Goa Gazette, No. 2324-5, 04 May 2023

click here for IIIF manifest

Reg. No. RNP/GOA/32/2021-2023

RNI No. GOAENG/2002/6410

Panaji, 4th May, 2023 (Vaisakha 14, 1945) SERIES I No. 5 PUBLISHED BY AUTHORITY

SUPPLEMENT

GOVERNMENT OF GOA

Department of Power

Office of the Chief Electrical Engineer

__

Notification

120/03/MYT 22-23 to 24-25/CEE/Tech

The Electricity Department, Government

of Goa, according to the Regulations and as

per the procedures outlined in section 61,

62, & 64 of the Electricity Act, 2003 had filed

Petition for approval of Annual Performance

Review of FY 2022-23, Aggregate Revenue

Requirement (ARR) and Determination of

Retail Tariff for FY 2023-24 before the Hon'ble

Joint Electricity Regulatory Commission for

the States of Goa and Union Territories.

In exercise of the powers conferred under

various sections of the Electricity Act, 2003

and all powers enabling therein, on behalf of

the Joint Electricity Regulatory Commission for the state of Goa and Union Territories

has issued the Tariff Order dated 30th

March, 2023 for approval of Annual

Performance Review of FY 2022-23,

Aggregate Revenue Requirement (ARR) and

Determination of Retail Tariff for 2023-24 for

Electricity Department, Government of Goa

which is given herebelow. The said Tariff

Order is effective from 1st April, 2023 and

shall, unless amended or revoked, continue

to be in force till further orders of the

Commission.

The above is hereby brought to the notice

of the public.

By order and in the name of the Governor

of Goa.

Stephen Fernandes, Chief Electrical

Engineer & ex officio Additional Secretary.

Panaji, 26th April, 2023.

TARIFF ORDER

Approval of Annual Performance Review of FY 2022-23, Aggregate Revenue Requirements (ARR) and Determination of Retail Tariff for

FY 2023-24

Petition No. 95/2022

for

Electricity Department, Government of Goa (ED-Goa)

30th March, 2023

JOINT ELECTRICITY REGULATORY COMMISSION

For the State of Goa and Union Territories,

3rd and 4th Floor, Plot No. 55-56, Sector -18, Udyog Vihar - Phase IV

Gurugram, (122015) Haryana

Telephone: +91(124) 4684705 Telefax: +91(124) 4684706

Website: www.jercuts.gov.in

E-mail: [email protected]

Table of Contents

1. Chapter 1: Introduction

(cid:20)(cid:17)(cid:20)(cid:17)(cid:3)(cid:36)(cid:69)(cid:82)(cid:88)(cid:87)(cid:3)(cid:45)(cid:82)(cid:76)(cid:81)(cid:87)(cid:3)(cid:40)(cid:79)(cid:72)(cid:70)(cid:87)(cid:85)(cid:76)(cid:70)(cid:76)(cid:87)(cid:92)(cid:3)(cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:92)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:54)(cid:87)(cid:68)(cid:87)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:56)(cid:55)(cid:182)(cid:86)(cid:3)(cid:11)(cid:45)(cid:40)(cid:53)(cid:38)(cid:12)

1.2. About Goa

1.3. About Electricity Department, Government of Goa (EDG)

1.4. Multi Year Tariff Regulations, 2021

1.5. Filing and Admission of the Present Petition

1.6. Interaction with the Petitioner

1.7. Notice for Public Hearing

1.8. Public Hearing

2. Chapter 2: Summary of Suggestions/Objections received, Response from the Petitioner and

(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:86)

2.1. Regulatory Process

(cid:21)(cid:17)(cid:21)(cid:17)(cid:3)(cid:54)(cid:88)(cid:74)(cid:74)(cid:72)(cid:86)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:18)(cid:3)(cid:50)(cid:69)(cid:77)(cid:72)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:15)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:86)

2.2.1. Public Hearing Notice

2.2.2. Solarisation of a Village

2.2.3. Tariff hike for domestic category

2.2.4. Financial Reporting

2.2.5. Increase in basic power rate

2.2.6. FPPCA charges

2.2.7. Additional Street light duty

2.2.8. Proposed Rate hike

2.2.9. Shutting of power

2.2.10. Demand/Fixed Charges

2.2.11. Public Lighting

2.2.12. Power purchase

2.2.13. Revenue from sale of power

2.2.14. Projections of energy sale

2.2.15. Average Power Purchase Rate

2.2.16. Employee Expenses

2.2.17. HT-Industrial Consumer

2.2.18. Pumped Hydro Storage power

2.2.19. Converting divisions and sub-divisions

2.2.20. Tariff for Agriculture category

2.2.21. Tariff Hike

2.2.22. Revenue Gap

2.2.23. Unnecessary Burden on Industries

2.2.24. Revenue from Industrial category

2.2.25. Tariff hike

2.2.26. Tariff for Agriculture category

2.2.27. Tariff for Railway traction101 Order on APR for FY 2022-23, ARR and Retail Tariff for the FY 2023-24 2 Electricity Department, Government of Goa SERIES I No. 5 4TH MAY, 2023 OFFICIAL GAZETTE — GOVT. OF GOA (SUPPLEMENT) Joint Electricity Regulatory Commission (JERC) 2.2.28. Fixed Charges

2.2.29. Tariff Hike

2.2.30. Minimum charges applicable to the closed commercial premises

2.2.31. Tariff for Industrial category

2.2.32. Tariff Hike across categories

2.2.33. Hike in unit price of consumers (HT)

2.2.34. Increase in tariff for Agriculture (Allied Activities),

3. Chapter 3: True-up of the FY 2020-21 and FY 2021-22

3.1. Applicable provisions

3.2. Approach for the True-up of the FY 2020-21 and FY 2021-22

4. Chapter 4: Annual Performance Review of FY 2022-23

4.1. Applicable Provisions and Background

4.2. Approach for the Review for the FY 2022-23

4.3. Energy Sales

4.4. Open Access Sales and Purchase

4.5. Inter-State Transmission Loss

4.6. Intra-State Transmission and Distribution (T&D) loss

4.7. Energy Balance

4.8. Power Purchase Quantum & Cost

4.8.1. Power Purchase Quantum

4.8.2. Power Purchase Cost

4.8.3. Transmission Charges

4.8.4. Total Power Purchase Cost 4.9. Renewable Purchase Obligation

4.10. Operation & Maintenance Expenses

4.10.1. Employee Expenses

4.10.2. Administrative and General (A&G) Expenses

4.10.3. Repair & Maintenance Expenses (R&M)

4.10.4. Summary of O&M Expenses 4.11. Capital Expenditure & Capitalisation

4.12. Capital Structure

4.13. Depreciation

4.14. Interest and Finance Charges

4.15. Return on Equity (RoE)

4.16. Interest on Security Deposits

4.17. Interest on Working Capital

4.18. Provision for Bad & Doubtful Debts

4.19. Income Tax

4.20. Non-Tariff Income

4.21. Aggregate Revenue Requirement (ARR)

4.22. Revenue at existing Retail Tariff102 Order on APR for FY 2022-23, ARR and Retail Tariff for the FY 2023-24 3 Electricity Department, Government of Goa Joint Electricity Regulatory Commission (JERC) SERIES I No. 5 4TH MAY, 2023 OFFICIAL GAZETTE — GOVT. OF GOA (SUPPLEMENT) 4.23. Standalone Revenue Gap/ Surplus for FY 2022-23

5. Chapter 5: Determination of Aggregate Revenue Requirement for the FY 2023-24

5.1. Background

5.2. Approach for determination of ARR for the FY 2023-24

5.3. Projection of Number of consumers, Connected Load and Energy Sales

5.4. Inter-State transmission loss

5.5. Intra-State Transmission & Distribution (T&D) Losses

5.6. Energy Balance

5.7. Power Purchase Quantum & Cost

5.7.1. Power Purchase Quantum

5.7.2. Power Purchase Cost

5.7.3. Transmission Charges

5.7.4. Total power purchase quantum and cost

5.7.5. Net Power Purchase Cost 5.8. Renewable Purchase Obligation

5.9. Operation & Maintenance Expenses

5.9.1. Employee Expenses

5.9.2. Administrative and General (A&G) Expenses

5.9.3. Repair & Maintenance Expenses (R&M)

5.9.4. Summary of O&M Expenses 5.10. Gross Fixed Assets (GFA) and Capitalization

5.11. Capital Structure

5.12. Depreciation

5.13. Interest on Loan

5.14. Return on Equity (RoE)

5.15. Interest on Security Deposits

5.16. Interest on Working Capital

5.17. Income Tax

5.18. Provision for Bad & Doubtful Debts

5.19. Non-Tariff Income (NTI)

5.20. Aggregate Revenue Requirement (ARR)

5.21. Revenue at existing Retail Tariff

5.22. Standalone Revenue Gap/ Surplus for FY 2023-24

6. Chapter 6: Tariff Principles and Design

6.1. Overall Approach

6.2. Applicable Regulations

6.3. Standalone and Consolidated Revenue Gap/ Surplus at existing tariff

6.4. Treatment of the Revenue Gap/ Surplus and Tariff Design

6.4.1. Tariff Design

6.4.2. Approved Final Tariff Schedule

6.4.3. Revenue from Approved Retail Tariff for FY 2023-24103 Order on APR for FY 2022-23, ARR and Retail Tariff for the FY 2023-24 4 Electricity Department, Government of Goa Joint Electricity Regulatory Commission (JERC) SERIES I No. 5 4TH MAY, 2023 OFFICIAL GAZETTE — GOVT. OF GOA (SUPPLEMENT) 6.4.4. Revenue Gap/ (Surplus) at Approved Tariff

6.4.5. Government Budgetary Support

6.4.6. Highlights of the Tariff Structure

7. Chapter 7: Open Access Charges for the FY 2023-24

7.1. Wheeling Charges

7.1.1. Allocation Matrix - Allocation of ARR into Wheeling and Retail Supply of Electricity 7.2. Additional Surcharge

7.3. Cross-Subsidy Surcharge

8. Chapter 8: Fuel and Power Purchase Adjustment Mechanism

8.1. Legal Provisions

8.2. Formula

9. Chapter 9: Directives

9.1. Directives continued in this Order

9.1.1. Annual Statement of Accounts

9.1.2. Preparation of Fixed Asset Register

9.1.3. Energy Audit Reports

9.1.4. Employee Cost / Manpower study

9.1.5. Interest on Consumer Security Deposit

9.1.6. Sub-Divisions as Strategic Business Units

9.1.7. Installation of Pre-Paid Meters

9.1.8. Unbundling of Electricity Department

9.1.9. Renewable Purchase Obligation

9.1.10. Billing and Collection Efficiency

9.1.11. Determination of Category wise/ Voltage wise Cost of supply

9.1.12. Submission of Petition for True up of FY 2016-17, FY 2017-18, FY 2018-19 and FY 2019-20 and APR of FY 2020-21

9.1.13. Collection of data based on consumer type

9.1.14. kVAh based tariff for LT-Industrial and LT-Commercial categories

10. Chapter 10: Tariff Schedule

10.1. Tariff Schedule

10.2. Applicability

10.3. General Terms and Conditions

10.4. Schedule of Miscellaneous Charges

Annexures

Annexure 1: List of Stakeholders104 SERIES I No. 5 OFFICIAL GAZETTE — GOVT. OF GOA (SUPPLEMENT) 4TH MAY, 2023 Joint Electricity Regulatory Commission (JERC)

List of Tables

Table 1: Standalone Revenue Gap/ (Surplus) at existing tariff for the FY 2022-23 (INR Cr.) ..................................

Table 2: Standalone Revenue Gap/ (Surplus) at existing tariff for the FY 2023-24 (INR Cr.)..................................

Table 3: Standalone Revenue Gap/ (Surplus) at approved tariff for the FY 2023-24 (INR Cr.) ...............................

Table 4: Timelines of the interaction with the Petitioner ............................................................................................

Table 5: Details of Public Notices published by the Commission ................................................................................

Table 6: Details of Public Notices published by the Petitioner ....................................................................................

Table 7: Sales projected by the Petitioner in the APR of FY 2022-23 (MUs) .............................................................

Table 8: Sales approved by the Commission in the APR of FY 2022-23 (MUs) .........................................................

Table 9: Inter-State Transmission Losses projected by Petitioner for FY 2022-23 (%) ............................................

Table 10: Inter-State Transmission Loss approved by the Commission for FY 2022-23 (%)....................................

Table 11: T&D losses approved by the Commission in the 2nd MYT Control Period vis-à-vis T&D losses achieved by the Petitioner .............................................................................................................................................................

Table 12: T&D loss trajectory approved by the Commission .......................................................................................

Table 13: Energy Balance (MUs) submitted by Petitioner ...........................................................................................

Table 14: Energy Balance (MU) approved by Commission ..........................................................................................

Table 15: Power Purchase Summary of H1 of FY 2022-23 as submitted by the Petitioner .......................................

Table 16: DSM Power (Over-drawl & Under-drawl) Charges for H1 of FY 2022-23 ..................................................

Table 17: Power Purchase cost submitted by Petitioner for FY 2022-23 (In INR Cr) ...............................................

Table 18: Power Purchase Quantum (MU) and cost (INR Cr) approved by the Commission ...................................

Table 19: RPO plan submitted by the Petitioner for FY 2022-23 (MU) ......................................................................

Table 20: Renewable Purchase Obligation (RPO) approved by the Commission for FY 2022-23 ............................

Table 21: Computation of Base Employee Expenses (INR Cr.) ...................................................................................

Table 22: CPI inflation computed for 3rd Control Period ............................................................................................

Table 23: Manpower plan submitted by the Petitioner for the Control period ..........................................................

Table 24: Employee Expense approved by the Commission for 3rd Control Period ...................................................

Table 25: Actual A&G Expenses from FY 2018-19 to FY 2020-21 (INR Crore) ..........................................................

Table 26: A&G Expense approved by the Commission for 3rd Control Period ...........................................................

(cid:55)(cid:68)(cid:69)(cid:79)(cid:72)(cid:3)(cid:21)(cid:26)(cid:29)(cid:3)(cid:181)(cid:46)(cid:182)(cid:3)(cid:70)(cid:82)(cid:80)(cid:83)(cid:88)(cid:87)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:22)(cid:85)(cid:71)(cid:3)(cid:48)(cid:60)(cid:55)(cid:3)(cid:38)(cid:82)(cid:81)(cid:87)(cid:85)(cid:82)(cid:79)(cid:3)(cid:51)(cid:72)(cid:85)(cid:76)(cid:82)(cid:71) ..............................................................

Table 28: WPI inflation computed for 3rd MYT Control Period .................................................................................

Table 29: R&M Expense approved by the Commission for the 3rd MYT Control Period (in INR Cr.) .....................

Table 30: Summary of O&M expenses approved by the Commission for FY 2022-23 (in INR Cr.) .........................

Table 31: Details of capital expenditure and capitalisation submitted by the Petitioner for FY 2022-23 (INR Crore) ..............................................................................................................................................................................

Table 32: Capitalisation and Capital Expenditure approved by the Commission (In INR Cr) ..................................

Table 33: Opening & Closing GFA for FY 2022-23 ......................................................................................................

Table 34: Opening & Closing GFA (excl. ED and Grant) for FY 2022-23 ...................................................................

Table 35: Capital Structure considered by the Commission for FY 2022-23 (INR Cr.) .............................................

Table 36: GFA (including GFA addition through Electricity Duty Fund, Govt. Grants and Consumer Contribution) considered by the Commission for FY 2022-23 (INR Cr.) ...................................................................

Table 37: GFA (excluding GFA addition through Electricity Duty Fund, Govt. Grants and Consumer Contribution) considered by the Commission for FY 2022-23 (INR Cr.) ...................................................................

Table 38: Depreciation claimed by the Petitioner in the APR of FY 2022-23 (INR Crore) .......................................

Table 39: Asset-wise depreciation rate considered by the Commission (%) ..............................................................

Table 40: Depreciation approved by Commission (In INR Cr) ...................................................................................

Table 41: Interest on Loan considered by the Commission for FY 2022-23 (INR Cr.) ..............................................

Table 42: Return on Equity considered by the Commission for 3rd Control Period (INR Cr.) .................................

Table 43: Interest on Consumer security considered by the Commission for FY 2022-23 (INR Cr.) .......................

Table 44: Interest on working capital considered by the Commission for FY 2022-23 (INR Cr.) ............................

Table 45: Non-Tariff Income approved by Commission (In INR Cr)..........................................................................

Table 46: Aggregate Revenue Requirement approved by the Commission for FY 2022-23 (In INR Cr) .................

Table 47: Revenue at existing tariff submitted by the Petitioner for FY 2022-23 (INR Cr.) .....................................

Table 48: Revenue at existing tariff approved by the Commission for FY 2022-23 (INR Cr.) ..................................

Table 49: Standalone Revenue Gap/ (Surplus) at existing tariff approved by Commission for FY 2022-23 (In INR Cr) ............................................................................................................................................................................

Table 50: Projected No. of consumers, Connected Load and Energy Sales ................................................................

Table 51: Growth in Sales ...............................................................................................................................................

Table 52: Growth in Connected Load ............................................................................................................................

Table 53: Growth in Number of Consumers .................................................................................................................

Table 54: No. of consumers approved by Commission ................................................................................................

Table 55: Connected Load (kW) approved by Commission .........................................................................................

Table 56: Energy Sales (MUs) approved by Commission ............................................................................................

Table 57: Inter-State Transmission Loss submitted by the Petitioner (%) .................................................................

Table 58: Inter-State Transmission Loss approved by the Commission (%) ..............................................................

Table 59: T&D losses approved by the Commission in the 2nd MYT Control Period vis-à-vis T&D losses achieved by the Petitioner .............................................................................................................................................................

Table 60: T&D loss trajectory approved by the Commission.......................................................................................

Table 61: Energy Balance (MUs) submitted by Petitioner for FY 2023-24.................................................................

Table 62: Energy Balance (MUs) approved by Commission........................................................................................

Table 63: Power Purchase Quantum for FY 2023-24...................................................................................................

Table 64: Power Purchase quantum (MU) and Cost (In INR Cr) submitted by Petitioner for FY 2023-24 .............

Table 65: Power Purchase Quantum (MUs) and cost (INR Cr) approved for the FY 2023-24 .................................

Table 66: Net Power Purchase Cost approved by the Commission for FY 2023-24 ..................................................

Table 67: Average Power Purchase Cost (APPC) for the FY 2023-24 .........................................................................

Table 68: RPO plan submitted by the Petitioner for the FY 2023-24 (MU) ...............................................................

Table 69: Renewable Purchase Obligation (RPO) approved by the Commission for FY 2023-24 ............................

Table 70: REC cost approved by the Commission for FY 2023-24 (INR Crore).......................................................

Table 71: Computation of Base Employee Expenses (INR Cr.) ...................................................................................

Table 72: CPI inflation computed for 3rd Control Period ............................................................................................

Table 73: Manpower plan submitted by the Petitioner for the Control period...........................................................

Table 74: Employee Expense approved by the Commission for 3rd Control Period ...................................................

Table 75: Actual A&G Expenses from FY 2018-19 to FY 2020-21 (INR Crore) ..........................................................

Table 76: A&G Expense approved by the Commission for 3rd Control Period............................................................

(cid:55)(cid:68)(cid:69)(cid:79)(cid:72)(cid:3)(cid:26)(cid:26)(cid:29)(cid:3)(cid:181)(cid:46)(cid:182)(cid:3)(cid:70)(cid:82)(cid:80)(cid:83)(cid:88)(cid:87)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:22)(cid:85)(cid:71)(cid:3)(cid:48)(cid:60)(cid:55)(cid:3)(cid:38)(cid:82)(cid:81)(cid:87)(cid:85)(cid:82)(cid:79)(cid:3)(cid:51)(cid:72)(cid:85)(cid:76)(cid:82)(cid:71) ..............................................................

Table 78: WPI inflation computed for 3rd MYT Control Period .................................................................................

Table 79: R&M Expense approved by the Commission for the 3rd MYT Control Period (in INR Cr.) .....................

Table 80: Summary of O&M expenses approved by the Commission for FY 2023-24 (in INR Cr.) .........................

Table 81: Details of capital expenditure and capitalisation submitted by the Petitioner for FY 2023-24 (INR Crore) ..............................................................................................................................................................................

Table 82: Capital Expenditure & Capitalisation considered by the Commission for the FY 2023-24 (INR Crore) .

Table 83: Opening & Closing GFA for FY 2022-23 ......................................................................................................

Table 84: Capital Structure considered by the Commission for FY 2023-24 (INR Cr.).............................................

Table 85: GFA (including GFA addition through Electricity Duty Fund, Govt. Grants and Consumer Contribution) considered by the Commission for FY 2023-24 (INR Cr.) ...................................................................

Table 86: GFA (excluding GFA addition through Electricity Duty Fund, Govt. Grants and Consumer Contribution) considered by the Commission for 3rd MYT Control Period (INR Cr.) ...............................................

Table 87: Depreciation submitted by the Petitioner for the FY 2023-24 (INR Cr) ....................................................

Table 88: Asset-wise depreciation rate considered by the Commission for weighted average rate for 3rd MYT Control Period (%) ..........................................................................................................................................................

Table 89: Depreciation considered by the Commission for FY 2023-24 (INR Cr.) ...................................................

Table 90: Interest on Normative Loan submitted by the Petitioner for the FY 2023-24 (INR Cr) ...........................

Table 91: Interest on Loan considered by the Commission for the FY 2023-24 (INR Cr.) ........................................

Table 92: Return on Equity submitted by the Petitioner for the FY 2023-24 (INR Cr) .............................................

Table 93: Return on Equity considered by the Commission for the FY 2023-24 (INR Cr.) ......................................

Table 94: Interest on Security Deposit submitted by the Petitioner for the FY 2023-24 (INR Cr) ...........................

Table 95: Interest on Consumer security considered by the Commission for the FY 2023-24 (INR Cr.) ................

Table 96: Interest on Working Capital submitted by the Petitioner for the FY 2023-24 (INR Cr) ...........................

Table 97: Interest on working capital considered by the Commission for the FY 2023-24 (INR Cr.) ......................

Table 98: Non-Tariff Income considered by the Commission for the FY 2023-24 (INR Cr.) ...................................

