.1

Average Frequency of the time block (Hz)

Charges for Deviation

(Paise/kWh)

Below

Not Below

50.05

0.00

50.05

50.04

1xP/5

50.04

50.03

2xP/5

50.03

50.02

3xP/5

50.02

50.01

4xP/5

50.01

50.00

P

50.00

49.99

50.00+15xP/16

49.99

49.98

100.00+14xP/16

49.98

49.97

150.00+13xP/16

49.97

49.96

200.00+12xP/16

49.96

49.95

250.00+11xP/16

49.95

49.94

300.00+10xP/16

49.94

49.93

350.00+9xP/16

49.93

49.92

400.00+8xP/16

49.92

49.91

450.00+7xP/16

49.91

49.90

500.00+6xP/16

49.90

49.89

550.00+5xP/16

49.89

49.88

600.00+4xP/16

49.88

49.87

650.00+3xP/16

49.87

49.86

700.00+2xP/16

49.86

49.85

750.00+1xP/16

49.85

800.00

Where P is the Daily average Area Clearing Price in paisa per kWh discovered in the Day Ahead Market

segment of power exchange.

2101/9-2020/Pb. Govt. Press, S.A.S. Nagar