Table 99: ARR submitted by the Petitioner for the FY 2023-24 (INR Cr.) .................................................................

Table 100: ARR approved by the Commission for the FY 2023-24 (INR Cr.) ............................................................

Table 101: Revenue at existing tariff submitted by the Petitioner for FY 2023-24 (INR Cr.) ....................................

Table 102: Revenue at existing tariff approved by the Commission for FY 2023-24 (INR Cr.) ................................

Table 103: Standalone Revenue Gap/ (Surplus) at existing tariff approved by Commission for FY 2023-24 (In INR Cr) ............................................................................................................................................................................

Table 104: Standalone Revenue Gap/ (Surplus) submitted by Petitioner for FY 2023-24 (In Rs Cr) ......................

Table 105: Standalone Revenue Gap/ (Surplus) at existing tariff approved by Commission for FY 2023-24 (In INR Cr) ............................................................................................................................................................................

Table 106: Tariff Schedule proposed by the Petitioner for FY 2023-24 ......................................................................

Table 107: Existing and approved tariff ........................................................................................................................

Table 108: Revenue from approved retail tariff determined by Commission (In INR Cr) ........................................

Table 109: Tariff increase approved by Commission ...................................................................................................

Table 110: Revenue Gap/ (Surplus) approved by Commission for FY 2023-24 (In INR Cr).....................................

Table 111: Allocation matrix as submitted by the Petitioner ........................................................................................

Table 112: Wheeling Charge calculation as submitted by Petitioner ...........................................................................

Table 113: Allocation matrix approved by Commission ...............................................................................................

Table 114: Parameters assumed for voltage wise allocation of wheeling costs ...........................................................

Table 115: Allocation of costs based on voltage level ....................................................................................................

Table 116: Wheeling Charges approved by Commission ..............................................................................................

Table 117: Additional Surcharge calculation as submitted by Petitioner ....................................................................

Table 118: Additional Surcharge approved by Commission ........................................................................................

Table 119: Cross-Subsidy Surcharge as proposed by the Petitioner ............................................................................

Table 120: Voltage wise losses assumed by Commission .............................................................................................

Table 121: Energy Input at each voltage level (MU) .....................................................................................................

Table 122: Parameters used for allocation of fixed costs .............................................................................................

Table 123: Voltage Wise Cost of Supply (VCoS) ...........................................................................................................

Table 124: Cross-Subsidy Surcharge approved by Commission (INR/kWh) .............................................................

Table 125: Rapproved determined by Commission for FY 2023-24 ...........................................................................

Table 126: Tariff Schedule ..............................................................................................................................................

Table 127: Applicability of Tariff Schedule ...................................................................................................................

Table 128: Applicability of ToD Tariff ...........................................................................................................................

Table 129: Schedule of Miscellaneous Charges .............................................................................................................

Table 130: List of participants in Public Hearing .........................................................................................................

List of abbreviations

Before the

Joint Electricity Regulatory Commission

For the State of Goa and Union Territories, Gurugram

QUORUM

Smt. Jyoti Prasad, Member (Law)

Petition No. 95/2022

In the matter of

Approval of Annual Performance Review of FY 2022-23, Aggregate Revenue Requirements (ARR) and Determination of Retail Tariff for FY 2023-24.

And in the matter of

Electricity Department, Government of Goa (ED-Goa) (cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:17)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:171)(cid:17)(cid:17)Petitioner

ORDER

1) This Order is passed in respect of the Petition filed by the Electricity Department, Government of Goa (ED-Goa)(cid:11)(cid:75)(cid:72)(cid:85)(cid:72)(cid:76)(cid:81)(cid:3)(cid:68)(cid:73)(cid:87)(cid:72)(cid:85)(cid:3)(cid:85)(cid:72)(cid:73)(cid:72)(cid:85)(cid:85)(cid:72)(cid:71)(cid:3)(cid:87)(cid:82)(cid:3)(cid:68)(cid:86)(cid:3)(cid:179)(cid:55)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:180)(cid:3)(cid:82)(cid:85)(cid:3)(cid:179)ED-Goa(cid:180)(cid:3)(cid:82)(cid:85)(cid:3)(cid:179)(cid:55)(cid:75)(cid:72)(cid:3)(cid:47)(cid:76)(cid:70)(cid:72)(cid:81)(cid:86)(cid:72)(cid:72)(cid:180)(cid:12)(cid:3)for Approval of Annual Performance Review (APR) for FY 2022-23 and Aggregate Revenue Requirement (ARR)and determination of Retail Tariff for the FY 2023-24before the Joint Electricity Regulatory Commission (cid:11)(cid:75)(cid:72)(cid:85)(cid:72)(cid:76)(cid:81)(cid:3)(cid:68)(cid:73)(cid:87)(cid:72)(cid:85)(cid:3)(cid:85)(cid:72)(cid:73)(cid:72)(cid:85)(cid:85)(cid:72)(cid:71)(cid:3)(cid:87)(cid:82)(cid:3)(cid:68)(cid:86)(cid:3)(cid:179)(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:180)(cid:3)(cid:82)(cid:85)(cid:3)(cid:179)(cid:45)(cid:40)(cid:53)(cid:38)(cid:180)(cid:12).

2) The Commission scrutinised the said Petition and generally found it in order. The Commission admitted the Petition on 26thDecember 2022. The Commission thereafter requisitioned further information/clarifications on the data gaps observed to take a prudent view of the said Petition. The Commission also held a Technical Validation Session to determine sufficiency of data and the veracity of the information submitted. The Public Hearing was held on 15thFebruary 2023, and all the Stakeholders/Electricity Consumers present in the Public Hearing were heard. Further, suggestions/ comments/views and objections were invited from the Stakeholders and Electricity Consumers.

3) (cid:55)(cid:75)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:69)(cid:68)(cid:86)(cid:72)(cid:71)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:15)(cid:3) (cid:85)(cid:72)(cid:79)(cid:72)(cid:89)(cid:68)(cid:81)(cid:87)(cid:3) JERC MYT Regulations, facts of the matter, rules and provisions of the Electricity Act, 2003 and after proper due diligenceand prudence check, has approved the Annual Performance Review (APR) for FY 2022-23, Aggregate Revenue Requirement (ARR) and determination of Retail Tariff for the FY 2023-24.

4) A Summary has been provided as follows:

(a) The following table provides ARR, Revenue and Standalone Gap/ (Surplus) at existing tariff as submitted by the Petitioner and approved by the Commission in the APR of the FY 2022-23:

Table 1: Standalone Revenue Gap/ (Surplus) at existing tariff for the FY 2022-23 (INR Cr.)

(b) The following table provides ARR, Revenue and Standalone Gap/ (Surplus) at existing tariff as submitted by the Petitioner and approved by the Commission for the FY 2023-24:

Table 2: Standalone Revenue Gap/ (Surplus) at existing tariff or the FY2023-24(INR Cr.)

(c) The following table provides ARR, Revenue and Standalone Gap/ (Surplus) at approved tariff as approved by the Commission for the FY 2023-24:

Table 3: Standalone Revenue Gap/ (Surplus) at approved tariff for the FY 2023-24 (INR Cr.)

(d) The Petitioner has proposed a tariff hike of 6% in the tariff schedule of FY 2023-24.

(e) The Commission has approved an average tariff hike of 5.19% to further reduce the reliance of the Petitioner on budgetary support from the Govt. of Goa. The Commission has approved the Average Billing Rate (ABR) of INR 5.04/kWh against the approved Average Cost of Supply (ACoS) of INR 5.87/kWh. The entire revenue gap shall be met through the budgetary support as per assurance letter of the Govt. of Goa dated 24thJanuary, 2023. The Commission acknowledges this letter of assurance from the Government of Goa towards meeting any prospective revenue gap for FY 2023-24, and hence the revenue gap for FY 2023-24 has been considered as NIL.

(f) The Commission has rationalised the tariff levels for cross-subsidized categories by marginally higher than the average hike and has reduced/maintained the tariff levels at lower than average tariff hike for cross-subsidizing categories.

(g) The ABR without the Government Budgetary support has been calculated considering the per unit gap of INR 0.83/kWh (difference between ACoS and ABR at Approved Tariff with Govt. Budgetary Support). However, the Commission would like to highlight that in case this gap had to be entirely fulfilled by revenue from consumers then it would have demanded an additional average tariff increase of 16.47%.

5) This Order shall come into force with effect from 1st April 2023 and shall, unless amended or revoked, continue to be in force till further orders of the Commission.

6) The licensee shall publish the Tariff Schedule and salient features of Tariff as determined by the Commission in this Order within one week of receipt of the Order in three daily newspapers in the respective local languages of the region, besides English, having wide circulation in their respective areas of supply and also upload the Tariff Order on its website.

7) The attached documents giving detailed reasons, grounds and conditions are the Integral part of this Order.

8) Ordered accordingly.

Sd/-

(Jyoti Prasad)

Member (Law)

Place: Gurugram

Date: 30th March, 2023

Certified Copy

(S. D. Sharma)

Secretary (I/c), JERC

1. Chapter 1: Introduction

1.1. About Joint Electricity Regulatory Commission for the State

(cid:82)(cid:73)(cid:3)(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:56)(cid:55)(cid:182)(cid:86)(cid:3)(cid:11)(cid:45)(cid:40)(cid:53)(cid:38)(cid:12)

In exercise of powers conferred by the Electricity Act 2003, the Central Government constituted the Joint (cid:40)(cid:79)(cid:72)(cid:70)(cid:87)(cid:85)(cid:76)(cid:70)(cid:76)(cid:87)(cid:92)(cid:3) (cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:92)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:68)(cid:79)(cid:79)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:56)(cid:81)(cid:76)(cid:82)(cid:81)(cid:3) (cid:55)(cid:72)(cid:85)(cid:85)(cid:76)(cid:87)(cid:82)(cid:85)(cid:76)(cid:72)(cid:86)(cid:3) (cid:72)(cid:91)(cid:70)(cid:72)(cid:83)(cid:87)(cid:3) (cid:39)(cid:72)(cid:79)(cid:75)(cid:76)(cid:3) (cid:87)(cid:82)(cid:3) (cid:69)(cid:72)(cid:3) (cid:78)(cid:81)(cid:82)(cid:90)(cid:81)(cid:3) (cid:68)(cid:86)(cid:3) (cid:179)(cid:45)(cid:82)(cid:76)(cid:81)(cid:87)(cid:3) (cid:40)(cid:79)(cid:72)(cid:70)(cid:87)(cid:85)(cid:76)(cid:70)(cid:76)(cid:87)(cid:92)(cid:3)(cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:92)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:56)(cid:81)(cid:76)(cid:82)(cid:81)(cid:3)(cid:55)(cid:72)(cid:85)(cid:85)(cid:76)(cid:87)(cid:82)(cid:85)(cid:76)(cid:72)(cid:86)(cid:180)(cid:3)(cid:89)(cid:76)(cid:71)(cid:72)(cid:3)(cid:81)(cid:82)(cid:87)(cid:76)(cid:73)(cid:76)(cid:70)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:81)(cid:82)(cid:17)(cid:3)(cid:21)(cid:22)(cid:18)(cid:24)(cid:21)(cid:18)(cid:21)(cid:19)(cid:19)(cid:22)-R&R dated 2ndMay 2005. (cid:47)(cid:68)(cid:87)(cid:72)(cid:85)(cid:3) (cid:90)(cid:76)(cid:87)(cid:75)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:77)(cid:82)(cid:76)(cid:81)(cid:76)(cid:81)(cid:74)(cid:3) (cid:82)(cid:73)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:54)(cid:87)(cid:68)(cid:87)(cid:72)(cid:3) (cid:82)(cid:73)(cid:3) (cid:42)(cid:82)(cid:68)(cid:15)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:70)(cid:68)(cid:80)(cid:72)(cid:3) (cid:87)(cid:82)(cid:3) (cid:69)(cid:72)(cid:3) (cid:78)(cid:81)(cid:82)(cid:90)(cid:81)(cid:3) (cid:68)(cid:86)(cid:3) (cid:179)(cid:45)(cid:82)(cid:76)(cid:81)(cid:87)(cid:3) (cid:40)(cid:79)(cid:72)(cid:70)(cid:87)(cid:85)(cid:76)(cid:70)(cid:76)(cid:87)(cid:92)(cid:3) (cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:92)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:54)(cid:87)(cid:68)(cid:87)(cid:72)(cid:3) (cid:82)(cid:73)(cid:3) (cid:42)(cid:82)(cid:68)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:56)(cid:81)(cid:76)(cid:82)(cid:81)(cid:3) (cid:55)(cid:72)(cid:85)(cid:85)(cid:76)(cid:87)(cid:82)(cid:85)(cid:76)(cid:72)(cid:86)(cid:180)(cid:3) (cid:11)(cid:75)(cid:72)(cid:85)(cid:72)(cid:76)(cid:81)(cid:68)(cid:73)(cid:87)(cid:72)(cid:85)(cid:3) (cid:85)(cid:72)(cid:73)(cid:72)(cid:85)(cid:85)(cid:72)(cid:71)(cid:3) (cid:87)(cid:82)(cid:3) (cid:68)(cid:86)(cid:3) (cid:179)(cid:45)(cid:40)(cid:53)(cid:38)(cid:180)(cid:3)(cid:82)(cid:85)(cid:3)(cid:179)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:180)(cid:12)(cid:3)(cid:89)(cid:76)(cid:71)(cid:72)(cid:3)(cid:81)(cid:82)(cid:87)(cid:76)(cid:73)(cid:76)(cid:70)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:81)(cid:82)(cid:17)(cid:3)(cid:21)(cid:22)(cid:18)(cid:24)(cid:21)(cid:18)(cid:21)(cid:19)(cid:19)(cid:22)-R&R (Vol. II) dated 30thMay, 2008.

JERC is a statutory body responsible for regulation of the Power Sector in the State of Goa and Union Territories of Andaman & Nicobar Islands, Lakshadweep, Chandigarh, Dadra & Nagar Haveli, Daman & Diu and Puducherry, consisting of generation, transmission, distribution, trading and use of electricity etc. Its primary objective includes taking measures conducive to the development of the electricity industry, promoting competition therein, protecting the interests of consumers and ensuring supply of electricity to all areas.

1.2. About Goa

Goa is a state on the southwestern coast of India within the

region known as the Konkan, and geographically separated

from the Deccan highlands by the Western Ghats. It is

surrounded by the Indian states of Maharashtra to the north

and Karnataka to the east and south, with the Arabian Sea

forming its western coast. It is India's smallest state by area

and the fourth-smallest by population. The state is divided

into two districts: North Goa and South Goa. North Goa is divided into three subdivisions (cid:178) Panaji, Mapusa, and Bicholim and further into five talukas (subdistricts). South Goa is divided into five subdivisions (cid:178) Ponda, Mormugao- Vasco, Margao, Quepem, and Dharbandora and further into

seven talukas (subdistricts).

Goa has the highest GDP per capita among all Indian states,

two and a half times that of the country. The state of Goa is

famous for its excellent beaches, churches, and temples.

Tourism is Goa's primary industry, it gets 12% of foreign

tourist arrivals in India. The state is also rich in minerals and

ores, and mining forms the second largest industry. Iron,

bauxite, manganese, clays, limestone, and silica are mined

extensively in Goa.

Goa is often described as a fusion between Eastern and Western culture with Portuguese culture having a dominant position in the state in its architectural, cultural or social settings.

1.3. About Electricity Department, Government of Goa (EDG)

The Electricity Department, Government of Goa (hereinafter re(cid:73)(cid:72)(cid:85)(cid:85)(cid:72)(cid:71)(cid:3) (cid:87)(cid:82)(cid:3) (cid:68)(cid:86)(cid:3) (cid:179)(cid:40)(cid:39)-(cid:42)(cid:82)(cid:68)(cid:180)(cid:3) (cid:82)(cid:85)(cid:3) (cid:179)(cid:40)(cid:39)(cid:42)(cid:180) or (cid:181)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)) is a deemed Distribution Licensee within the meaning of Section 2 (17) of Electricity Act, 2003 and pursuant to the Section 14 of the Electricity Act. Further, Section 42 and 43 of the Electricity Act, 2003 prescribes the following duties of the deemed Distribution Licensee:

(cid:120) To develop and maintain an efficient, coordinated and economical distribution system;

(cid:120) To supply electricity on an application by any person, in accordance with the provisions specified in the Electricity Act 2003;

(cid:120) To provide non-discriminatory open access to the consumers;

(cid:120) To establish a forum for redressal of grievances of the consumers.

The primary objective of EDG is to undertake the transmission, distribution and retail supply of electricity in its license area and for this purpose plan, construct, and manage the power system network in all its aspects. EDG is further responsible for carrying out the business of purchasing and selling of electricity along with activities such as billing and collection in the area.

1.4. Multi Year Tariff Regulations, 2021

The Commission notified the Joint Electricity Regulatory Commission for the State of Goa and Union Territories (Generation, Transmission and Distribution Multi Year Tariff) Regulations, 2021 (hereinafter referred to as JERC MYT Regulations, 2021) on 22nd March, 2021. These Regulations are applicable in the 3rdMYT Control Period comprising of three financial years from FY 2022-23 to FY 2024-25. These Regulations are applicable to all the generation companies, transmission and distribution licensees in the State of Goa and Union Territories of Andaman & Nicobar Islands, Lakshadweep, Chandigarh, Daman & Diu, Dadra & Nagar Haveli and Puducherry.

1.5. Filing and Admission of the Present Petition

The present Petition was admitted on 26th December 2022 and marked as Petition No. 95 of 2022.The Commission and the Petitioner subsequently uploaded the Petition on their respective websites.

1.6. Interaction with the Petitioner

A preliminary scrutiny/analysis of the Petition was conducted, and certain deficiencies were observed.

Accordingly, discrepancy notes were issued to the Petitioner. Further, additional information/clarifications were solicited from the Petitioner as and when required. The Commission and the Petitioner also discussed various concerns of the Petitioner and key data gaps, which included retail sales, revenue from retail tariff, capitalization, tariff proposal etc. The Petitioner submitted its response to the issues through various letters/emails.

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:70)(cid:82)(cid:81)(cid:71)(cid:88)(cid:70)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:55)(cid:72)(cid:70)(cid:75)(cid:81)(cid:76)(cid:70)(cid:68)(cid:79)(cid:3)(cid:57)(cid:68)(cid:79)(cid:76)(cid:71)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:54)(cid:72)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:11)(cid:55)(cid:57)(cid:54)(cid:12)(cid:3)(cid:90)(cid:76)(cid:87)(cid:75)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:3)(cid:68)(cid:87)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3) office in Gurugram, during which the discrepancies in the Petition were conveyed and additional information required by the Commission was sought. Subsequently, the Petitioner submitted replies to the issues raised in this session and provided documentary evidence to substantiate its claims regarding various submissions. The following table provides the list of interactions with the Petitioner along with the dates:

Table 4: Timelines of the interaction with the Petitioner

1.7. Notice for Public Hearing

Public Notices were published by the Commission in the leading newspapers as tabled below, giving due intimation to the stakeholders, consumers and the public at large about the Public Hearing to be conducted by the Commission. These notices were also uplo(cid:68)(cid:71)(cid:72)(cid:71)(cid:3)(cid:82)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:90)(cid:72)(cid:69)(cid:86)(cid:76)(cid:87)(cid:72)

Table 5: Details of Public Notices published by the Commission

The Public Notice was published by the Petitioner in the following newspapers for inviting objections/ suggestionsfrom the stakeholders on the Tariff Petition:

1.8. Public Hearing

The Public Hearing was held on 15thFebruary2023 to discuss the issues, if any, related to the Petition filed by the Petitioner. The issues and concerns raised by the stakeholders in writing and as voiced by them during the Public Hearing have been examined by the Commission. The names of the stakeholders who attended the Public Hearing are provided in Annexure-I. The major issues discussed, the responses of the Petitioner thereon and the views of the Commission have been summarized in Chapter 2 of this Order.

2. Chapter 2: Summary of

Suggestions/Objections received,

Response from the Petitioner and the

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:86)

2.1. Regulatory Process

On admitting the Petition, the Commission directed the Petitioner to make copies of the Petition available to the public, upload the Petition on the website and also publish the same in the newspapers in an abridged form in the given format duly inviting comments/objections from the public as per the provisions of the JERC MYT Regulations, 2021.

The Public Hearing was held on 15th February 2023 to discuss the issues, if any, related to the Petition filed by the Petitioner. The issues and concerns raised by the stakeholders in writing and as voiced by them during the Public Hearing have been examined by the Commission. The names of the stakeholders who attended the Public Hearing are provided in Annexure-I.

2.2. Suggestions/Objections, Response of the Petitioner and

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:86)

The Commission is appreciative of the efforts of various stakeholders in providing their suggestions/comments/ observations to make the process responsive and efficient. The relevant observations of the stakeholders have been suitably considered by the Commission while finalizing this Tariff Order. The submissions of the stakeholders, response of the Petitioner and views of the Commission are summarized below:

2.2.1. Public Hearing Notice

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has raised objection to the hurried conduct of this public hearing with a very short notice. Also, this hearing should have been held at a time of convenience to the consumer. This is a working day, working hours. Do we expect consumers to avail leave of absence to attend this hearing? The Commission should seriously consider holding it on a weekend.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that, the advertisement and notice of public hearing was widely circulated in 4 nos. of local dailies (2-English, 1-Marathi & 1-Konkani) on 06/0(cid:21)(cid:18)(cid:21)(cid:19)(cid:21)(cid:22)(cid:17)(cid:3) (cid:41)(cid:88)(cid:85)(cid:87)(cid:75)(cid:72)(cid:85)(cid:3) (cid:76)(cid:87)(cid:3) (cid:76)(cid:86)(cid:3) (cid:87)(cid:82)(cid:3) (cid:76)(cid:81)(cid:73)(cid:82)(cid:85)(cid:80)(cid:3) (cid:87)(cid:75)(cid:68)(cid:87)(cid:3) (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) JERC is a quasi-Judicial Authority and functions like Court. These hearing are always taken in the working day, however the decision regarding holding of Public Hearing on weekend will be suitably addressed by H(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission appreciates the suggestion of the stakeholders and will take it into account while conducting public hearings in the future.

2.2.2. Solarisation of a Village

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

ED-Goa may adopt a village and solarise to make it as a model village and the same shall be implemented in other villages as well.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the department has noted the crucial suggestion and will make its best efforts in exploring the villages for solarisation.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission appreciates the suggestion of the stakeholders and directs the Petitioner to submit an action plan for the same.

2.2.3. Tariff hike for domestic category

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has objected to the hike in domestic power tariff, especially because of its timing when inflation is high, job losses are high. It will further burden the average household. Further this hike will hardly have any impact on the net Financials of the electricity dept. Instead, the commercial and industrial tariff could be considered for proportionate increase to make up the shortfall, since the gap between domestic and commercial tariff in Goa is much narrower than any other State, especially in this southwestern region.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the (cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:72)(cid:87)(cid:72)(cid:85)(cid:80)(cid:76)(cid:81)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)(cid:53)(cid:38)(cid:3)(cid:68)(cid:86)(cid:3)(cid:83)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3) the EDG. Comparing to the neighbouring states the Tariff of Goa is less. The Government of Goa has not (cid:76)(cid:81)(cid:70)(cid:85)(cid:72)(cid:68)(cid:86)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3) (cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:70)(cid:82)(cid:81)(cid:87)(cid:76)(cid:81)(cid:88)(cid:72)(cid:71)(cid:3)(cid:87)(cid:82)(cid:3)(cid:79)(cid:72)(cid:89)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:36)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3)(cid:37)(cid:60)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:76)(cid:81)(cid:3)(cid:41)(cid:60)(cid:3)(cid:21)(cid:19)(cid:20)(cid:28)-20 for FY 2020-21 & FY 2021-22 allowing the consumers to revive from Covid-19 pandemic. The Petitioner has submitted that the increase in tariff by overall 6% has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3) decide on such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission has no(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.4. Financial Reporting

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The electricity department is guilty of poor financial reporting. Unless every rupee spent, in capital expenditure or otherwise is put through a double-entry accounting process, this department has no moral authority to propose a tariff hike for any category of consumers.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that EDG functions as department under the control of Government of Goa. It is to inform that all the departments functioning under Government of Goa are following single entry system of Accounting. Accordingly, ED Goa also follows single entry system of Accounting.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:3)(cid:80)(cid:68)(cid:92)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:76)(cid:86)(cid:3)(cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:17)(cid:3)(cid:41)(cid:88)(cid:85)(cid:87)(cid:75)(cid:72)(cid:85)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:3)is advised to follow prudent accounting norms for booking of entries and finalization of accounts.

2.2.5. Increase in basic power rate

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that From April 2022 the basic power rate increased by 7%.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that, from FY 2018-2019 till FY 2021-22 (4 years) the tariff was maintained same even though JERC had given tariff hike for FY 2020-21 and FY 2021-22. This was done by way of Cabinet Decision due to Covid -19 Pandemic. JERC approved a Tariff hike of 1.58% for FY 2022-23 over FY 2021-22.

The tariff approved is very nominal for FY 2022-23.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.6. FPPCA charges

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that from April FPPCA charges have increased from 0.39/kwh in Jan 2022 to 1.69/kwh in Sept 2022 which has resulted in power bill increase by 20%.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that FPPCA charges levied to consumer are computed based on the formula (cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3) (cid:69)(cid:92)(cid:3) (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:17)(cid:3) (cid:55)(cid:75)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:80)(cid:68)(cid:71)(cid:72)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:83)(cid:85)(cid:82)(cid:89)(cid:76)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:87)(cid:82)(cid:3) (cid:85)(cid:72)(cid:70)(cid:82)(cid:89)(cid:72)(cid:85)(cid:3) (cid:68)(cid:81)(cid:92)(cid:3) (cid:76)(cid:81)(cid:70)(cid:85)(cid:72)(cid:68)(cid:86)(cid:72)(cid:3) (cid:76)(cid:81)(cid:3) (cid:41)(cid:88)(cid:72)(cid:79)(cid:3) charge to be recovered based on the said formula every quarterly.

(cid:55)(cid:75)(cid:72)(cid:3)(cid:85)(cid:72)(cid:68)(cid:86)(cid:82)(cid:81)(cid:86)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:72)(cid:72)(cid:83)(cid:3)(cid:76)(cid:81)(cid:70)(cid:85)(cid:72)(cid:68)(cid:86)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:41)(cid:51)(cid:51)(cid:38)(cid:36)(cid:3)(cid:70)(cid:75)(cid:68)(cid:85)(cid:74)(cid:72)(cid:86)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:53)(cid:86)(cid:17)(cid:3)(cid:19)(cid:17)(cid:22)(cid:28)(cid:3)(cid:18)(cid:46)(cid:90)(cid:75)(cid:3)(cid:76)(cid:81)(cid:3)(cid:45)(cid:68)(cid:81)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3)(cid:87)(cid:82)(cid:3)(cid:53)(cid:86)(cid:17)(cid:3)(cid:20)(cid:17)(cid:25)(cid:28)(cid:18)(cid:46)(cid:90)(cid:75)(cid:3)(cid:76)(cid:81)(cid:3)(cid:54)(cid:72)(cid:83)(cid:87)(cid:3) (cid:181)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3)(cid:68)(cid:85)(cid:72)(cid:3)(cid:74)(cid:76)(cid:89)(cid:72)(cid:81)(cid:3)(cid:69)(cid:72)(cid:79)(cid:82)(cid:90)(cid:29)(cid:3)-

1. (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:38)(cid:72)(cid:81)(cid:87)(cid:85)(cid:68)(cid:79)(cid:3) (cid:40)(cid:79)(cid:72)(cid:70)(cid:87)(cid:85)(cid:76)(cid:70)(cid:76)(cid:87)(cid:92)(cid:3) (cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:92)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:11)(cid:38)(cid:40)(cid:53)(cid:38)(cid:12)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3) (cid:87)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3) (cid:82)(cid:85)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3) (cid:82)(cid:73)(cid:3) (cid:3) (cid:3) (cid:89)(cid:68)(cid:85)(cid:76)(cid:82)(cid:88)(cid:86)(cid:3) stations of NTPC viz Korba Stage I & II, Sipat I & II, Kawas, Gandhar & Vindhychal I & II towards revision of tariff for the period from 01/04/2014 to 31/03/2019 & approval of tariff for the period 01/04/2019 to 31/03/2024. Subsequent to issuance of tariff orders, Goa has paid a differential amount on account of revision in capacity charges of the stations mentioned above to the extent of Rs. 41.145 Crores.

2. Due to shortage of domestic coal in India and hence blending of imported coal with domestic coal, the Energy rates of NTPC stations have increased by almost 20-30%. Hence the Energy charges of various NTPC stations have increased to multifolds.

3. From the month of April-22, the rate on the Indian Energy Exchange during peak Hours was Rs. 12/kWh since all India demand had increased.

4. The differential Bill-(cid:21)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:83)(cid:72)(cid:85)(cid:76)(cid:82)(cid:71)(cid:3) (cid:45)(cid:68)(cid:81)(cid:88)(cid:68)(cid:85)(cid:92)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:87)(cid:82)(cid:3) (cid:48)(cid:68)(cid:85)(cid:70)(cid:75)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:69)(cid:72)en raised by M/s CTUIL, Gurgaon (cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:3)(cid:82)(cid:73)(cid:3)(cid:45)(cid:88)(cid:79)(cid:92)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3)(cid:87)(cid:82)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:87)(cid:88)(cid:81)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:53)(cid:86)(cid:17)(cid:20)(cid:28)(cid:17)(cid:20)(cid:25)(cid:3)(cid:38)(cid:85)(cid:82)(cid:85)(cid:72)(cid:86)(cid:17)(cid:3)(cid:48)(cid:18)(cid:86)(cid:3)(cid:51)(cid:42)(cid:38)(cid:44)(cid:47)(cid:3)(cid:58)(cid:53)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:85)(cid:68)(cid:76)(cid:86)(cid:72)(cid:71)(cid:3)(cid:36)(cid:85)(cid:85)(cid:72)(cid:68)(cid:85)(cid:86)(cid:3) bill towards ULDC SCADA charges for the period October-16 to June-22 to the tune of Rs. 4.76 Crores.

5. M/s NTPC vide petition No.205/MP/2021 had filed petition in CERC towards recovery of additional expenditure incurred due to Ash transportation charges consequent to Ministry of Environment and forest & Climate change (cid:42)(cid:82)(cid:89)(cid:72)(cid:85)(cid:81)(cid:80)(cid:72)(cid:81)(cid:87)(cid:3)(cid:82)(cid:73)(cid:3)(cid:44)(cid:81)(cid:71)(cid:76)(cid:68)(cid:3)(cid:81)(cid:82)(cid:87)(cid:76)(cid:73)(cid:76)(cid:70)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:17)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:40)(cid:53)(cid:38)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:68)(cid:71)(cid:80)(cid:76)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:76)(cid:71)(cid:3)(cid:70)(cid:79)(cid:68)(cid:76)(cid:80)(cid:3) and has directed NTPC to recover same from the beneficiaries for the period 2019-20 to 21-22 alongOrder on ARR for FY 2022-23 to FY 2024-25 and Retail Tariff for the FY 2022-23 20 Electricity Department, Government of Goa 119 SERIES I No. 5 4TH MAY, 2023 OFFICIAL GAZETTE — GOVT. OF GOA Stakeholder Comments Joint Electricity Regulatory Commission (JERC) (SUPPLEMENT) with applicable interest. The amount towards recovery of ash transportation charges for the period 2019-20 to 2021-22 for Goa is to the tune of Rs.10.56 Crores. Further M/s NTPC has also recovered Ash transportation charges to the tune of Rs. 8.32 crores for the period April-22 to September-22.

The total Ash transportation charges claimed was to the tune of Rs. 18.88 Crores.

6. M/s CTUIL(WR/SR) has claimed following Differential Bills:

a) Differential Bill (Bill-2) for the period April-22 to June-22 along with arrears bill for the period July-11 to March-22.

b) Differential Bill (Bill-2) for the period July-22 to September-22 along with arrears bill for the period July-11 to June-22 in this quarter.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission would like to highlight that the FPPCA is a mechanism that allows the utilities to recover/refund the variation in the power purchase cost over and above the cost approved in the Tariff Order mainly on account of increase/decrease in the power purchase cost. The mechanism ensures timely recovery of the additional cost instead of accounting it at the time of true-up which otherwise may lead to attribution of additional cost in the form of carrying cost which will have impact of enhanced tariffs in the ensuing years.

2.2.7. Additional Street light duty

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that an additional street light duty of 0.08/kWh has been introduced adding another 1%

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that Public Lighting Duty is basically the State Government tax levied by ED Goa as per Public Lighting Duty Act 2021. The Government of Goa collects Public Lighting Duty from all the Consumers of ED-Goa, through the electricity bill of the Consumers. Funds collected are utilised towards Streetlight Repairs and maintenance, improvement and development of Public Lighting infrastructure.

Com(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3)(cid:80)(cid:68)(cid:92)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:76)(cid:86)(cid:3)(cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:17) 2.2.8. Proposed Rate hike

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that proposed rate hike from 4.8 to 4.9 from April 2023, will add another 2 % & will increase basic rate to 9% overall within a span of one year.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the increase of 10 paisa per unit has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission will suitably decide on such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.9. Shutting of power

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that during peak tourist season the department restricts the electricity shutting of power at night time. This forces us to use Diesel generator for extended periods causing increased production costs. During last season in the months of May and June we were given an option to opt for Additional charge in order to get supply. Although this is cheaper than Generator but somewhat we feel like the department is taking advantage to make extra revenue. It also means that Department is able to give a normal supply electricity despite being in Peak Season. Should there not be reimbursements if there is interruption of supply?

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that for April - June of FY 2022 there was huge crises of Power due to the surge in demand as such rates of the exchange had gone as high as Rs. 20/ unit, however after intervention of CERC there was capping of Rs. 12 per unit for purchase of power through open market. This was unexpected and all of sudden. For this situation EDG was not prepared and could not clear on exchange platform the quantum of power that was required. Hence as per the request of Industries the power was purchased at the rate of Rs.12 per unit in April-(cid:48)(cid:68)(cid:92)(cid:181)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:90)(cid:68)(cid:86)(cid:3)(cid:85)(cid:72)(cid:70)(cid:82)(cid:89)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:85)(cid:82)(cid:88)(cid:74)(cid:75)(cid:3)(cid:87)(cid:75)(cid:72)(cid:80)(cid:17)(cid:3)(cid:43)(cid:82)(cid:90)(cid:72)(cid:89)(cid:72)(cid:85)(cid:15)(cid:3)(cid:76)(cid:87)(cid:3)(cid:76)(cid:86)(cid:3)(cid:87)(cid:82)(cid:3)(cid:76)(cid:81)(cid:73)(cid:82)(cid:85)(cid:80)(cid:3)(cid:87)(cid:75)(cid:68)(cid:87)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:38)(cid:88)(cid:85)(cid:85)(cid:72)(cid:81)(cid:87)(cid:3)(cid:41)(cid:60)(cid:3)(cid:21)(cid:19)(cid:21)(cid:22)- 24, EDG has planned in advance for procurement of additional power which will be required to meet the summer demand of April-(cid:48)(cid:68)(cid:92)(cid:182)(cid:3)(cid:21)(cid:19)(cid:21)(cid:22)(cid:17)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)ew:

The Petitioner is advised to be more prepared for such type of situation and should proactively plan the power requirement at optimal cost. Further, the Petitioner is directed to ensure compliance of supply in line with JERC (Standards of Performance) Regulations.

2.2.10. Demand/Fixed Charges

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that we are charged Demand/Fixed Charges every month these charges itself are high. Why should this be increased?

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the (cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:72)(cid:87)(cid:72)(cid:85)(cid:80)(cid:76)(cid:81)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)(cid:53)(cid:38)(cid:3)(cid:68)(cid:86)(cid:3)(cid:83)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3) the EDG. In the Tariff there are two components Fixed Charges and Energy Charge. Fixed charge is the amount collected from the consumer to recover the Capital Expenditure invested and overheads of the department. ED- Goa also pays fixed charged to its generators even if they are on shut downs/ overhauling/maintenance. The variable charge is to recover the cost of energy supplied to the Consumer. Comparing to the neighbouring states the Industrial Tariff of Goa is less.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order. Further, the Commission would like to highlight that the fixed charges supposed to reflect the fixed cost incurred by the department, however, at the approved tariff fixed cost coverage is only ~23%.

2.2.11. Public Lighting

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that Goa Industries provide all year-round revenue generation and Government should support the industries stronger in such instances. Why is Public Lighting charged to Industries? Our Industrial Estate in Pilerne is most of the time in darkness.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)Response:

The Petitioner has submitted that that Public Lighting Duty is basically the State Government tax levied by ED- Goa as per Public Lighting Duty Act 2021. The Government of Goa collects Public Lighting Duty from all the Consumers of ED-Goa, through the electricity bill of the Consumers. Funds collected are utilised for improvement and development of Public Lighting infrastructure. In specific case of Pilerne Industrial Estate it is found that no street lights are installed by Industrial Development Cooperation (IDC) which otherwise IDC was providing in all Industrial Estates of Goa before taking over of street light by Electricity Department. However, necessary action will be taken by department in providing streetlight in Pilerne Industrial Estate.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3)(cid:80)(cid:68)(cid:92)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:76)(cid:86)(cid:3)(cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:17) Further, the Petitioner may take up the issue of providing streetlight in Pilerne Industrial Estate with the concerned department.

2.2.12. Power purchase

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)Comment:

The stakeholder has submitted that EDG has under-estimated for FY 2022-23, Power purchase quantum and cost 4726.31 MU and Rs 1839.54cr but revised is 4998.19 MU and Rs 2230.19 cr. (table 4.12). The energy estimation is less by approximately 5% but cost is less by 21%. This clearly indicates that the estimates of cost of power purchase is too much away from target.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the Power purchase quantum and cost approved in MYT order dated 31 March 2022 for FY 22-23 is 4726.31 MU and Rs 1839.54 cr respectively. However, keeping in mind, the load growth EDG has increased its power purchase quantum so as to take care of increasing load. Due Care is taken to estimate proper costing by incorporating the recent increase in the Power Purchase Cost of NTPC Stations due to low availability of domestic coal and thereby blending with costly imported coal.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission has noted the concern of the stakeholders and the same is discussed while approving the power purchase cost in Chapter 5 of the Tariff Order.

2.2.13. Revenue from sale of power

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted that Revenue from sale of power was estimated INR 2024 crore and revised upwards to INR 2565.79 crore.

Petit(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that Revenue from sale of power was estimated as INR 2024 crore (cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission. However, since the sales has been increased by ED Goa in current petition the revenue has been revised upwards.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission has noted the concern of the stakeholders and the same is discussed while approving the energy sales and revenue in Chapter 5 of the Tariff Order.

2.2.14. Projections of energy sale

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has submitted the projections of energy sale has been considered on the basis of previous years (table 5.6). The power demand and energy sale is expected to be higher than pre-pandemic (doubling in ten years) due to following reasons:

a. Commissioning of Zuari Bridge, b. Commissioning of green field second international airport at Mopa c. Completion of NH 66; d. Exponential increase in EV population (8 KW average) charging power requirement, e. Goa has established as second home apart from first class tourism destination, f. High end malls and shopping complexes are being added (ref GST collection highest in India) g. Air conditioning load is likely to increase due to upward mobility of economy, h. High Power demanding industry (for eg. Binani group is expected to set up a 50 MW demand facility) in Colvale

i. Restarting of mining industry etc and j. By release of suppressed demand due to improvement in Distribution infrastructure. Presently demand is suppressed by under voltage conditions at Verna, Calangute, Candolim, etc.

k. There are pockets in Sanquelim, Tuem, Colem etc where the power reliability is poor (more than 800 hrs of no power). This is expected to improve because of the underground cabling program. EDG may be directed to revise upwardly its demand forecast and energy sale estimation.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the sales projected for FY 23-24 has been estimated considering the above load growth. The entire load shown above may not come in FY- 23-24 hence the balance load growth will be assessed by ED-Goa and will be suitably incorporated in future years petition

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission has noted the concern of the stakeholders and the same is discussed while approving the energy sales in Chapter 5 of the Tariff Order.

2.2.15. Average Power Purchase Rate

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The Average Power Purchase rate is Rs 4.06 per unit which is all time high. Traditionally Goa has been sourcing power at very economical rates. The practise of purchasing power from open market at energy exchanges may be limited to some percentage of peak power requirements. Buying peak power fully from energy exchanges will strain consumers. Considering the increasing power demand, EDG should resort to tendering at the least for 125 MW power.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)Response:

The Petitioner has submitted that average power purchase cost of Rs. 4.06 per unit is high due to blending of imported coal with domestic coal, high target of fulfillment of RPO for which short term power is purchased at Rs. 5 per kwh and above. However, EDG is making its best effort to tie up long term power at reasonable rate so as to fulfill the demand as well as to optimise the power purchase cost. EDG has signed PPA with SECI for purchase of 150 MW of Hybrid Power (Solar, Wind, BESS) with assured peak power at the rate of Rs.4.03 per unit. Various proposal for tieing up of cheap as well as renewable power is under scrutiny. Also, EDG is (cid:72)(cid:81)(cid:70)(cid:82)(cid:88)(cid:85)(cid:68)(cid:74)(cid:76)(cid:81)(cid:74)(cid:3) (cid:86)(cid:90)(cid:68)(cid:83)(cid:83)(cid:76)(cid:81)(cid:74)(cid:3) (cid:82)(cid:73)(cid:3) (cid:83)(cid:82)(cid:90)(cid:72)(cid:85)(cid:3) (cid:87)(cid:85)(cid:68)(cid:81)(cid:86)(cid:68)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:11)(cid:37)(cid:68)(cid:81)(cid:78)(cid:76)(cid:81)(cid:74)(cid:3) (cid:68)(cid:85)(cid:85)(cid:68)(cid:81)(cid:74)(cid:72)(cid:80)(cid:72)(cid:81)(cid:87)(cid:12)(cid:3) (cid:90)(cid:72)(cid:85)(cid:72)(cid:3) (cid:40)(cid:39)(cid:42)(cid:182)(cid:86)(cid:3) (cid:82)(cid:73)(cid:73)(cid:3) (cid:83)(cid:72)(cid:68)(cid:78)(cid:3) (cid:86)(cid:88)(cid:85)(cid:83)(cid:79)(cid:88)(cid:86)(cid:3) (cid:83)(cid:82)(cid:90)(cid:72)(cid:85)(cid:3) (cid:76)(cid:86)(cid:3) swapped to needy utility through CERC approved license trader and power is taken back by EDG in peak hours (deficit hours) on fixed ratio ba(cid:86)(cid:76)(cid:86)(cid:17)(cid:3) (cid:55)(cid:75)(cid:76)(cid:86)(cid:3) (cid:76)(cid:86)(cid:3) (cid:80)(cid:88)(cid:70)(cid:75)(cid:3) (cid:72)(cid:70)(cid:82)(cid:81)(cid:82)(cid:80)(cid:76)(cid:70)(cid:68)(cid:79)(cid:3) (cid:68)(cid:86)(cid:3) (cid:40)(cid:39)(cid:42)(cid:3) (cid:71)(cid:82)(cid:72)(cid:86)(cid:81)(cid:182)(cid:87)(cid:3) (cid:83)(cid:68)(cid:92)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:83)(cid:72)(cid:68)(cid:78)(cid:3) (cid:83)(cid:82)(cid:90)(cid:72)(cid:85)(cid:3) (cid:85)(cid:68)(cid:87)(cid:72)(cid:86)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) financial liability is only to the extent of trading margin and open access charges.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3) (cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3) (cid:80)(cid:68)(cid:92)(cid:3) (cid:81)(cid:82)(cid:87)(cid:72)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:76)(cid:86)(cid:3) (cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:17) The Commission would also like to highlight that the power purchase cost is an uncontrollable factor and it has gone up in recent years due to unavailability of enough domestic coal and the increased cost of blending of imported coal has led to the increase in Power Purchase Cost across the nation.

2.2.16. Employee Expenses

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The Employee Expenditure, which is 82% of the Total Expenses for 2022-23, is very high. Annexure-3 giving the report of the O&M Manpower Study (Item No 4 of Para 12.1) is not shown in the Petition.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the employee expenses for H1 provided in the Table 4-16 is the actual expenses and based on it the projections for H2 is prepared. So, the expenses pertaining to Employee are legitimate. The manpower Study is submitted to the JERC as a part of the Annexures and the same are uploaded on website.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3)(cid:80)(cid:68)(cid:92)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:76)(cid:86)(cid:3)(cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:17)

2.2.17. HT-Industrial Consumer

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

HT-Industrial Consumers: As an example, in the case of MRF, the average Power landed cost including fixed, FPPCA and other charges, was Rs 6.01 in 2021-22. After the revision, in 2022-23 this has jumped to Rs 7.34 p.u., causing an impact of Rs 11 Crores per annum. With the proposed hike the additional burden on this consumer will be approximately Rs 1 Crore. Efficiency improvement is a must if industry has to survive in Goa.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the Tariff for various ca(cid:87)(cid:72)(cid:74)(cid:82)(cid:85)(cid:92)(cid:3)(cid:82)(cid:73)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:88)(cid:80)(cid:72)(cid:85)(cid:86)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:72)(cid:87)(cid:72)(cid:85)(cid:80)(cid:76)(cid:81)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)(cid:53)(cid:38)(cid:3) after scrutinising the petition submitted by the EDG based on the JERC Distribution Regulations, 2021. The FPPCA charges depends upon the change in the fuel cost due to various factors (increase in cost of local coal prices, increase in the cost of imported coal, issues regarding to availability of Coal, inflation) and the same is (cid:70)(cid:82)(cid:80)(cid:83)(cid:88)(cid:87)(cid:72)(cid:71)(cid:3)(cid:84)(cid:88)(cid:68)(cid:85)(cid:87)(cid:72)(cid:85)(cid:79)(cid:92)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:89)(cid:72)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)(cid:53)(cid:38)(cid:17)(cid:3)(cid:54)(cid:82)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:87)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:41)(cid:51)(cid:51)(cid:38)(cid:36)(cid:3)(cid:70)(cid:82)(cid:86)(cid:87)(cid:3)(cid:79)(cid:72)(cid:89)(cid:76)(cid:72)(cid:71)(cid:3)(cid:68)(cid:85)(cid:72)(cid:3)(cid:79)(cid:72)(cid:74)(cid:76)(cid:87)(cid:76)(cid:80)(cid:68)(cid:87)(cid:72)(cid:17)124 Order on ARR for FY 2022-23 to FY 2024-25 and Retail Tariff for the FY 2022-23 25 Electricity Department, Government of Goa Stakeholder Comments Joint Electricity Regulatory Commission (JERC) SERIES I No. 5 4TH MAY, 2023 OFFICIAL GAZETTE — GOVT. OF GOA (SUPPLEMENT)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission (cid:68)(cid:83)(cid:83)(cid:85)(cid:72)(cid:70)(cid:76)(cid:68)(cid:87)(cid:72)(cid:86)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:182)(cid:3) (cid:86)(cid:88)(cid:74)(cid:74)(cid:72)(cid:86)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) would like to highlight that the FPPCA is a mechanism that allows the utilities to recover/refund the variation in the power purchase cost over and above the cost approved in the Tariff Order mainly on account of increase/decrease in the fuel cost. The mechanism ensures timley recovery of the additional cost instead of accounting it at the time of true-up which otherwise may lead to attribution of additional cost in the form of carrying cost and will lead to enhanced tariffs in the ensuing years.

2.2.18. Pumped Hydro Storage power

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

In Oct 2022, Minister for Power, Goa had announced that the encourage Pumped Hydro Storage power. There is no mention on this. Promotion of Solar power and offshore wind etc have to be explored for the benefit of the environment and the state. And for storage of green power, in order to make power available during non- generating periods and peak load periods, batteries are required. Due to the high cost of batteries, as an incentive, subsidy should be made available.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that EDG has taken a note of it. Suitable measures will be taken in collaboration with Goa Energy Development Agency GEDA.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The (cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3) (cid:80)(cid:68)(cid:92)(cid:3) (cid:81)(cid:82)(cid:87)(cid:72)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:76)(cid:86)(cid:3) (cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71). Further, the Petitioner is directed to explore the feasibility of Battery enabled storage system as a backup to meet the peak demand and round the clock power supply.

2.2.19. Converting divisions and sub-divisions

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

Converting divisions and sub-divisions as strategic business units is a very important step. The excuse provided by EDG is flimsy and the energy between subdivisions can be easily accounted.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that department is working on the division level audit. Once the audit is in place the issues will be resolved.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The (cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:3) (cid:80)(cid:68)(cid:92)(cid:3) (cid:81)(cid:82)(cid:87)(cid:72)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:76)(cid:86)(cid:3) (cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:71)(cid:76)(cid:85)(cid:72)(cid:70)(cid:87)(cid:86)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:3) (cid:87)o adopt best industry practices of internal audit so that audit of all division and sub-divisions is carried out in a timely manner.

2.2.20. Tariff for Agriculture category

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The increase in tariff for Agriculture (Allied Activities), HT and LT, should be brought on par with the increase in tariff for Agriculture (Pump Sets/Irrigation). Increasing tariff to Low and medium voltage consumers is going to hurt small and cottage industries the most. They are the highest employment generators. This may please be avoided.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that increase in tariff by overall 6% has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission will suitably decide on such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.21. Tariff Hike

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The Goa Elect Dept's petition to the JERC proposes a 6% tariff hike across the board. The wording of the petition now makes one thing clear that the Goa Govt has proposed the hike and that the JERC only approves it.

In the past power ministers of BJP Govts have claimed that JERC had imposed power tariff hikes on the common man, but now this one more lie now nailed. It has always been the case that the Govt proposes tariff hikes and the JERC approves them based on figures provided by the Elect Dept which show gaps in revenue to justify the hikes. It must be noted that in January 2022 or thereabouts, when the JERC had approved the Goa ED's proposal for tariff hike, the Goa Govt had decided to freeze power tariffs, obviously because it was an election year. So, if the Govt can refrain from hiking tariffs only for votes, why should they increase tariffs now when the common man is burdened by price rise, inflation, joblessness, etc., all because of the double engine govt's failure to protect the interests of the common man. If you can try to fool the public just to get votes by keeping tariffs low, why should you propose a hike now when things are so difficult. Another point to be noted is that the justification for the hike is based on the revenue gap shown by the Elect Dept. Page of the petition clearly states that the Elect Dept's accounts for 2019-20 & 2021-22 have not yet been audited though they should have been submitted by November 2021. The petition dated 30.11.22 promises that the audited accounts for these years would be submitted by 20.12.22. It would be interesting to know whether it has been done. In any case, the figures on which the tariff hike is based are 'provisional actual numbers' - a term used time and again in the petition. Is this another way of saying that the hike is not based on actual numbers but numbers that have been fabricated or fudged, just to justify the tariff hike?

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that it has audited all its financial accounts till FY 21-22 from Comptroller and Auditor General of India (CAG). Accordingly, ED-Goa has also filed True Up Petition for FY 17-18 to FY 19-20 (cid:69)(cid:72)(cid:73)(cid:82)(cid:85)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:3)(cid:82)(cid:73)(cid:3)(cid:36)(cid:88)(cid:74)(cid:88)(cid:86)(cid:87)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:17)(cid:3)(cid:36)(cid:79)(cid:79)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:82)(cid:70)(cid:72)(cid:72)(cid:71)(cid:76)(cid:81)(cid:74)(cid:3)(cid:82)(cid:73)(cid:3)(cid:55)(cid:85)(cid:88)(cid:72)(cid:3)(cid:56)(cid:83)(cid:3)(cid:83)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission are over and is waiting for final Orders. As regards submission of Audited account by 20.12.22, it is (cid:87)(cid:82)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:87)(cid:3)(cid:87)(cid:75)(cid:68)(cid:87)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:68)(cid:70)(cid:70)(cid:82)(cid:88)(cid:81)(cid:87)(cid:86)(cid:3)(cid:90)(cid:72)(cid:85)(cid:72)(cid:3)(cid:68)(cid:88)(cid:71)(cid:76)(cid:87)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:39)(cid:72)(cid:70)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:15)(cid:3)(cid:43)(cid:82)(cid:90)(cid:72)(cid:89)(cid:72)(cid:85)(cid:3)(cid:38)(cid:36)(cid:42)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:72)(cid:85)(cid:87)(cid:76)(cid:73)(cid:76)(cid:70)(cid:68)(cid:87)(cid:72)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:3)(cid:82)(cid:73)(cid:3) (cid:41)(cid:72)(cid:69)(cid:182)(cid:21)(cid:19)(cid:21)(cid:22)(cid:17)(cid:3)(cid:36)(cid:70)(cid:70)(cid:82)(cid:85)(cid:71)(cid:76)(cid:81)(cid:74)(cid:79)(cid:92)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:55)(cid:85)(cid:88)(cid:72)(cid:3)(cid:56)(cid:83)(cid:3)(cid:83)etition for FY- 20-21& FY- 21-22 are also filed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:76)(cid:81)(cid:3)(cid:41)(cid:72)(cid:69)(cid:182)(cid:21)(cid:19)(cid:21)(cid:22)(cid:17)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission has noted the concerns of the stakeholders.

2.2.22. Revenue Gap

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

Coming to the 'revenue gap' which is sought to be filled by burdening the pockets of the common man, has the EDG taken any measures in the recent past to investigate the reasons for the revenue gap. One obvious reason is the AT&C loss (Aggregate Technical & Commercial Loss) which denotes the amount of power generated or purchased (in Goa's case mainly purchased) which does not reach the consumers and hence cannot be sold, because it is lost in either technical losses meaning distribution losses because of poor quality infrastructure or commercial losses like theft of energy, inefficient billing methods, etc

The petition admits a transmission & distribution loss of 8.45% which is very high for a state like Goa having a very small size and a practically even terrain. The central Power Ministry's website shows an AT&C loss of 13.39% for Goa. Compare this to the 12.54% AT&C loss of a state like Himachal Pradesh, whose area is 15 times Goa's and which has an extremely hilly terrain, which ensures high distribution losses. This obviously means that our Govt is making the common man pay for its own inefficiency & incompetency.

The proposed revenue gap recovery through tariff hike for FY 2023-24, which will come into effect from 1.4.23, is Rs 134.96 crores. The budgetary support commitment from the Government to cover the remaining revenue gap is Rs 348.69 crores. However, the Electricity Department, which should be looking inwards to be competent and efficient enough to bridge the revenue gap by improving its performance and financial accountability, wants to burden the consumer directly and the taxpayer through the budgetary support. The GFP is convinced that the consumer should not be burdened further in these difficult times and that the JERC should compel the Goa Electricity Department to reduce its AT&C loss percentage which would also bring down the budgetary support required from the Govt. The GFP also demands that the figures put up by the Electricity Department should be vetted by an independent authority so that the justification for both the tariff hike and budgetary support is checked for authenticity.

GFP would also like to point out that in October 2018 the then Power Minister had promised that there would be no tariff hike till 24 hrs continuous power supply was achieved. We would also want to remind the Chief Engineer that he was present at the PC on 14.1.2020 when the Power Minister reiterated his statement of 2018. Would the Chief Engineer like to claim that his Department had achieved the promise of 24 hrs continuous power supply when he filed this petition on 30.11.22?

P(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the Government of Goa has not increased the Tariff and continued to levy the (cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:36)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:41)(cid:60)(cid:3)(cid:21)(cid:19)(cid:20)(cid:28)-20 for FY 2020-21 & FY 2021-22 allowing the consumers to revive from Covid-19 pandemic. Further for FY 2022-23 the EDG has proposed to retain the same tariff.

However, JERC has increased the overall tariff to the level of 1.58% only.

Due to increase in the coal and short-term market prices to bridge the peak requirements of the State of Goa, the power purchase cost has increased. Due to less availability of coal and thereby blending of costly imported coal with domestic coal, the prices of NTPC stations from where goa purchases 85% of its power has gone very high. Power purchase cost forms overall forms around 70-80% of its Annual Revenue Requirement. Cost of power purchase is uncontrollable. Further to provide the quality power supply, EDG is investing on the System strengthening projects.

Further, EDG submits that, the Electricity Department accounts for FY 2020-21 & FY 2021-22 has been audited and the controller CAG has issued the certificate on 08.02.2023. The revised projections for FY 2022-23 and projections for FY 2023-24 were based on the Actual figures of the past.

EDG have improved their Distribution losses to 8.45% for FY 2021-22 w.r.t to the JERC Approved figure of 10.25% which is a very good improvement. This is due to various infrastructure upgrades. Further, EDG is planning for more infrastructure development and performance is likely to improve in the upcoming years which will reduce the AT&C losses as well.

The Bureau of Energy Efficiency (BEE) has setup consultants to review and verify the Energy balance and Losses at various levels. The report has been submitted to BEE for FY 2020-21 & FY 2021-22.The EDG is working swiftly to provide 24x7 power supply to its Consumers in the State of Goa. Most of the Overhead lines are being converted to Underground lines to avert the unnecessary power cuts and power outages due to faults and other reasons. System Strengthening works are in progress to meet the existing and upcoming demand.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3) (cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3) (cid:80)(cid:68)(cid:92)(cid:3) (cid:81)(cid:82)(cid:87)(cid:72)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:76)(cid:86)(cid:3) (cid:85)(cid:72)(cid:74)(cid:68)(cid:85)d. The Commission has discussed the principles adopted for approving the Tariff in Chapter 6 of the Tariff Order. Further, the Petitioner is directed to complete the Energy Audit on priority and share the energy audit report within three months of issuance of this order.

2.2.23. Unnecessary Burden on Industries

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

We, Goa State Industries Association, are the apex organization for Micro, Small and Medium Enterprises (MSMEs) in Goa.

We have received several representations from our members informing us that the Petition of November 2022 filed by Electricity Department, Government of Goa, before you, for approval of tariff for 2023-24 is unjustified and will put heavy financial burden on the industries in Goa which are just recovering from the shocks of Covid- 19 pandemic. Some of the representations received by us are enclosed for your kind perusal.

Sir, you will kindly observe that due to increase in FPPCA charges, imposition of street light duty and other charges, the power tariff in the State of Goa has already been increased by around 7% during the last eleven months. The proposed hike in rates will add another 2% and, accordingly, basic power rate will increase by around 9% over that of April 2022.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that from FY 18-19 till FY 21-22 (4 years) the tariff was maintained same even though JERC had given tariff hike for FY 20-21 and FY 21-22. This was done by way of Cabinet Decision due to Covid -19 Pandemic.JERC approved a Tariff hike of 1.58% for FY-22-23 over FY-21-22. The tariff approved is very nominal for FY 22-23.

EDG submits that, FPPCA charges levied to (cid:70)(cid:82)(cid:81)(cid:86)(cid:88)(cid:80)(cid:72)(cid:85)(cid:3)(cid:68)(cid:85)(cid:72)(cid:3)(cid:70)(cid:82)(cid:80)(cid:83)(cid:88)(cid:87)(cid:72)(cid:71)(cid:3)(cid:69)(cid:68)(cid:86)(cid:72)(cid:71)(cid:3)(cid:82)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:73)(cid:82)(cid:85)(cid:80)(cid:88)(cid:79)(cid:68)(cid:3)(cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission. The Commission has made the provision to recover any increase in Fuel charge to be recovered based on the said formula every quarterly.

The reasons for the steep increase of FPPCA (cid:70)(cid:75)(cid:68)(cid:85)(cid:74)(cid:72)(cid:86)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:53)(cid:86)(cid:17)(cid:3)(cid:19)(cid:17)(cid:22)(cid:28)(cid:3)(cid:18)(cid:46)(cid:90)(cid:75)(cid:3)(cid:76)(cid:81)(cid:3)(cid:45)(cid:68)(cid:81)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3)(cid:87)(cid:82)(cid:3)(cid:53)(cid:86)(cid:17)(cid:3)(cid:20)(cid:17)(cid:25)(cid:28)(cid:18)(cid:46)(cid:90)(cid:75)(cid:3)(cid:76)(cid:81)(cid:3)(cid:54)(cid:72)(cid:83)(cid:87)(cid:3) (cid:181)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3)(cid:68)(cid:85)(cid:72)(cid:3)(cid:74)(cid:76)(cid:89)(cid:72)(cid:81)(cid:3)(cid:69)(cid:72)(cid:79)(cid:82)(cid:90)(cid:29)(cid:3)-

1. (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:38)(cid:72)(cid:81)(cid:87)(cid:85)(cid:68)(cid:79)(cid:3) (cid:40)(cid:79)(cid:72)(cid:70)(cid:87)(cid:85)(cid:76)(cid:70)(cid:76)(cid:87)(cid:92)(cid:3) (cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:82)(cid:85)(cid:92)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:11)(cid:38)(cid:40)(cid:53)(cid:38)(cid:12)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3) (cid:87)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3) (cid:82)(cid:85)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3) (cid:82)(cid:73)(cid:3) (cid:3) (cid:3) (cid:89)(cid:68)(cid:85)(cid:76)(cid:82)(cid:88)(cid:86)(cid:3)

stations of NTPC viz Korba Stage I & II, Sipat I & II, Kawas, Gandhar & Vindhychal I & II towards

revision of tariff for the period from 01/04/2014 to 31/03/2019 & approval of tariff for the period

01/04/2019 to 31/03/2024. Subsequent to issuance of tariff orders, Goa has paid a differential

amount on account of revision in capacity charges of the stations mentioned above to the extent of

Rs. 41.145 Crores.

2. Due to shortage of domestic coal in India and hence blending of imported coal with domestic coal, the Energy rates of NTPC stations have increased by almost 20-30%. Hence the Energy charges of various NTPC stations have increased to multifolds.

3. From the month of April-22, the rate on the Indian Energy Exchange during peak Hours was Rs. 12/kWh since all India demand had increased.

4. The differential Bill-2 for the period (cid:45)(cid:68)(cid:81)(cid:88)(cid:68)(cid:85)(cid:92)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:87)(cid:82)(cid:3) (cid:48)(cid:68)(cid:85)(cid:70)(cid:75)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:69)(cid:72)(cid:72)(cid:81)(cid:3) (cid:85)(cid:68)(cid:76)(cid:86)(cid:72)(cid:71)(cid:3) (cid:69)(cid:92)(cid:3) (cid:48)(cid:18)(cid:86)(cid:3) (cid:38)(cid:55)(cid:56)(cid:44)(cid:47)(cid:15)(cid:3) (cid:42)(cid:88)(cid:85)(cid:74)(cid:68)(cid:82)(cid:81)(cid:3) (cid:3) (cid:3) (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:3) (cid:82)(cid:73)(cid:3) (cid:45)(cid:88)(cid:79)(cid:92)(cid:182)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:87)(cid:82)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:87)(cid:88)(cid:81)(cid:72)(cid:3) (cid:82)(cid:73)(cid:3) (cid:53)(cid:86)(cid:17)(cid:20)(cid:28)(cid:17)(cid:20)(cid:25)(cid:3) (cid:38)(cid:85)(cid:82)(cid:85)(cid:72)(cid:86)(cid:17)(cid:3) (cid:48)(cid:18)(cid:86)(cid:3) (cid:51)(cid:42)(cid:38)(cid:44)(cid:47)(cid:3) (cid:58)(cid:53)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:85)(cid:68)(cid:76)(cid:86)(cid:72)(cid:71)(cid:3) Arrears bill towards ULDC SCADA charges for the period October-16 to June-22 to the tune of Rs.

4.76 Crores.

5. M/s NTPC vide petition No.205/MP/2021 had filed petition in CERC towards recovery of additional expenditure incurred due to Ash transportation charges consequent to Ministry of Environment and forest & Climate change Government of India notification. Hon(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:40)(cid:53)(cid:38)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:68)(cid:71)(cid:80)(cid:76)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:76)(cid:71)(cid:3)(cid:70)(cid:79)(cid:68)(cid:76)(cid:80)(cid:3) and has directed NTPC to recover same from the beneficiaries for the period 2019-20 to 21-22 along with applicable interest. The amount towards recovery of ash transportation charges for the period 2019-20 to 2021-22 for Goa is to the tune of Rs.10.56 Crores. Further M/s NTPC has also recovered Ash transportation charges to the tune of Rs. 8.32 crores for the period April-22 to September-22.

The total Ash transportation charges claimed was to the tune of Rs. 18.88 Crores.

6. M/s CTUIL(WR/SR) has claimed following Differential Bills:

a) Differential Bill (Bill-2) for the period April-22 to June-22 along with arrears bill for the period July-11 to March-22.

b) Differential Bill (Bill-2) for the period July-22 to September-22 along with arrears bill for the period July-11 to June-22 in this quarter.

The Petitioner has further submitted that the Public Lighting Duty is basically the State Government tax levied by ED Goa as per Public Lighting Duty Act 2021. The Government of Goa collects Public Lighting Duty from all the Consumers of ED-Goa, through the electricity bill of the Consumers. Funds collected are utilised towards Streetlight Repairs and maintenance, improvement and development of Public Lighting infrastructure

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86) View:

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.24. Revenue from Industrial category

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

As per Table 1-1: No. of Consumers and Sales for FY 2022-23 (H1) on page 16 of the petition, it is evident that industrial consumers which accounts for 0.94% of the total consumers contribute Rs. 1114.74 crores which is 50.33% of the total revenue. You will kindly note that Domestic Consumers and Commercial Consumers which account for 80.17% and 15.43% respectively, generate 32,27% and 14.17% of the total revenue. It therefore, shows that Government of Goa is providing subsidized power to Domestic and Commercial Consumers at the cost of the Industrial Consumers. Moreover, during the peak season (Apr-June last year) when there was shortage of power and load shedding was announced, the industries came forward and agreed to put the bill for purchase of power from open market (IEX) and contributed Rs. 33.34 crores.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted thatthe efforts have been made to reduce the cross subsidy of domestic consumers and commercial consumers (upto 100 Units only) by proposing reasonable tariff hike in the current petition.

However, the commercial consumers above 100 units are having high tariff which is not been cross subsidized by industries. EDG submits that, for April to June of FY 2022, there was huge crises of power due to the surge in demand as such rates of the exchange had gone as high as Rs. 20/ unit, however after intervention of CERC there was capping of Rs. 12 per unit for purchase of power through open market. This was unexpected and all of sudden. For this situation EDG was not prepared and could not clear on exchange platform the quantum of power that was required. Hence as per the request of Industries the power was purchased at the rate of Rs.12 per unit in April-(cid:48)(cid:68)(cid:92)(cid:3) (cid:181)(cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:90)(cid:68)(cid:86)(cid:3) (cid:85)(cid:72)(cid:70)(cid:82)(cid:89)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3) (cid:87)(cid:75)(cid:85)(cid:82)(cid:88)(cid:74)(cid:75)(cid:3) (cid:87)(cid:75)(cid:72)(cid:80)(cid:17)(cid:3) (cid:43)(cid:82)(cid:90)(cid:72)(cid:89)(cid:72)(cid:85)(cid:15)(cid:3) (cid:76)(cid:87)(cid:3) (cid:76)(cid:86)(cid:3) (cid:87)o inform that for Current FY 2023-24, EDG has planned in advance for procurement of additional power which will be required to meet the summer demand of April-(cid:48)(cid:68)(cid:92)(cid:182)(cid:3)(cid:21)(cid:19)(cid:21)(cid:22)(cid:17)(cid:3)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.25. Tariff hike

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The stakeholder has requested that no further increase in power tariff should be imposed on the industrial consumers. Any further increase in the tariff will blunt the competitive edge of the industries in Goa leading to closure of some industries and rise in unemployment rate in the State. It appears that with the proposed hike, Electricity Department wants to follow the old proverb of killing the goose that lays the golden eggs.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that increase has been proposed by ED-Goa in present (cid:83)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission will suitably decide on such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)e is discussed in the principles adopted for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.26. Tariff for Agriculture category

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The increase in tariff for Agriculture (Allied Activities), HT and LT, should be brought on par with the increase in tariff for Agriculture (Pump Sets/Irrigation). Increasing tariff to Low and medium voltage consumers is going to hurt small and cottage industries the most. They are the highest employment generators. This may please be avoided.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)s Response:

The Petitioner has submitted that increase in tariff by overall 6% has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) Commission will suitably decide on such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.27. Tariff for Railway traction

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

Konkan Railway Corporation Limited (KRCL) has verbally stated in the Public Hearing that there is no Railway Traction Tariff present in Goa and hence KRCL is billed in the HT Industrial Tariff (Connected at 220 kV) (cid:38)(cid:68)(cid:87)(cid:72)(cid:74)(cid:82)(cid:85)(cid:92)(cid:17)(cid:3)(cid:46)(cid:53)(cid:38)(cid:47)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:85)(cid:72)(cid:84)(cid:88)(cid:72)(cid:86)(cid:87)(cid:72)(cid:71)(cid:3)(cid:40)(cid:39)(cid:42)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)RC to implement Railway Traction tariff in the upcoming Tariff Order for FY 2023-24 as implemented the same is implemented in other state.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that presently Konkan Railways are billed under EHT Industrial Tariff Category.

As other (cid:54)(cid:40)(cid:53)(cid:38)(cid:86)(cid:3)(cid:68)(cid:85)(cid:72)(cid:3)(cid:75)(cid:68)(cid:89)(cid:76)(cid:81)(cid:74)(cid:3)(cid:85)(cid:68)(cid:76)(cid:79)(cid:90)(cid:68)(cid:92)(cid:3)(cid:87)(cid:85)(cid:68)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:87)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:15)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:80)(cid:68)(cid:92)(cid:3)(cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3)(cid:71)(cid:72)(cid:70)(cid:76)(cid:71)(cid:72)(cid:3)(cid:82)(cid:81)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:76)(cid:81)(cid:87)(cid:85)(cid:82)(cid:71)(cid:88)(cid:70)(cid:76)(cid:81)(cid:74)(cid:3) new category of Railway Traction Tariff in Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:68)(cid:83)(cid:83)(cid:85)(cid:72)(cid:70)(cid:76)(cid:68)(cid:87)(cid:72)(cid:86)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:182)(cid:3) (cid:86)(cid:88)(cid:74)(cid:74)(cid:72)(cid:86)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:71)(cid:76)(cid:85)(cid:72)(cid:70)ts the Petitioner to submit the relevant (cid:71)(cid:72)(cid:87)(cid:68)(cid:76)(cid:79)(cid:86)(cid:3) (cid:86)(cid:88)(cid:70)(cid:75)(cid:3) (cid:68)(cid:86)(cid:3) (cid:86)(cid:68)(cid:79)(cid:72)(cid:86)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:70)(cid:82)(cid:81)(cid:81)(cid:72)(cid:70)(cid:87)(cid:72)(cid:71)(cid:3) (cid:79)(cid:82)(cid:68)(cid:71)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3) (cid:72)(cid:89)(cid:68)(cid:79)(cid:88)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:17)(cid:3) (cid:36)(cid:70)(cid:70)(cid:82)(cid:85)(cid:71)(cid:76)(cid:81)(cid:74)(cid:79)(cid:92)(cid:15)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:90)(cid:76)(cid:79)(cid:79)(cid:3) evaluate the proposal.

2.2.28. Fixed Charges

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The Fixed Charges which were hiked for FY 2022-23 from Rs.60/Months to Rs.20KW/Month = Rs. 320/Month. The Hike of Rs. 260/Month for Me was Extremely High. The Fixed Charges are Proposed to Be Hiked to Rs.22KWMonth= Rs.352/Month for FY2023-24. Since I Use 5 Star rated Appliances my Energy Consumption is Around 150-200 units. So my Energy Charges are around Rs.300/Month. But the Fixed Charges for me of Rs. 320/Month is totally not acceptable, when I am consuming less Energy compared to the other Consumers.

Further he suggested to reduce the Fixed Charges from Rs. 20KW/Month (Rs. 320) to Rs.10/Month (Rs.160).To compensate for the Losses for Financial year, Kindy Increase only the Energy Charges and Not Fixed Charges. Kindly Reduce the Fixed Charges. Please Give Justice to the Consumer Using 5 star Rated Appliances. My Main aim is to save Energy.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that prior to FY 22-23 the fixed charges were fixed for single phase and three (cid:83)(cid:75)(cid:68)(cid:86)(cid:72)(cid:3)(cid:71)(cid:82)(cid:80)(cid:72)(cid:86)(cid:87)(cid:76)(cid:70)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:88)(cid:80)(cid:72)(cid:85)(cid:86)(cid:3)(cid:76)(cid:85)(cid:85)(cid:72)(cid:86)(cid:83)(cid:72)(cid:70)(cid:87)(cid:76)(cid:89)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:79)(cid:82)(cid:68)(cid:71)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:88)(cid:80)(cid:72)(cid:85)(cid:17)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81) its tariff order for FY 22-23 has introduced the fixed charges to be charged based on load of the consumer. From the above objection it is noticed that the consumer is having 16 KW of load hence is getting the bill of Rs. 320/month. The increase in tariff by overall 6% has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3)(cid:71)(cid:72)(cid:70)(cid:76)(cid:71)(cid:72)(cid:3)(cid:82)(cid:81)(cid:3) such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED- Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order. Further, the Commission would like to highlight that the fixed charges supposed to reflect the fixed cost incurred by the department, however, at the approved tariff fixed cost coverage is only ~23%.

2.2.29. Tariff Hike

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The Power Tariff increase proposal submitted by GED is going to increase our landing Power Cost. This frequent increase in Electricity Tariff seriously affects our company.

Average landing Power cost per Unit in the year 2021-22 was Rs 6.01. Average landing Power cost per Unit in the year 2022-23 was Rs 7.34. This increase has resulted into additional burden of Rs 11.02 Cr. Per annum.

1. Energy charges from Rs.4.40 to 4.70/wit: Rs 2.75 Cr /Annum

2. FPPCA (2022-23 average Rs.1.09/unit till Dec'23) (2021-22 average Rs.0.42lunit)

3. Increase Rs. 0.67/unit over previous year: Rs. 6.08 Cr/Annum

4. Lighting duty. Introduced from June 2022 Rs. 0. 08/unit: 0.6 Cr/Annum

5. Additional Power charge Apr /May / June-22 Rs. 1.20 /unit: 1.62 Cr/Annum

Proposed tariff rise will further increase our electricity bill by Rs 1.00 Cr per annum. In the present situation after prolonged Covid pandemic and global economic crisis, we are facing serious financial problem along with other industries. Any further increase in the Tariff rates will increase our burden further. Therefore, we humbly request your honourable office not to increase the proposed Power Tariff for the year 2023-24.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the concern is noted, However the Tariff of EDG is comparatively less than the neighbouring states. The following is provided with the Tariff of the State Maharashtra and State Karnataka.

The Petitioner has further submitted that the increase of 10 paisa per unit has been proposed by ED-Goa and (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3)(cid:71)(cid:72)(cid:70)(cid:76)(cid:71)(cid:72)(cid:3)(cid:82)(cid:81)(cid:3)(cid:86)(cid:88)(cid:70)(cid:75)(cid:3)(cid:75)(cid:76)(cid:78)(cid:72)(cid:3)(cid:68)(cid:73)(cid:87)(cid:72)(cid:85)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:76)(cid:81)(cid:74)(cid:3)(cid:68)(cid:79)(cid:79)(cid:3)(cid:82)(cid:69)(cid:77)(cid:72)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:18)(cid:86)(cid:88)(cid:74)(cid:74)(cid:72)(cid:86)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:83)(cid:85)(cid:88)(cid:71)(cid:72)(cid:81)(cid:87)(cid:3) check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.30. Minimum charges applicable to the closed commercial premises

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

Dr. Narayan Y Naik, submitted that he had closed his clinic (commercial premise) at the FF/4, Rangavi Building, Margao (cid:177) Goa. 403601 for 20 years and since then there has been no activity over there and all these years he has been paying the minimum charges applicable to the closed commercial premises. Further, submitted that it has been observed that there is consistent hike in the power tariff in the recent times, particularly in the last one year the tariff calculated as per the sanction load which is Rs 40/- per KW per month, is already quite high. With the current proposed hike in the power tariff, he mentioned that he is not sure how much the tariff will be increased further with effect from 1st April 2023. Further submitted that, as an owner of a closed premise with absolutely no commercial activity, its already quite a burden to pay the minimum applicable charges, especially when there is no income from such premise.

Dr. Narayan Y Naik mentioned that (cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:72)(cid:86)(cid:72)(cid:81)(cid:87)(cid:3)(cid:87)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:76)(cid:86)(cid:3)(cid:89)(cid:72)(cid:85)(cid:92)(cid:3)(cid:75)(cid:76)(cid:74)(cid:75)(cid:3)(cid:11)(cid:86)(cid:83)(cid:72)(cid:70)(cid:76)(cid:73)(cid:76)(cid:70)(cid:68)(cid:79)(cid:79)(cid:92)(cid:3)(cid:80)(cid:72)(cid:81)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:68)(cid:87)(cid:3)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:88)(cid:79)(cid:71)(cid:81)(cid:182)(cid:87)(cid:3)(cid:85)(cid:68)(cid:76)(cid:86)(cid:72)(cid:3) (cid:68)(cid:81)(cid:3) (cid:82)(cid:69)(cid:77)(cid:72)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:76)(cid:86)(cid:3) (cid:90)(cid:75)(cid:72)(cid:81)(cid:3) (cid:76)(cid:87)(cid:3) (cid:90)(cid:68)(cid:86)(cid:3) (cid:75)(cid:76)(cid:78)(cid:72)(cid:71)(cid:3) (cid:72)(cid:68)(cid:85)(cid:79)(cid:76)(cid:72)(cid:85)(cid:12)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:85)(cid:72)(cid:84)(cid:88)(cid:72)(cid:86)(cid:87)(cid:86)(cid:3) (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:45)(cid:40)(cid:53)(cid:38)(cid:3) (cid:87)(cid:82)(cid:3) (cid:87)(cid:68)(cid:78)(cid:72)(cid:3) (cid:69)(cid:68)(cid:70)(cid:78)(cid:3) (cid:86)(cid:88)(cid:70)(cid:75)(cid:3) (cid:88)(cid:81)(cid:68)(cid:73)(cid:73)(cid:82)(cid:85)(cid:71)(cid:68)(cid:69)(cid:79)(cid:72)(cid:3) tariffs, and consider keeping the least possible tariff on the closed premises so that this hike in tariff will not burden the consumers like him unnecessarily.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the consumers are liable to pay the fixed charges as and energy charges for the consumption of Power. Irrespective of the consumption the Consumer is liable to pay the fixed charges for the connection. So, for a closed premise with no consumption, the consumer has to pay the minimum charges which is fixed charges for Commercial Consumers. The fixed charge is collected to reimburse the Capital invested in improving the infrastructure setup and other overheads of EDG. Further, the Petitioner submitted that, from FY 18-19 till FY 21-22 (4 years) the tariff was maintained same even though JERC had given tariff hike for FY 20-21 and FY 21-22. This was done by way of Cabinet Decision due to Covid -19 Pandemic.

JERC approved a Tariff hike of 1.58% for FY 22-23 over FyY21-(cid:21)(cid:21)(cid:17)(cid:3)(cid:55)(cid:75)(cid:72)(cid:3)(cid:87)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3)(cid:75)(cid:76)(cid:78)(cid:72)(cid:3)(cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)(cid:53)(cid:38)(cid:3)(cid:76)(cid:86)(cid:3) very nominal for FY 22-23. With respect to the increase of tariff proposed by ED-(cid:42)(cid:82)(cid:68)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) will suitably decide on such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

The Commission has noted the concern of the stakeholders. The Commission would like to highlight that the fixed charges supposed to reflect the fixed cost incurred by the department, however, at the approved tariff fixed cost coverage is only ~23%. Further, even though premises are closed, the Petitioner has to keep the power tied up against the contracted demand of such premises to ensure power availability keeping in mind the scenario of these consumers start consuming power on real time basis.

2.2.31. Tariff for Industrial category

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

We are two Roller Flour Mills in Goa. Being into Roller Flour Milling add any value to our products (just processing/ milling). Our Raw Material Wheat is procured from UP/Punjab/Haryana which already adds lot to our transportation cost. Also, Goa being a small consuming state it's highly difficult to compete with bordering states which has high volume consumption and Goa acts like a dumping market for them. We do not receive any concession or support even from FCI in terms of procurement or pricing in wheat, we face huge difficulties in competing with neighbouring states.

We are HT consumers, our current energy charges for non-peak hours unit (proposed revised charges Rs. 4.90 per unit) and for peak hours is at Rs. 5.76 per unit (proposed revised charges not known).

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the concern is noted. However, in comparison with Maharashtra and Karnataka, the Industrial Tariff are less in the State of Goa. The Petitioner has further submitted that the increase in tariff by overall 6% has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3)(cid:71)(cid:72)(cid:70)(cid:76)(cid:71)(cid:72)(cid:3)(cid:82)(cid:81)(cid:3) such hike after considering all objection/suggestions and prudent check of entire petition submitted by ED- Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

2.2.32. Tariff Hike across categories

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

Power tariff charges have been increased by Rs. 0.3 per unit on average across all categories.Public Lighting duty of Rs. 0.08 per unit has been imposed on industry. As we understand, same is done for ensuring provision of street lighting to industrial estates, however, at our Industrial estate in Kundaim, we still see that street lighting is not adequate even on the main roads of our estate.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that Public Lighting Duty is basically the State Government tax levied by ED Goa as per Public Lighting Duty Act 2021. The Government of Goa collects Public Lighting Duty from all the Consumers of ED-Goa, through the electricity bill of the Consumers. Funds collected are utilised for improvement and development of Public Lighting infrastructure. Since the execution of projects takes time, funds collected during the year cannot be completely utilised in the respective year. In specific case of Kundaim Industrial Estate necessary action will be taken by department in providing streetlight.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:86)(cid:3)(cid:80)(cid:68)(cid:92)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:76)(cid:86)(cid:3)(cid:85)(cid:72)(cid:74)(cid:68)(cid:85)(cid:71)(cid:17) Further, the Petitioner may take up the issue of providing streetlight in Kundaim Industrial Estate with the concerned department.

2.2.33. Hike in unit price of consumers (HT)

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The Electricity Department should postpone the hike in unit price of consumers (HT). After the Covid-19 Pandemic, 50% units are closed or are partially working, reducing the demand for Oxygen by these sectors such as shipbuilding, fabrication, etc. Government has established liquid tanks and smaller plants during the Pandemic and this has created a surplus for Oxygen gas in the state. Prices for diesel and lubricants, labours and cylinders have risen since March 2019, thereby increasing the production cost of Oxygen. Due to Covid -19 hardships faced by our customers, we have not increased the rates, as users cannot sustain increase in Industrial Gas rates. Further, Medical Oxygen rates cannot be increased above stipulated rates by PESO.

Proposed increase in rate shall be last nail in the coffin of this Industry. The government is procuring liquid Oxygen which is being wasted due to wrong design and capacity utilization whereby gas is vented out and the government is shelling more money on this venture, on operations and maintenance. There should not be any increase in rates for those units whose expenditure on electricity is more than 60% cost of production. Hope government will sympathetically consider our request and refrain from hiking the power rates.

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that from FY 18-19 till FY 21-22 (4 years) the tariff was maintained same even though JERC had given tariff hike for FY 20-21 and FY 21-22. This was done by way of Cabinet Decision due to Covid -19 Pandemic. The Petitioner has further submitted that a Tariff hike of 1.58% for FY-22-23 over FY-21- 22. The tariff approved is very nominal for FY 22-23. Further EDG submits that, the increase in tariff by overall 6% has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3)(cid:71)(cid:72)(cid:70)(cid:76)(cid:71)(cid:72)(cid:3)(cid:82)(cid:81)(cid:3)(cid:86)(cid:88)(cid:70)(cid:75)(cid:3)(cid:75)(cid:76)(cid:78)(cid:72)(cid:3)(cid:68)(cid:73)(cid:87)(cid:72)(cid:85)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:76)(cid:81)(cid:74)(cid:3) all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)View:

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order134 Order on ARR for FY 2022-23 to FY 2024-25 and Retail Tariff for the FY 2022-23 35 Electricity Department, Government of Goa SERIES I No. 5 4TH MAY, 2023 OFFICIAL GAZETTE — GOVT. OF GOA Stakeholder Comments Joint Electricity Regulatory Commission (JERC) (SUPPLEMENT)

2.2.34. Increase in tariff for Agriculture (Allied Activities),

(cid:54)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:72)(cid:81)(cid:87)(cid:29)

The increase in tariff for Agriculture (Allied Activities), HT and LT, should be on par with the increase in tariff for Agriculture (Pump Sets/Irrigation) as the tariff difference between Agriculture (Allied Activities) & Agriculture (Pump Sets/Irrigation) already exists. Since Industry and Agriculture (Pump Sets/Irrigation) tariff increase is 10 paisa per unit, Agriculture (Allied Activities) which generates more jobs should not be burdened with additional increase in tariff. Hence 25 paise and 20 paise per unit tariff increase of LT and HT Agriculture Allied respectively should be lowered to 10 paise per unit, at par with Industry and Agriculture (Pump Sets/Irrigation)

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:53)(cid:72)(cid:86)(cid:83)(cid:82)(cid:81)(cid:86)(cid:72)(cid:29)

The Petitioner has submitted that the increase of 25 paisa & 20 paisa per unit of LT and HT Agriculture Allied respectively has been proposed by ED-(cid:42)(cid:82)(cid:68)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:75)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:90)(cid:76)(cid:79)(cid:79)(cid:3) (cid:86)(cid:88)(cid:76)(cid:87)(cid:68)(cid:69)(cid:79)(cid:92)(cid:3) (cid:71)(cid:72)(cid:70)(cid:76)(cid:71)(cid:72)(cid:3) (cid:82)(cid:81)(cid:3) (cid:86)(cid:88)(cid:70)(cid:75)(cid:3) (cid:75)(cid:76)(cid:78)(cid:72)(cid:3) (cid:68)(cid:73)(cid:87)(cid:72)(cid:85)(cid:3) considering all objection/suggestions and prudent check of entire petition submitted by ED-Goa.

Commi(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:57)(cid:76)(cid:72)(cid:90)(cid:29)

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:81)(cid:82)(cid:87)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:70)(cid:72)(cid:85)(cid:81)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:87)(cid:68)(cid:78)(cid:72)(cid:75)(cid:82)(cid:79)(cid:71)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:76)(cid:86)(cid:3)(cid:71)(cid:76)(cid:86)(cid:70)(cid:88)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:83)(cid:85)(cid:76)(cid:81)(cid:70)(cid:76)(cid:83)(cid:79)(cid:72)(cid:86)(cid:3)(cid:68)(cid:71)(cid:82)(cid:83)(cid:87)(cid:72)(cid:71)(cid:3) for approving the Tariff in Chapter 6 of the Tariff Order.

3. Chapter 3: True-up of the FY 2020-21

and FY 2021-22

3.1. Applicable provisions

The True up for the FY 2020-21 and FY 2021-22 is to be carried out in accordance to Regulation 11 of the JERC MYT Regulations, 2018, stated as following:

(cid:179)11.1 The Generating Company, Transmission Licensee and Distribution Licensee shall be subject to annual

performance review and truing up of expenses and revenue during the Control Period in accordance with

these Regulations.

11.2 The Generating Company, Transmission Licensee and Distribution Licensee shall file an application for

the annual performance review of the current year, truing up of the previous Year or the Year for which the

audited accounts are available and determination of tariff for the ensuing Year on or before 30th November

of each Year, in formats specified by the Commission from time to time:

Provided that the Generating Company, Transmission Licensee or Distribution Licensee, as the case may be,

shall submit to the Commission information in such form as may be specified by the Commission, together

with the audited accounts, extracts of books of account and such other details as the Commission may require

to assess the reasons for and extent of any variation in financial performance from the approved forecast of

Aggregate Revenue Requirement and Expected Revenue from Tariff and Charges.

11.3 The scope of the annual performance review, truing up and tariff determination shall be a comparison of

the performance of the Generating Company, Transmission Licensee or Distribution Licensee with the

approved forecast of Aggregate Revenue Requirement and Expected Revenue from Tariff and Charges and

shall comprise of the following:

a) True-up: a comparison of the audited performance of the Applicant for the Financial Year for which the

true up is being carried out with the approved forecast for such previous Financial Year, subject to the

prudence check;

b) Annual Performance Review: a comparison of the revised performance targets of the Applicant for the

current Financial Year with the approved forecast in the Tariff Order corresponding to the Control Period for

the current Financial Year subject to prudence check;

c) Tariff determination for the ensuing Year of the Control Period based on the revised forecast of the

Aggregate Revenue Requirement for the Year;

d) Review of compliance with directives issued by the Commission from time to time;

e) Other relevant details, if any.

11.4 Upon completion of the exercise, the Commission shall attribute any variations or expected variations in

performance for variables specified under Regulation 12below, to factors within the control of the Applicant

(controllable factors) or to factors beyond the control of the Applicant (uncontrollable factors):

Provided that any variations or expected variations in performance, for variables other than those specified

under Regulation 12below shall be attributed entirely to controllable factors.

11.5 Upon completion of the exercise, the Commission shall pass an order recording:

a) Components of approved cost pertaining to the uncontrollable factors, which were not recovered during

the previous Year, to be passed through in tariff as per Regulation 13 of these Regulations:

Provided that, for a Generating Company, the above exercise shall be in accordance with prevalent CERC

Tariff Regulations.

b) Approved aggregate gain or loss to the Transmission Licensee or Distribution Licensee on account of

controllable factors, and the amount of such gains or such losses that may be shared in accordance with

Regulation 14of these Regulations:

Provided that, for a Generating Company, the above exercise shall be in accordance with prevalent CERC

Tariff Regulations.

c) Carrying cost shall be allowed for a Generating Company, Transmission Licensee or Distribution Licensee

on the amount of revenue gap for the period from the date on which such gap has become due, i.e., from the

end of the Year for which true-up has been done, till the end of the Year in which it is addressed, on the basis

of actual rate of loan taken by the Licensee to fund the deficit in revenue:

Provided that carrying cost on the amount of revenue gap shall be allowed subject to prudence check and

submission of documentary evidence for having incurred the carrying cost in the years prior to the year in

which the revenue gap is addressed:

Provided also that if no loan has been taken to fund revenue deficit, the Commission shall allow Carrying Cost

on simple interest basis at one (1) Year State Bank of India (SBI) MCLR /any replacement thereof as notified

by RBI for the time being in effect applicable for 1 Year period, as may be, applicable as on1st April of the

relevant Year plus 100 basis points;

Provided further that in case of revenue surplus, the Commission shall charge the Licensee a Carrying Cost

from the date on which such surplus has become due, i.e., from the end of the Year for which trueuphas been

done, till the end of the Year in which it is addressed on simple interest basis at one(1) Year State Bank of

India (SBI) MCLR / any replacement thereof as notified by RBI for the time being in effect applicable for 1

Year period, as may be, applicable as on 1st April of the relevant Year plus 100 basis points.

d) Revision of estimates and tariff for the ensuing Financial Year.(cid:180)

3.2. Approach for the True-up of the FY 2020-21 and FY 2021-22

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:29)

The Petitioner has not submitted the True-Up Petition for FY 2020-21 and FY 2021-22. Further the Financial Accounts for FY 2020-21 & FY 2021-22 are completed. The CAG audit team is auditing the accounts. Upon completion of the audit of the Accounts for FY 2020-21 & FY 2021-22 the True-up Petitions for FY 2020-21 & FY 2021-(cid:21)(cid:21)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:69)(cid:72)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:69)(cid:72)(cid:73)(cid:82)(cid:85)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:45)(cid:40)(cid:53)(cid:38)(cid:3)(cid:69)(cid:92)(cid:3)(cid:39)(cid:72)(cid:70)(cid:72)(cid:80)(cid:69)(cid:72)(cid:85)(cid:3)(cid:21)(cid:19)(cid:15)(cid:3)(cid:21)(cid:19)(cid:21)(cid:21)(cid:17)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)(cid:29)

The Commission in its previous Orders had stressed upon the requirement of the audited accounts to reflect the true picture and bring in accuracy in the estimates made by the Commission. The JERC MYT Regulations, 2018 also require the licensee to file the True up along with the audited accounts in the filing.

The Commission now has received the true-up petition for FY 2020-21 and FY 2021-22 separately along with the CAG certificate. Therefore, the Commission will take up the True-up for FY 2020-21and FY 2021-22 separately after concluding the public hearing on the petition. However, the Commission has considered the data submitted for FY 2020-21 and FY 2021-22 on provisional basis for completing the APR of FY 2022-23 and ARR of FY 2023-24 dealt in subsequent chapters.

4. Chapter 4: Annual Performance

Review of FY 2022-23

4.1. Applicable Provisions and Background

The MYT Order for each year of the Control Period from FY 2022-23 to FY 2024-25 was issued by the Commission on 31stMarch 2022 approving the Aggregate Revenue Requirement (ARR) and tariff for the FY 2022-23 (cid:11)(cid:75)(cid:72)(cid:85)(cid:72)(cid:76)(cid:81)(cid:3)(cid:85)(cid:72)(cid:73)(cid:72)(cid:85)(cid:85)(cid:72)(cid:71)(cid:3)(cid:68)(cid:86)(cid:3)(cid:179)(cid:48)(cid:60)(cid:55)(cid:3)(cid:50)(cid:85)(cid:71)(cid:72)(cid:85)(cid:180)(cid:12).The Annual Performance Review for the FY 2022-23 is to be carried out in accordance with the Regulation 12 of the JERC MYT Regulations 2021:

(cid:179)12. Annual Performance Review, Truing-up and tariff determination during the Control

Period

12.1 The Generating Company, Transmission Licensee and Distribution Licensee shall be subject to annual

performance review and truing up of expenses and revenue during the Control Period in accordance with

these Regulations.

12.2 The Generating Company, Transmission Licensee and Distribution Licensee shall file an application for

the annual performance review of the current year, truing up of the previous Year or the Year for which the

audited accounts are available and determination of tariff for the ensuing Year on or before 30thNovember of

each Year, in formats specified by the Commission from time to time:

Provided that the Generating Company, Transmission Licensee or Distribution Licensee, as the case may be,

shall submit to the Commission information in such form as may be specified by the Commission, together

with the audited accounts, extracts of books of account and such other details as the Commission may require

to assess the reasons for and extent of any variation in financial performance from the approved forecast of

Aggregate Revenue Requirement and Expected Revenue from Tariff and Charges.

12.3 The scope of the annual performance review, truing up and tariff determination shall be a comparison of

the performance of the Generating Company, Transmission Licensee or Distribution Licensee with the

approved forecast of Aggregate Revenue Requirement and Expected Revenue from Tariff and Charges and

shall comprise of the following:

(cid:171)

b) Annual Performance Review: a comparison of the revised estimates of performance targets of the

Applicant for the current Financial Year with the approved forecast in the Tariff Order corresponding to the

Control Period for the current Financial Year subject to prudence check;

(cid:171)(cid:171)(cid:171)(cid:17)(cid:180)

4.2. Approach for the Review for the FY 2022-23

The review of the Aggregate Revenue Requirement requires assessment of the quantum of energy sales, energy loss as well as the various cost elements like Power Purchase Cost, O&M Expenses, interest on long-term loans, interest on working capital loans, depreciation etc. The Annual Performance Review for the FY 2022-23 has been done based on the 9 (cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:86)(cid:182)(cid:3)(cid:68)(cid:70)(cid:87)(cid:88)(cid:68)(cid:79)(cid:3)(cid:71)(cid:68)(cid:87)(cid:68)(cid:3)(cid:68)(cid:86)(cid:3)(cid:83)(cid:85)(cid:82)(cid:89)(cid:76)(cid:71)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) FY 2022-23 of the Power Purchase Quantum and the Cost, Energy Sales, Capitalisation etc. Based on such data the estimates for the remaining months of the financial year have been made. The various cost elements constituting the Aggregate Revenue Requirement have been approved based on the actual information submitted by the Petitioner, the JERC MYT Regulations, 2021 and on the basis of the norms approved in the MYT Order dated 31st March 2022.

4.3. Energy Sales

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has submitted a revised estimate of energy sales as 4430.74 MUs for the FY 2022-23 against initial estimated sales of 4241.87 MUs approved by the Commission in MYT Order dated 31st March, 2022. The table below provides the details of category wise sales projected by the Petitioner for FY 2022-23:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

As per the data submitted by the Petitioner in the petition, the Commission noted that the Petitioner has projected the sales for H2 in line with the actual sales of H1. Further, the Commission sought the details of actual sales of initial 9 months in the deficiency note. Based on the analysis of the actual sales information for FY 2021-22 and the provisional information provided by the Petitioner for the initial 9 months of the FY 2022- 23, the Commission has projected the sales for FY 2022-23 by extrapolating the actual sales data for initial 9 months.

The following table provides the energy sales approved by the Commission in the MYT Order, the (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) submission and as now approved by the Commission:

The Commission approves revised energy sales of 4374.09 MUs in the APR of FY 2022-23.

4.4. Open Access Sales and Purchase

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has not projected or scheduled any energy sales/purchase under Open Access in the FY 2022-23.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

As the Petitioner has made no submission in this regard, therefore, the Commission approves NIL Open Access Sale and Purchase accordingly.

The Commission now approves NIL open access sales and purchase in the APR of FY 2022-23.

4.5. Inter-State Transmission Loss

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has considered the actual transmission losses of FY 2022-23 H1 for the FY 2022-23. Accordingly, Inter-state transmission losses for FY 2022-23 have been considered as under:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission observed that quantum of losses submitted by the Petitioner is 86.41 MUs for H1 of FY 2022- 23 and has projected the losses of H2 in (cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:83)(cid:85)(cid:82)(cid:83)(cid:82)(cid:85)(cid:87)(cid:76)(cid:82)(cid:81)(cid:17)(cid:3)(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:76)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:68)(cid:70)(cid:75)(cid:3) prudent and has decided to approve the inter-state transmission loss as sought by the Petitioner during the APR of FY 2022-23.

The table below provides the Inter-State Transmission Losses submitted and now approved by the Commission.

The Commission approves the Inter-State Transmission Loss as 2.89% for the western region

and 6.97% for the southern region in the APR of FY 2022-23.

4.6. Intra-State Transmission and Distribution (T&D) loss

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has proposed Intra-State T&D loss level at 8.45% against an approved loss of 10.25% in the MYT Order dated 31st March 2022. Further, the Petitioner submitted that for H1 of FY 2022-23 the actual distribution loss arrived at 8.11%.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission had approved loss level of 10.25% for FY 2022-23 in the Business Plan Order dated 31st March 2022. However, while approving the T&D loss trajectory for the 3rd Control Period, the Petitioner has only submitted the details of actual T&D losses achieved in the 2nd MYT Control Period for FY 2020-21. Therefore, the Commission could not finalize the T&D loss trajectory for the 3 rd control period and approved the trajectory on the provisional basis.

Now, the Petitioner has filed the true-up for FY 2017-18 to FY 2021-22 and have provided the actual T&D losses for the past years. The T&D losses approved by the Commission in the previous Control Period vis-à-vis T&D losses achieved by the Petitioner during the same period is given in the following table:

Table 11: T&D losses approved by the Commission in the 2nd MYT Control Period vis-à-vis T&D

losses achieved by the Petitioner

From the above, it can be observed that there is downward trend in the T&D loss trajectory and losses for FY 2020-21 seems to be outlier. Therefore, the Commission has considered the Petitioner(cid:182)(cid:86) submission and have approved the T&D loss of 8.45% for FY 2022-23. Further, the Commission would like to point out that approx. 54% of the total sales is at HT levels, where losses are very low. In view of the capital expenditure proposed by the Petitioner and nature of schemes planned to be carried out, the Commission opines that the Petitioner should be able to further reduce T&D losses by 0.25% annually in the 3rd MYT Control Period. The T&D loss trajectory approved by the Commission for the 3rd control period is provided in the following table:

The Commission approves revised Intra-State T&D loss of 8.45% in the APR of FY 2022-23.

4.7. Energy Balance

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has submitted the energy balance as shown in the table below:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission has determined the Energy Balance based on the revised estimates of energy sales. The following table provides the Energy Balance now approved by the Commission for FY 2022-23:

The Commission approves energy requirement at state periphery of 4656.51 MUs in the APR of

FY 2022-23.

4.8. Power Purchase Quantum & Cost

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81):

The Petitioner meets its total energy requirement from its allocation from the Central Generating Stations (CGS), state-based Co-generation facilities, Power Exchanges etc. EDG receives power from CGS like NTPC and NPCIL as per allocation from time to time. The power purchases from other sources such as Co-generation has been considered as per respective PPAs. Also, Renewable Power has been procured from NVVNL, SECI and Manikaran Power, APPCPL, Net Metering and Hindustan Waste Treatment Plant.

The quantum and cost of power purchase for FY 2022-23 have been estimated in the following manner:

The Petitioner has projected the quantum of power purchase by considering the actual power purchase for the 1st half of the year FY 2022-23 and for the purpose of the estimation of purchase quantum for H2 for FY 2022- 23, the Petitioner has considered the revised estimates of power purchase quantum based on half-yearly power purchase quantum in FY 2022-23. The below table shows the summary of Power Purchase (at Goa periphery) from various sources along with their costs for H1 of FY 2022-23 including Transmission Charges, Banking, Over-drawl and purchase from traders:

During the peak Hours in Summer season (March-May 2022) Goa was experiencing shortfall of Power to the tune of 125 MW. The shortfall of power during this deficit period was to the tune of 125 MW which was mainly met by Goa through purchase of power through IEX (through all their segment such as DAM, RTM, GDAM, TAM etc).

(cid:41)(cid:85)(cid:82)(cid:80)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:3) (cid:82)(cid:73)(cid:3) (cid:48)(cid:68)(cid:85)(cid:182)(cid:21)(cid:21)(cid:15)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:85)(cid:68)(cid:87)(cid:72)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:44)(cid:81)(cid:71)(cid:76)(cid:68)(cid:81)(cid:3) (cid:40)(cid:81)(cid:72)(cid:85)(cid:74)(cid:92)(cid:3) (cid:40)(cid:91)(cid:70)(cid:75)(cid:68)(cid:81)(cid:74)(cid:72)(cid:3) (cid:71)(cid:88)(cid:85)(cid:76)(cid:81)(cid:74)(cid:3) (cid:71)(cid:72)(cid:73)(cid:76)(cid:70)(cid:76)(cid:87)(cid:3) (cid:43)(cid:82)(cid:88)(cid:85)(cid:86)(cid:3) (cid:90)(cid:68)(cid:86)(cid:3) (cid:53)(cid:86)(cid:3) (cid:20)(cid:21)(cid:17)(cid:24)(cid:22)(cid:18)(cid:78)(cid:58)(cid:75)(cid:3) (Inclusive of losses & Trading Margins) since all India demand had increased due to prevalent summer season and there was a shortage of power in the country mainly due to the following reasons,

(i) High demand for domestic coal and shortage of International Coal which has increased the market clearing prices in Exchange for the Power.

(ii) Shortage of Gas due to Ukraine crisis as a result most of Gas units were under shut down or running below their capacity.

(iii) (cid:54)(cid:82)(cid:80)(cid:72)(cid:3)(cid:55)(cid:75)(cid:72)(cid:85)(cid:80)(cid:68)(cid:79)(cid:3)(cid:51)(cid:79)(cid:68)(cid:81)(cid:87)(cid:86)(cid:3)(cid:75)(cid:68)(cid:71)(cid:3)(cid:74)(cid:82)(cid:81)(cid:72)(cid:3)(cid:82)(cid:81)(cid:3)(cid:83)(cid:79)(cid:68)(cid:81)(cid:81)(cid:72)(cid:71)(cid:3)(cid:82)(cid:85)(cid:3)(cid:73)(cid:82)(cid:85)(cid:70)(cid:72)(cid:71)(cid:3)(cid:82)(cid:88)(cid:87)(cid:68)(cid:74)(cid:72)(cid:3)(cid:85)(cid:72)(cid:86)(cid:88)(cid:79)(cid:87)(cid:76)(cid:81)(cid:74)(cid:3)(cid:76)(cid:81)(cid:3)(cid:71)(cid:85)(cid:82)(cid:83)(cid:83)(cid:76)(cid:81)(cid:74)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:42)(cid:82)(cid:68)(cid:182)(cid:86)(cid:3)(cid:86)(cid:70)(cid:75)(cid:72)(cid:71)(cid:88)(cid:79)(cid:72)(cid:3) from ISGS by around 40 MW.

In view of high All India Demand and due to low generation, the grid frequency was in the range of 49.60 (cid:177) 49.90 Hz during the evening hours. As a result of which the Regional Load Despatch Center (RLDC) had issued directions to all the State Load Despatch Centers (SLDCs for mandatory load shedding to maintain their drawal to the schedule. Hence due to non-clearing of bids in IEX due to exorbitantly high rate of Power i.e. @ 12.53/kWh and directions from RLDCs for restricting the demand to the allocated schedule, Goa was forced to impose load restrictions on Industrial consumers to the tune of 100-125 MW depending upon the schedule.

In view of smooth functioning of the HT industries, HT consumers of Goa had insisted EDG to buy costly power from any source wherein the cost of additional sourcing cost power will be borne by them at the flat rate which will be very reasonable as compared to the power generated through the DG sets. In this regard the EDG has got (cid:87)(cid:75)(cid:72)(cid:3)(cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:68)(cid:79)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3) (cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:40)(cid:39)(cid:42)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:83)(cid:88)(cid:85)(cid:70)(cid:75)(cid:68)(cid:86)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:82)(cid:90)(cid:72)(cid:85)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:85)(cid:72)(cid:70)(cid:82)(cid:89)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3) the HT Consumers of Rs. 33.34 Crore.

EDG procured power from GMR where the power was arranged through banking arrangement for compliance of Hydro Purchase Obligation for FY 2022-23. Accordingly, EDG complied the HPO target with surplus of 0.83 MUs.

The source wise details of Power Purchase Quantum and its cost are covered in Format 3 of the Tariff Filing Formats.

EDG on a real time basis has also overdrawn/ under drawn power from grid. Reactive charges have been adjusted in the over-drawl and under-drawl charges. The details of the same for FY 2022-23 H1 are provided in the table given below:

Transmission Charges for FY 2022-23 of H1: The transmission charges for the H1 of FY 2022-23 comprises of transmission charges for Western Region and Southern Region. The Transmission charge comes to around Rs. 145.25 Cr. The same is considered for FY 2022-23 H2 resulting in Rs. 290.50 Cr.

Power Purchase Fixed Cost for FY 2022-23: As CERC has still not issued the Order for most of the Plant, ED-Goa has considered actual fixed charges paid to the plant in H1 of FY 2022-23 to arrive at the revised projections of base year FY 2022-23 for respective Central Generating Stations.

Power Purchase Variable Cost for FY 2022-23: The Petitioner has considered the average of actual per unit variable costs for FY 2021-22 and escalated the same with 7 % for the revised projections of FY 2022-23.

In line with the foregoing paragraphs, the total estimated Power Purchase Quantum & Cost for FY 2022-23 as (cid:90)(cid:72)(cid:79)(cid:79)(cid:3)(cid:68)(cid:86)(cid:3)(cid:87)(cid:75)(cid:68)(cid:87)(cid:3)(cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3) MYT Order dated 31st March 2022 is summarized in the table below:

It is submitted that net power purchase at state periphery after losses is 4,662.34 MU with total power purchase cost of Rs. 2230.19 Cr. and the average power purchase cost works out to Rs. 4.46/kWh against approved net power purchase cost of Rs. 3.89/kWh for FY 2022-23.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

The Commission while estimating the power purchase quantum and cost for FY 2022-23 has considered the actual quantum and cost of power till December 2022, as submitted by the Petitioner. The Commission has projected the quantum of energy and cost for the remaining 3 months of the FY 2022-23. The methodology followed for projecting the quantum and cost for the remaining months has been discussed as follows:

4.8.1. Power Purchase Quantum

Availability of energy from NTPC and NPCIL Stations:

The Commission analysed the energy availability from NTPC and NPCIL Power Stations for the last 2 years and (cid:73)(cid:82)(cid:88)(cid:81)(cid:71)(cid:3) (cid:76)(cid:87)(cid:3) (cid:76)(cid:81)(cid:3) (cid:79)(cid:76)(cid:81)(cid:72)(cid:3) (cid:90)(cid:76)(cid:87)(cid:75)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) projections for FY 2022-23. Therefore, the Commission has estimated energy (cid:68)(cid:89)(cid:68)(cid:76)(cid:79)(cid:68)(cid:69)(cid:76)(cid:79)(cid:76)(cid:87)(cid:92)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:79)(cid:68)(cid:86)(cid:87)(cid:3)(cid:22)(cid:3)(cid:80)(cid:82)(cid:81)(cid:87)(cid:75)(cid:86)(cid:3)(cid:76)(cid:81)(cid:3)(cid:79)(cid:76)(cid:81)(cid:72)(cid:3)(cid:90)(cid:76)(cid:87)(cid:75)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:17)

Availability of energy from Vedanta and Goa Sponge Stations

The Commission analysed the energy availability from within state generation for the last 2 years and found the energy availability projections on the lower side vis-à-vis the actual generation of last 2 years. Further, the actual availability from these plants for the initial 9 month is also on the lower side. Therefore, the Commission has estimated energy availability for the last 3 months by extrapolating the actual initial 9 months generation.

4.8.2. Power Purchase Cost

The Commission has computed the power purchase cost for the APR of FY 2022-23 based on the following assumptions:

Variable Charges:

(cid:120) The Variable Cost for existing plants has been considered as per actuals for the initial 9 months. For the last 3 months, the Commission has considered the variable charges as per the Petitioner submission as they were in line with the actual per unit cost of initial 9 months.

Fixed Charges:

(cid:120) The fixed costs have been considered based on the tariff Orders issued by the CERC for respective Central Generating Stations.

(cid:120) (cid:55)(cid:75)(cid:72)(cid:3) (cid:41)(cid:76)(cid:91)(cid:72)(cid:71)(cid:3) (cid:70)(cid:82)(cid:86)(cid:87)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:69)(cid:72)(cid:72)(cid:81)(cid:3) (cid:68)(cid:83)(cid:83)(cid:82)(cid:85)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:71)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:69)(cid:68)(cid:86)(cid:76)(cid:86)(cid:3) (cid:82)(cid:73)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:75)(cid:68)(cid:85)(cid:72)(cid:3) (cid:76)(cid:81)(cid:3) (cid:72)(cid:68)(cid:70)(cid:75)(cid:3) (cid:83)(cid:82)(cid:90)(cid:72)(cid:85)(cid:3) (cid:86)(cid:87)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) Normative Annual Plant Availability approved by CERC/JERC.

UI over-drawl/under-drawl:

The UI over-drawl/under-drawl quantum and amount (cid:75)(cid:68)(cid:86)(cid:3)(cid:69)(cid:72)(cid:72)(cid:81)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3)(cid:68)(cid:86)(cid:3)(cid:83)(cid:72)(cid:85)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3) the same would be trued-up at the time of True-up based on the UI bills.

Other Charges:

The Petitioner has submitted actual Other Charges and supplementary charges as applicable for initial 9 months of FY 2022-23. The same has been considered subjected to the True-up for FY 2022-23.

4.8.3. Transmission Charges

The Commission has estimated the transmission charges payable to PGCIL for FY 2022-23 based on the actual transmission charges paid in initial 9 months of FY 2022-23 and apportioning it based on projected power purchase at ex-bus periphery from CGS.

4.8.4. Total Power Purchase Cost

The following table provides the Power Purchase Quantum and Cost approved by the Commission after MOD for FY 2022-23:

The Commission approves the revised quantum of power purchase as 4,777.81 MUs at state

periphery with total cost of INR 2260.14 Cr in the APR of FY 2022-23. This includes other

charges and supplementary charges which include expenses such as past arrears, water

charges, taxes etc.

4.9. Renewable Purchase Obligation

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)Submission:

The Petitioner has submitted it envisages to meet its RPO obligation through purchase of physical renewable power. Further, after considering all the proposed tied-up renewable energy, ED-Goa proposes to meet any shortfall to fulfil the RPO obligation through purchase of REC certificate. Accordingly, the Petitioner has submitted its RPO plan for the APR of FY 2022-23 as follows:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

The Commission has approved the Renewable Purchase Obligation (RPO) for FY 2022-23 considering the JERC (Procurement of Renewable Energy) Regulations, 2010, as amended from time to time. Further, the cumulative backlog of solar and non-solar compliance up to FY 2021-22 has been considered as per the true-up order of FY 2019-20 and the provisional information for FY 2020-21 and FY 2021-22 as submitted by the Petitioner. Accordingly, the RPO approved by the Commission in the APR of FY 2022-23 is as follows:

The Commission notes that there is a net shortfall in RPO compliance for FY 2022-23 (80.98

MU) and cumulative shortfall of 267.06 MU till FY 2022-23. The Commission also directs the

Petitioner to complete the RPO obligation on priority.

4.10. Operation & Maintenance Expenses

The Operation & Maintenance Expenses comprise of the Employee Expenses, Administrative and General Expenses (A&G) and the Repair & Maintenance Expenses (R&M). Regulation 61 of the JERC MYT Regulation, 2021 states the following:

(cid:179)61.1 The Operation and Maintenance Expenses for the Retail Supply Business shall be computed in

accordance with this Regulation.

61.2 O&M Expenses shall comprise of the following:

a) Employee expenses - salaries, wages, pension contribution and other employee costs;

b) Administrative and General expenses including insurance charges if any; and

c) Repairs and Maintenance expenses.

61.3 The Licensee shall submit the required O&M expenses for the Control Period as a part of Multi Year Tariff

Petition. O&M expenses for the base Year shall be approved by the Commission taking into account the latest

available audited accounts, business plan filed by the Distribution Licensee, estimates of the actual for the

Base Year, prudence check and any other factors considered appropriate by the Commission.

61.4 O&M expenses for the nth Year of the Control Period shall be approved based on the formula given

below:

O&Mn = (R&Mn + EMPn + A&Gn) x (1 - Xn) + Terminal Liabilities

Where,

R&Mn = K x GFAn-1 x (1+WPIinflation)

EMPn = (EMPn-1) x (1+Gn) x (1+CPIinflation)

A&Gn = (A&Gn-1) x (1+CPIinflation)

(cid:181)(cid:46)(cid:182)(cid:3)(cid:76)(cid:86)(cid:3)(cid:68)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:87)(cid:68)(cid:81)(cid:87)(cid:3)(cid:11)(cid:72)(cid:91)(cid:83)(cid:85)(cid:72)(cid:86)(cid:86)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:8)(cid:12)(cid:17)(cid:3)(cid:57)(cid:68)(cid:79)(cid:88)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:46)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:72)(cid:68)(cid:70)(cid:75)(cid:3)(cid:60)(cid:72)(cid:68)(cid:85)(cid:3)(cid:82)(cid:73)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:81)(cid:87)(cid:85)(cid:82)(cid:79)(cid:3)(cid:51)(cid:72)(cid:85)(cid:76)(cid:82)(cid:71)(cid:3)(cid:86)(cid:75)(cid:68)(cid:79)(cid:79)(cid:3)(cid:69)(cid:72) determined by the

Commission (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:48)(cid:88)(cid:79)(cid:87)(cid:76)(cid:3) (cid:60)(cid:72)(cid:68)(cid:85)(cid:3) (cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3) (cid:50)(cid:85)(cid:71)(cid:72)(cid:85)(cid:3) (cid:69)(cid:68)(cid:86)(cid:72)(cid:71)(cid:3) (cid:82)(cid:81)(cid:3) (cid:47)(cid:76)(cid:70)(cid:72)(cid:81)(cid:86)(cid:72)(cid:72)(cid:182)(cid:86)(cid:3) (cid:73)(cid:76)(cid:79)(cid:76)(cid:81)(cid:74)(cid:15) benchmarking of repair and

maintenance expenses, approved repair and maintenance expensesvis-à-vis GFA approved by the

Commission in past and any other factor considered appropriate by the Commission;

CPI inflation (cid:177) is the average increase in Consumer Price Index (CPI) for immediately preceding three (3)

Years before the base Year;

WPI inflation (cid:177) is the average increase in the Wholesale Price Index (CPI) for immediately preceding three (3)

Years before the base Year;

EMPn (cid:177) Employee expenses of the Distribution Licensee for the nth Year;

A&Gn (cid:177) Administrative and General expenses of the Distribution Licensee for the nth Year;

R&Mn (cid:177) Repair and Maintenance expenses of the Distribution Licensee for the nth Year;

GFAn-1 (cid:177) Gross Fixed Asset of the Distribution Licensee for the n-1th Year;

Xn is an efficiency factor for nth Year. Value of Xn shall be determined by the Commission in the Multi Year

(cid:55)(cid:68)(cid:85)(cid:76)(cid:73)(cid:73)(cid:3) (cid:50)(cid:85)(cid:71)(cid:72)(cid:85)(cid:3) (cid:69)(cid:68)(cid:86)(cid:72)(cid:71)(cid:3) (cid:82)(cid:81)(cid:3) (cid:47)(cid:76)(cid:70)(cid:72)(cid:81)(cid:86)(cid:72)(cid:72)(cid:182)(cid:86)(cid:3) (cid:73)(cid:76)(cid:79)(cid:76)(cid:81)(cid:74)(cid:15)(cid:3) (cid:69)(cid:72)(cid:81)(cid:70)(cid:75)(cid:80)(cid:68)(cid:85)(cid:78)(cid:76)(cid:81)(cid:74)(cid:15)(cid:3) approved cost by the Commission in past and any

other factor the Commission feels appropriate;

Gn is a growth factor for the nth Year. Value of Gn shall be determined by the Commission for each Year in

the Multi Year Tariff Order for meeting the additional manpower requirement based (cid:82)(cid:81)(cid:3) (cid:47)(cid:76)(cid:70)(cid:72)(cid:81)(cid:86)(cid:72)(cid:72)(cid:182)(cid:86)(cid:3) (cid:73)(cid:76)(cid:79)(cid:76)(cid:81)(cid:74)(cid:86)(cid:15)(cid:3)

benchmarking, approved cost by the Commission in past and any other factor that the Commission feels

appropriate:

Provided that in case the Licensee has been in operation for less than three (3) Years as on the date of

effectiveness of these Regulations, the O&M Expenses shall be determined on a case to case basis.

61.5 Terminal liabilities of employees of Licensee including pension expenses etc. shall be approved as per

actuals submitted by the Licensee, subject to prudence check or be established through actuarial studies.

Additionally, any variation due to changes recommended by the pay commission shall be allowed separately

by the Commission, subject to prudence check.

61.6 For the purpose of estimation, the same value of factors (cid:177) CPI inflation and WPI inflation shall be used

for all Years of the Control Period. However, the Commission shall consider the actual values of the factors (cid:177)

CPI inflation and WPI inflation during the truing up exercise for the Year for which true up is being carried

out and true up the O&M Expenses for that Year, only to the extent of inflation.

Provided that at the time of truing up, the variation in the normative and actual O&M expenses shall be dealt

in accordance with Regulation 15.(cid:180)

4.10.1. Employee Expenses

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has projected the employee expenses for FY 2022-23 as INR 408.71 crore as against the approved employee expenses of INR 344.56 Crore in the MYT Order.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

In accordance with the JERC MYT Regulations, 2021, the Commission has determined the Employee expenses for each year of the MYT Control Period. The Regulation 6 of the JERC MYT Regulations, 2021 stipulates the following:

(cid:179)(cid:25)(cid:17)(cid:3)(cid:57)(cid:68)(cid:79)(cid:88)(cid:72)(cid:86)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:37)(cid:68)(cid:86)(cid:72)(cid:3)(cid:60)(cid:72)(cid:68)(cid:85)

6.1 The values for the Base Year of the Control Period shall be determined on the basis of the audited accounts

or provisional accounts of last three (3) Years, and other factors considered relevant by the Commission:

Provided that, in absence of availability of audited accounts or provisional accounts of last three (3) Years,

the Commission may benchmark the parameters with other similar utilities to establish the values for Base

Year:

Provided further that the Commission may change the values for Base Year and consequently the trajectory of

(cid:83)(cid:68)(cid:85)(cid:68)(cid:80)(cid:72)(cid:87)(cid:72)(cid:85)(cid:86)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:38)(cid:82)(cid:81)(cid:87)(cid:85)(cid:82)(cid:79)(cid:3)(cid:51)(cid:72)(cid:85)(cid:76)(cid:82)(cid:71)(cid:15)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:76)(cid:81)(cid:74)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:68)(cid:70)(cid:87)(cid:88)(cid:68)(cid:79)(cid:3)(cid:73)(cid:76)(cid:74)(cid:88)(cid:85)(cid:72)(cid:86)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:68)(cid:88)(cid:71)(cid:76)(cid:87)(cid:72)(cid:71)(cid:3)(cid:68)(cid:70)(cid:70)(cid:82)(cid:88)(cid:81)(cid:87)(cid:86)(cid:17)(cid:180)

In the MYT Order dated 31st March 2022, the Commission observed that the Petitioner has failed to submit the audited accounts for FY 2017-18, FY 2018-19, FY 2019-20 and FY 2020-21 and therefore, decided to approve the employee expenses trajectory on provisional basis. The Commission now has finalized the true-up of FY 2017-18, FY 2018-19 and FY 2019-20 and has also received the audited accounts of FY 2020-21 and FY 2021- 22. Therefore, the Commission finds it prudent to revise the employee expenses trajectory for the 3rd control period. Therefore, the Commission has considered the actual audited figures of employee expenses from FY 2018-19, FY 2019-20 and FY 2020-21 as follows:

The average of these three years i.e. FY 2018-19 to FY 2020-21 has been considered as employee expenses for the FY 2019-20. This has been escalated with the average CPI Inflation of the last two years to arrive at the employee expenses for the Base Year i.e. FY 2021-22. The resultant employee expenses of the Base Year have been escalated by Growth Rate as per manpower submitted by the Petitioner and the average CPI Inflation of the last three years to arrive upon the employee expenses of FY 2022-23 and FY 2023-24. The Terminal Benefits for each year has been allowed separately based on the average of Terminal Benefits from FY 2018-19 to FY 2020-21 as per the audited accounts. The same shall be allowed as per actuals during the time of truing up of the respective years. The CPI inflation has been computed as follows:

Further, the Petitioner has provided the details of manpower details including the recruitment and retirement for FY 2022-23 and FY 2023-24. The Commission has considered the same while approving the normative employee expenses for FY 2022-23 and FY 2023-24. For the FY 2024-25, the Commission has considered the growth rate of Nil subject to true-up. The table below provides the manpower details for the control period:

Accordingly, the employee expenses approved by the Commission in the APR of FY 2022-23 have been provided in the following table:

The Commission approves the revised Employee Expenses of INR 416.58 Crore in the APR of FY

2022-23.

4.10.2. Administrative and General (A&G) Expenses

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has projected the A&G expenses of INR 33.74 crore vis-à-vis the approved A&G Expenses of INR 34.06 crore in the MYT Order.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

In the MYT Order dated 31st March 2022, the Commission observed that the Petitioner has failed to submit the audited accounts for FY 2017-18, FY 2018-19, FY 2019-20 and FY 2020-21 and therefore, decided to approve the A&G expenses trajectory on provisional basis. The Commission now has finalized the true-up of FY 2017-18, FY 2018-19 and FY 2019-20 and has also received the audited accounts of FY 2020-21 and FY 2021-22.

Therefore, the Commission finds it prudent to revise the A&G expenses trajectory for the 3rd control period. The Commission has considered the audited figures of A&G expenses from FY 2018-19 to FY 2020-21as follows:

The average A&G expenses estimate has been escalated by the average CPI Inflation of the last three years to arrive at the A&G expenses for the Base Year i.e. FY 2021-22. The resultant A&G expenses of the Base Year has been escalated by the average CPI Inflation of the last three years to arrive upon the A&G expenses of each year of the3rdControl Period. The A&G expenses approved by the Commission in the MYT Control Period have been provided in the following table:

Therefore, the Commission approves the revised Administrative & General (A&G) expenses of

INR 31.74 Crore in the APR of FY 2022-23.

4.10.3. Repair & Maintenance Expenses (R&M)

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has projected the R&M Expenses of INR 54.62 Crore in the APR of FY 2022-23 against the approved R&M Expenses of INR 55.33 crore in the MYT Order.

Commis(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

In the MYT Order dated 31st March 2022, the Commission observed that the Petitioner has failed to submit the audited accounts for FY 2017-18, FY 2018-19, FY 2019-20 and FY 2020-21 and therefore, decided to approve the A&G expenses trajectory on provisional basis. The Commission now has finalized the true-up of FY 2017-18, FY 2018-19 and FY 2019-20 and has also received the audited accounts of FY 2020-21 and FY 2021-22. Further, the Commission has noted that due to the impact of COVID-19 very minimal R&M activities were undertaken during the financial year FY 2020-21. Therefore, t(cid:75)(cid:72)(cid:3) (cid:181)(cid:46)(cid:182)(cid:3) (cid:73)(cid:68)(cid:70)(cid:87)(cid:82)(cid:85)(cid:3) (cid:75)(cid:68)(cid:86)(cid:3) (cid:69)(cid:72)(cid:72)(cid:81)(cid:3) (cid:71)(cid:72)(cid:87)(cid:72)(cid:85)(cid:80)(cid:76)(cid:81)(cid:72)(cid:71)(cid:3) (cid:68)(cid:86)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:85)(cid:68)(cid:87)(cid:76)(cid:82)(cid:3) (cid:82)(cid:73)(cid:3) (cid:53)(cid:9)(cid:48)(cid:3) (cid:87)(cid:82)(cid:3) opening GFA for the FY 2017-18, FY 2018-19 and FY 2019-20 and averaged for three yea(cid:85)(cid:86)(cid:17)(cid:3)(cid:55)(cid:75)(cid:72)(cid:3)(cid:181)(cid:46)(cid:182)(cid:3)(cid:73)(cid:68)(cid:70)(cid:87)(cid:82)(cid:85)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3) been computed as follows:

(cid:55)(cid:75)(cid:72)(cid:3) (cid:181)(cid:46)(cid:182)(cid:3) (cid:73)(cid:68)(cid:70)(cid:87)(cid:82)(cid:85)(cid:3) (cid:76)(cid:86)(cid:3) (cid:78)(cid:72)(cid:83)(cid:87)(cid:3) (cid:70)(cid:82)(cid:81)(cid:86)(cid:87)(cid:68)(cid:81)(cid:87)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:68)(cid:79)(cid:79)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:92)(cid:72)(cid:68)(cid:85)(cid:86)(cid:3) (cid:68)(cid:81)(cid:71)(cid:3) (cid:80)(cid:88)(cid:79)(cid:87)(cid:76)(cid:83)(cid:79)(cid:76)(cid:72)(cid:71)(cid:3) (cid:90)(cid:76)(cid:87)(cid:75)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:82)(cid:83)(cid:72)(cid:81)(cid:76)(cid:81)(cid:74)(cid:3) (cid:42)(cid:41)(cid:36)(cid:3) (cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:11)(cid:81)-1)th year. The resultant amount is then escalated by WPI Inflation to arrive upon the R&M Expenses for each year of the Control Period. The WPI Inflation has been computed as follows:

The R&M expenses approved by the Commission for each year of the 3rdMYT Control Period have been provided in the following table:

Table 29: R&M Expense approved by the Commission for the 3rd MYT Control Period (in INR

Cr.)

The Commission therefore approves the revised Repair & Maintenance (R&M) expenses of INR

39.15 Crore in the APR of FY 2022-23.

4.10.4. Summary of O&M Expenses

The Summary of O&M expenses projected by the Petitioner and approved by the Commission in the APR of FY 2022-23 have been provided in the following table:

The Commission approves the O&M Expenses of INR 487.47 crore in the APR of FY 2022-23.

4.11. Capital Expenditure & Capitalisation

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has submitted capitalization of INR401.62 Crore during the year against approved capitalisation of INR950.92 Crore in the MYT Order dated 31stMarch 2022. The table below provides the summary of capital expenditure and capitalisation undertaken by the department during FY 2022-23:

Table 31: Details of capital expenditure and capitalisation submitted by the Petitioner for FY

2022-23 (INR Crore)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)analysis:

The Commission with regard to the capitalisation proposed to be undertaken during the year, directed the Petitioner to submit the details of the schemes to be undertaken during the year along with the supporting documents along with the status of Capital work in progress for the 9 months. Considering the progress of the projects and the total capital expenditure done till December 2022, the Commission has approved the capital expenditure and capitalisation in accordance with the submission of the Petitioner. Therefore, the Commission approves the capital expenditure and capitalisation for the year as shown in the following table:

The Commission approves capitalisation of INR 401.62 Crore in the APR of FY 2022-23. The

same will be true-up as per actuals at the time of True-up.

4.12. Capital Structure

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81) The Petitioner submitted that most capital assets are created out of the equity contribution from Government of Goa and the remaining assets have been created through grants and Electricity Fund. Further, the Petitioner submitted that the opening and closing balance of GFA for FY 2022-23 onwards has been arrived at after considering the provisional capitalization for the period FY 2021-22 and estimated capitalization for FY 2022- 23. The computation of the same is provided in the table below:

Table 33: Opening & Closing GFA for FY 2022-23

The Petitioner has also submitted the Opening and Closing GFA for FY 2022-23 after excluding the assets created from Electricity Duty and Grants as shown in table below:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

Regulation 27 of the JERC MYT Regulations, 2021 specifies the following:

(cid:179)(cid:21)(cid:26)(cid:17)(cid:20)(cid:3)(cid:44)(cid:81)(cid:3)(cid:70)(cid:68)(cid:86)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:40)(cid:91)(cid:76)(cid:86)(cid:87)(cid:76)(cid:81)(cid:74)(cid:3)(cid:51)(cid:85)(cid:82)(cid:77)(cid:72)(cid:70)(cid:87)(cid:86)(cid:15)(cid:3)(cid:71)(cid:72)(cid:69)(cid:87)(cid:3)(cid:87)(cid:82)(cid:3)(cid:72)(cid:84)(cid:88)(cid:76)(cid:87)(cid:92)(cid:3)(cid:85)(cid:68)(cid:87)(cid:76)(cid:82)(cid:3)(cid:68)(cid:79)(cid:79)(cid:82)(cid:90)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3) determination of tariff

for the period ending March 31, 2022 shall be considered:

Provided that in case of retirement or replacement or De-capitalisation of the assets, the equity capital

approved as mentioned above, shall be reduced to the extent of 30% (or actual equity component based on

documentary evidence, if it is lower than 30%) of the original cost of such assets:

Provided further that in case of retirement or replacement or De-capitalisation of the assets, the debt capital

approved as mentioned above, shall be reduced to the extent of outstanding debt component based on

documentary evidence, or the normative loan component, as the case may be, of the original cost of such

assets.

27.2 For New Projects, the debt-equity ratio as on the Date of Commercial Operation shall be 70:30 of the

amount of capital cost approved by the Commission under Regulation 24, after prudence check for

determination of tariff:

Provided that where equity actually deployed is less than 30% of the capital cost of the capitalised asset, the

actual equity shall be considered for determination of tariff:

Provided also that if the equity actually deployed is more than 30% of the capital cost, equity in excess of 30%

shall be treated as a normative loan for the Licensee for determination of tariff:

Provided also that the Licensee shall submit documentary evidence for the actual deployment of equity and

explain the source of funds for the equity:

Provided also that the equity invested in foreign currency shall be designated in Indian rupees on the date of

each investment:

Provided further that the premium, if any, raised by the Licensee while issuing share capital and investment

of internal resources created out of its free reserves, for the funding of the scheme,

shall be reckoned as paid up capital for the purpose of computing return on equity, provided such premium

amount and internal resources are actually utilised for meeting the capital expenditure of the transmission

system or the distribution system, and are within the ceiling of 30% of capital cost approved by the

Commission.

27.3 Any expenditure incurred or projected to be incurred on or after April 1, 2022, as may be admitted by the

Commission, as additional capital expenditure for determination of tariff, and renovation and modernisation

(cid:72)(cid:91)(cid:83)(cid:72)(cid:81)(cid:71)(cid:76)(cid:87)(cid:88)(cid:85)(cid:72)(cid:3)(cid:73)(cid:82)(cid:85)(cid:3)(cid:79)(cid:76)(cid:73)(cid:72)(cid:3)(cid:72)(cid:91)(cid:87)(cid:72)(cid:81)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:86)(cid:75)(cid:68)(cid:79)(cid:79)(cid:3)(cid:69)(cid:72)(cid:3)(cid:86)(cid:72)(cid:85)(cid:89)(cid:76)(cid:70)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:80)(cid:68)(cid:81)(cid:81)(cid:72)(cid:85)(cid:3)(cid:86)(cid:83)(cid:72)(cid:70)(cid:76)(cid:73)(cid:76)(cid:72)(cid:71)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:86)(cid:72)(cid:3)(cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:180)

The Commission has considered the actual trued up closing values of GFA, loan and equity approved for FY 2019-20 and the provisional figures of capitalisation and funding breakup in capitalisation schedule submitted by the Petitioner for FY 2020-21 (provisional) and FY 2021-22 (estimated) to arrive at the opening values of GFA, loan and equity for FY 2022-23. The Capital Structure approved by the Commission for FY 2022-23 is shown in the following tables:

Table 36: GFA (including GFA addition through Electricity Duty Fund, Govt. Grants and

Consumer Contribution) considered by the Commission for FY 2022-23 (INR Cr.)

Table 37: GFA (excluding GFA addition through Electricity Duty Fund, Govt. Grants and

Consumer Contribution) considered by the Commission for FY 2022-23 (INR Cr.)

4.13. Depreciation

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

For computation of Depreciation, the Petitioner has followed JERC MYT Regulations 2021, the depreciation rates as specified by the Commission has been adopted for calculation of depreciation on different asset categories. The average GFA excluding grant and electricity duty works out as Rs. 1,178.42 Cr is derived. Hence depreciation towards GFA excluding grant & electricity duty works out as Rs. 58.92 Cr. in proportion with GFA excluding grant & electricity duty to total average GFA. The table below shows the working of Depreciation considered in ARR for FY 2022-23.

Table 38: Depreciation claimed by the Petitioner in the APR of FY 2022-23 (INR Crore)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

Regulation 31 of the JERC MYT Regulations, 2021 stipulates the following:

(cid:179)(cid:22)(cid:20)(cid:17)(cid:20)(cid:3) (cid:55)(cid:75)(cid:72)(cid:3) (cid:89)(cid:68)(cid:79)(cid:88)(cid:72)(cid:3) (cid:69)(cid:68)(cid:86)(cid:72)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:83)(cid:88)(cid:85)(cid:83)(cid:82)(cid:86)(cid:72)(cid:3) (cid:82)(cid:73)(cid:3) (cid:71)(cid:72)(cid:83)(cid:85)(cid:72)(cid:70)(cid:76)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:86)(cid:75)(cid:68)(cid:79)(cid:79)(cid:3) (cid:69)(cid:72)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:70)(cid:68)(cid:83)(cid:76)(cid:87)(cid:68)(cid:79)(cid:3) (cid:70)(cid:82)(cid:86)(cid:87)(cid:3) (cid:82)(cid:73)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:68)(cid:86)(cid:86)(cid:72)(cid:87)(cid:3) (cid:68)(cid:71)(cid:80)(cid:76)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3) (cid:69)(cid:92)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3)

Commission:

Provided that the depreciation shall be allowed after reducing the approved original cost of the retired or

replaced or decapitalized assets:

Provided also that the no depreciation shall be allowed on the assets financed through consumer contribution,

deposit work, capital subsidy or grant.

31.2 The salvage value of the asset shall be considered as 10% and depreciation shall be allowed up to a

maximum of 90% of the capital cost of the asset.

Provided further that the salvage value of Information Technology equipment and computer software shall be

considered at zero (0) per cent of the allowable capital cost.

31.3 Land other than the land held under lease shall not be a depreciable asset and its cost shall be excluded

from the capital cost while computing depreciable value of the assets.

31.4 In case of existing assets, the balance depreciable value as on April 1, 2022, shall be worked out by

deducting the cumulative depreciation as admitted by the Commission up to March 31, 2021, from the gross

depreciable value of the assets.

31.5 The depreciation shall be chargeable from the first Year of commercial operations. In case of projected

commercial operation of the assets during the Year, depreciation shall be computed based on the average of

opening and closing value of assets:

Provided that depreciation shall be re-calculated during truing-up for assets capitalised at the time of truing

up of each Year of the Control Period, based on documentary evidence of asset capitalised by the Applicant,

subject to the prudence check of the Commission.

31.6 For Transmission Licensee, the depreciation shall be calculated at rates and norms specified in the

prevalent CERC Tariff Regulations for transmission system.

31.7 The depreciation for a Distribution Licensee shall be calculated annually, based on the Straight Line

Method, over the Useful Life of the asset at rates specified in Appendix I of these Regulations.

31.8 In addition to allowable depreciation, the Distribution Licensee shall be entitled to advance against

depreciation (AAD), computed in the manner given hereunder:

AAD = Loan (raised for capital expenditure) repayment amount based on loan repayment tenure,

subject to a ceiling of 1/10th of loan amount minus depreciation as calculated on the basis of these

Regulations:

Provided that advance against depreciation shall be permitted only if the cumulative repayment upto a

particular Year exceeds the cumulative depreciation upto that Year:

Provided further that advance against depreciation in a Year shall be restricted to the extent of difference

between cumulative repayment and cumulative depreciation upto that Year.

31.9 The Distribution Licensee shall provide the list of assets added during each Year of Control Period and list

of assets completing 90% of depreciation in the Year along with Petition for annual performance review, true-

up and tariff determination for ensuing Year.

31.10 The remaining depreciable value for a Distribution Licensee shall be spread over the balance useful life

of the asset, on repayment of (cid:87)(cid:75)(cid:72)(cid:3)(cid:72)(cid:81)(cid:87)(cid:76)(cid:85)(cid:72)(cid:3)(cid:79)(cid:82)(cid:68)(cid:81)(cid:17)(cid:180)

The Commission has derived the weighted average rate of depreciation based on the asset wise depreciation rate prescribed in JERC MYT Regulations, 2021, provided in the following table:

However, as the true-up of FY 2020-21 and FY 2021-22 is yet to be finalised, therefore the Commission has considered the weighted average rate of depreciation as approved by the Commission in the MYT Order. The opening GFA of the FY 2022-23 is considered as discussed in section 4.12 of this Order. As discussed in the preceding section, GFA addition through Electricity Duty Fund, Govt. Grants and Consumer Contribution have been excluded for the computation of Depreciation. Further, depreciation has been computed on average Gross Fixed Assets (GFA) after considering the net addition approved during the year. The GFA of assets that have completed 90% depreciation but still included in the GFA have not been excluded for the computation of Depreciation due to unavailability of requisite data. Accordingly, the Commission shall consider the same during the True-up of the respective years.

The following table provides the calculation of depreciation for the FY 2022-23.

The Commission now approves depreciation of INR 49.30 Cr in the APR of the FY 2022-23

subjected to true-up based on Audited Accounts.

4.14. Interest and Finance Charges

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)Submission

The Petitioner submitted that most of the capital assets are created out of the equity contribution from Government of Goa and the actual borrowing of loan is only to the extent of the APDRP schemes. The Petitioner has computed loan balance and interest on loan as per normative principles and methodology adopted by the (cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:83)(cid:68)(cid:86)(cid:87)(cid:3)(cid:82)(cid:85)(cid:71)(cid:72)(cid:85)(cid:86)(cid:17)

The closing normative loan balance as approved in the true-up for FY 2016-17 has considered as opening balance for FY 2017-18, and normative loan addition is calculated at 70% of the GFA excluding grant and electricity duty fund contribution till 31st March 2022. The same balance is carried forward as opening normative loan for FY 2022-23. Further during FY 2022-23, addition of net GFA (excluding grant and electricity duty) is added. Normative loan repayments are considered same as depreciation amount excluding in proportion of grant and electricity duty for FY 2022-23. The rate of Interest for long term Interest rate has been considered at the rate of 8.00% including 100 basis points as per one-year SBI MCLR rate applicable as on 1st April of relevant financial year, i.e. 1stApril 2022. Further, the Petitioner has not considered the Letter of Credit charges for payment security charges as directed b(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:43)(cid:82)(cid:81)(cid:182)(cid:69)(cid:79)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:15)(cid:3)(cid:68)(cid:86)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:86)(cid:68)(cid:80)(cid:72)(cid:3)(cid:90)(cid:76)(cid:79)(cid:79)(cid:3)(cid:69)(cid:72)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3)(cid:68)(cid:87)(cid:3) the time of true up. Accordingly, the Petitioner has claimed the Interest & Finance Charges ofINR 26.76Crore for FY 2022-23 against INR 22.26 Crore approved in the MYT Order.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

Regulation 29 of the JERC MYT Regulation, 2021 states the following:

(cid:179)(cid:21)(cid:28)(cid:17)(cid:20)(cid:3) (cid:55)(cid:75)(cid:72)(cid:3) (cid:79)(cid:82)(cid:68)(cid:81)(cid:86)(cid:3) (cid:68)(cid:85)(cid:85)(cid:76)(cid:89)(cid:72)(cid:71)(cid:3) (cid:68)(cid:87)(cid:3) (cid:76)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:80)(cid:68)(cid:81)(cid:81)(cid:72)(cid:85)(cid:3) (cid:76)(cid:81)(cid:71)(cid:76)(cid:70)(cid:68)(cid:87)(cid:72)(cid:71)(cid:3) (cid:76)(cid:81)(cid:3) (cid:53)(cid:72)(cid:74)(cid:88)(cid:79)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3) (cid:21)(cid:26)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:68)(cid:86)(cid:86)(cid:72)(cid:87)(cid:86)(cid:3) (cid:83)(cid:88)(cid:87)(cid:3) (cid:87)(cid:82)(cid:3) (cid:88)(cid:86)(cid:72)(cid:15)(cid:3) (cid:86)(cid:75)(cid:68)(cid:79)(cid:79)(cid:3) (cid:69)(cid:72)(cid:3)

considered as gross normative loan for calculation of interest on the loan:

Provided that interest and finance charges on capital works in progress shall be excluded:

Provided further that in case of De-capitalisation or retirement or replacement of assets, the loan capital shall

be reduced to the extent of outstanding loan component of the original cost of the decapitalized or retired or

replaced assets, based on documentary evidence.

29.2 The normative loan outstanding as on April 1, 2022, shall be worked out by deducting the cumulative

repayment as admitted by the Commission up to March 31, 2021, from the gross normative loan.

29.3 Notwithstanding any moratorium period availed by the Transmission Licensee or the Distribution

Licensee, as the case may be, the repayment of loan shall be considered from the first Year of commercial

operation of the project and shall be equal to the annual depreciation allowed in accordance with Regulation

31.

29.4 The rate of interest shall be the weighted average rate of interest calculated on the basis of the actual

loan portfolio at the beginning of each Year applicable to the Transmission Licensee or the Distribution

Licensee:

Provided that at the time of truing up, the weighted average rate of interest calculated on the basis of the

actual loan portfolio during the Year applicable to the Transmission Licensee or the Distribution Licensee

shall be considered as the rate of interest after prudence check:

Provided also that if there is no actual loan for a particular Year but normative loan is still outstanding, the

last available weighted average rate of interest for the actual loan shall be considered:

Provided further that if the Transmission Licensee or the Distribution Licensee does not have actual loan, then

one (1) Year State Bank of India (SBI) MCLR / any replacement thereof as notified by RBI for the time being

in effect applicable for one (1) Year period, as may be applicable as on 1st April of the relevant Year plus 100

basis points shall be considered as the rate of interest for the purpose of allowing the interest on the

normative loan.

29.5 The interest on loan shall be calculated on the normative average loan of the Year by applying the

weighted average rate of interest:

Provided that at the time of truing up, the normative average loan of the Year shall be considered on the basis

of the actual asset capitalisation approved by the Commission for the Year.

29.6 For new loans proposed for each Financial Year of the Control Period, interest rate shall be considered as

lower of (i) one (1) Year State Bank of India (SBI) MCLR / any replacement thereof as notified by RBI for the

time being in effect applicable for one (1) Year period, as may be applicable as on 1st April of the relevant

Year plus 100 basis points, and (ii) weighted average rate of interest proposed by the Distribution Licensee.

29.7 The above interest computation shall exclude the interest on loan amount, normative or otherwise, to the

extent of capital cost funded by consumer contribution, deposit work, capital subsidy or grant, carried out by

Transmission Licensee or Distribution Licensee.

29.8 The finance charges incurred for obtaining loans from financial institutions for any Year shall be

allowed by the Commission at the time of Truing-up, subject to prudence check.

29.9 The excess interest during construction on account of time and/or cost overrun as compared to the

approved completion schedule and capital cost or on account of excess drawal of the debt funds

disproportionate to the actual requirement based on Scheme completion status, shall be allowed or disallowed

partly or fully on a case to case basis, after prudence check by the Commission:

Provided that where the excess interest during construction is on account of delay attributable to an agency

or contractor or supplier engaged by the Transmission or Distribution Licensee, any liquidated damages

recovered from such agency or contractor or supplier shall be taken into account for computation of capital

cost:

Provided further that the extent of liquidated damages to be considered shall depend on the amount of excess

interest during construction that has been allowed by the Commission.

29.10 The Transmission Licensee or the Distribution Licensee, as the case may be, shall make every effort to

re-finance the loan as long as it results in net savings on interest and in that event the costs associated with

such re-financing shall be borne by the beneficiaries and the net savings shall be shared between the equally

between the beneficiaries; i.e., the Transmission Licensee and the Distribution Licensee or the Distribution

License(cid:72)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:81)(cid:86)(cid:88)(cid:80)(cid:72)(cid:85)(cid:86)(cid:3)(cid:82)(cid:73)(cid:3)(cid:39)(cid:76)(cid:86)(cid:87)(cid:85)(cid:76)(cid:69)(cid:88)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:47)(cid:76)(cid:70)(cid:72)(cid:81)(cid:86)(cid:72)(cid:72)(cid:17)(cid:180)

As the Petitioner only has normative loan and no actual loan i.e., no fixed assets in operation which are funded through loans, the Commission has considered the SBI 1 Year MCLR rate as on 1st April 2022 (7.00%), plus 100 basis points as Rate of Interest, in accordance with the JERC MYT Regulations, 2021.

The Interest on Loan has been calculated on the average loan during the year with the opening loan for FY 2022-23 considered as discussed in section 4.12 of this Order. Further, the normative loan addition during each year of the control period has been considered as per the capital structure approved in section 4.12 of this Order.

Repayment of the loan has been considered equivalent to the depreciation for the respective years as determined by the Commission in line with the JERC MYT Regulations, 2021.

The following table provides the Interest on Loan approved by the Commissionin the MYT Order, now claimed by the Petitioner and approved by the Commission in the APR of FY 2022-23:

The Commission approves Interest and Finance Charges of INR 16.73 Crore in the APR of the FY

2022-23.

4.15. Return on Equity (RoE)

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

Return on Equity (RoE) is computed in accordance with the JERC MYT Regulations 2021, RoE is computed on 30% of the capital base. The opening balance of assets and accumulated depreciation are considered as per audited account of FY 2019-20 and further provisional actual numbers used to arrive at the opening balance for FY 2022-23. Further normative equity addition during the year is considered 30% of the net GFA addition excluding proportion of grant and electricity duty. Accordingly, RoE is computed at 16% post-tax.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

Regulation 28 of the JERC MYT Regulation, 2021 states the following:

(cid:179)(cid:21)(cid:27)(cid:17)(cid:20)(cid:3) (cid:53)(cid:72)(cid:87)(cid:88)(cid:85)(cid:81)(cid:3) (cid:82)(cid:81)(cid:3) (cid:72)(cid:84)(cid:88)(cid:76)(cid:87)(cid:92)(cid:3) (cid:86)(cid:75)(cid:68)(cid:79)(cid:79)(cid:3) (cid:69)(cid:72)(cid:3) (cid:70)(cid:82)(cid:80)(cid:83)(cid:88)(cid:87)(cid:72)(cid:71)(cid:3) (cid:82)(cid:81)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:83)(cid:68)(cid:76)(cid:71)(cid:3) (cid:88)(cid:83)(cid:3) (cid:72)(cid:84)(cid:88)(cid:76)(cid:87)(cid:92)(cid:3) (cid:70)(cid:68)(cid:83)(cid:76)(cid:87)(cid:68)(cid:79)(cid:3) (cid:71)(cid:72)(cid:87)(cid:72)(cid:85)(cid:80)(cid:76)(cid:81)(cid:72)(cid:71)(cid:3) (cid:76)(cid:81)(cid:3) (cid:68)(cid:70)(cid:70)(cid:82)(cid:85)(cid:71)(cid:68)(cid:81)(cid:70)(cid:72)(cid:3) (cid:90)(cid:76)(cid:87)(cid:75)(cid:3)

Regulation 27 for the assets put to use for the Transmission Licensee and shall be allowed in accordance with

the prevalent CERC Tariff Regulations for transmission system.

28.2 The return on equity for the Distribution Wires Business shall be allowed on the equity capital

determined in accordance with Regulation 27 for the assets put to use at post-tax rate of return on equity

specified in the prevalent CERC Tariff Regulations for transmission system.

28.3 The return on equity for the Retail Supply Business shall be allowed on the equity capital determined in

accordance with Regulation 27 for the assets put to use, at the rate of sixteen (16) per cent per annum.

(cid:21)(cid:27)(cid:17)(cid:23)(cid:3)(cid:55)(cid:75)(cid:72)(cid:3)(cid:85)(cid:72)(cid:87)(cid:88)(cid:85)(cid:81)(cid:3)(cid:82)(cid:81)(cid:3)(cid:72)(cid:84)(cid:88)(cid:76)(cid:87)(cid:92)(cid:3)(cid:86)(cid:75)(cid:68)(cid:79)(cid:79)(cid:3)(cid:69)(cid:72)(cid:3)(cid:70)(cid:82)(cid:80)(cid:83)(cid:88)(cid:87)(cid:72)(cid:71)(cid:3)(cid:82)(cid:81)(cid:3)(cid:68)(cid:89)(cid:72)(cid:85)(cid:68)(cid:74)(cid:72)(cid:3)(cid:82)(cid:73)(cid:3)(cid:72)(cid:84)(cid:88)(cid:76)(cid:87)(cid:92)(cid:3)(cid:70)(cid:68)(cid:83)(cid:76)(cid:87)(cid:68)(cid:79)(cid:3)(cid:68)(cid:87)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:69)(cid:72)(cid:74)(cid:76)(cid:81)(cid:81)(cid:76)(cid:81)(cid:74)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:72)(cid:81)(cid:71)(cid:3)(cid:82)(cid:73)(cid:3)(cid:60)(cid:72)(cid:68)(cid:85)(cid:17)(cid:180)

The Commission has segregated the approved average equity (average of opening and closing equity) into average equity for Distribution Wires Business and Retail Supply Business based on the Allocation Statement provided in the JERC MYT Regulations, 2021 i.e., 90% allocation for the Distribution Wires Business and 10% allocation for the Retail Supply Business.

The Commission has considered a post-tax rate of 15.50% for the Distribution Wires Business and a post-tax rate of 16% for the Retail Supply Business. The equity component has been determined in accordance with the capital structure as discussed in section 4.12 of this Order. The rate of return on equity for the Distribution Wires Business shall be trued up based on the prevalent Regulations during the True-up of the respective years.

The following table provides the total return on equity approved for FY 2022-23.

The Commission approves the Return on Equity of INR 59.13 Crore in the APR of the FY 2022-

23.

4.16. Interest on Security Deposits

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner submitted that the provision of interest on security deposits is to be made at the bank rate. The interest rate considered is 4.25% which is RBI Bank rate as on 1stApril 2022.In view of the above, Interest on Security Deposit is calculated at Rs. 3.96 Cr. (FY 2022-23 H1) and Rs. 4.23 Crore (FY 2022-23) on cash security deposit amounts excluding Bank Guarantee & Fixed Deposit Receipts based on the JERC MYT Regulations.

The table below shows details of Interest on Security Deposit projected for FY 2022-23:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

Regulation 29 of the JERC MYT Regulation, 2021 states the following:

(cid:179)29.11 Interest shall be allowed on the amount held as security deposit held in cash from Retail Consumers at

the Bank Rate as on 1st April of the Financial Year in which the Petition is filed:

Provided that at the time of truing-up, the interest on the amount of security deposit for the Year shall be

considered on the basis of the actual interest paid by the Licensee during the Year, subject to prudence check

(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:17)(cid:180)

The Interest on security deposits has been calculated in accordance with the JERC MYT Regulations 2021, based on the average of the opening and closing consumer security deposits during the year. The rate of interest has been considered equivalent to the prevailing RBI Bank rate. Net additions during the year have been considered based on the Petitioner(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81).

The following table provides the calculation of interest on consumer security deposits approved by Commission (cid:76)(cid:81)(cid:3)(cid:48)(cid:60)(cid:55)(cid:3)(cid:50)(cid:85)(cid:71)(cid:72)(cid:85)(cid:15)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:81)(cid:82)(cid:90)(cid:3)(cid:68)(cid:83)(cid:83)(cid:85)(cid:82)(cid:89)(cid:72)(cid:71)(cid:3)(cid:69)(cid:92)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:36)(cid:51)(cid:53)(cid:29)

Table 43: Interest on Consumer security considered by the Commission for FY 2022-23 (INR

Cr.)

The Commission approves Interest on Security Deposit as INR 4.23 Cr in the APR of the FY

2022-23.

4.17. Interest on Working Capital

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

Interest on Working Capital has been calculated based on the normative principles outlined in the JERC MYT Regulations, 2021.The Petitioner has computed the Interest on Working Capital of INR14.92 Crore at rate of 9% (SBI 1 year MCLR applicable as on 1st April 2022 i.e. 7.00% + 200 basis points).

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

Regulation 64 of the JERC MYT Regulation, 2021 states the following:

(cid:179)64.1The Distribution Licensee shall be allowed interest on the estimated level of working capital forthe Retail

Supply Business for the Financial Year, computed as follows:

a) O&M Expenses for one (1) month; plus

b) Maintenance spares at 40% of repair and maintenance expenses for one (1) month; plus

c) Receivables equivalent to two (2) months of the expected revenue from Consumers at theprevailing tariff;

Less

d) Power Purchase cost for one (1) month; plus

e) Amount, if any, held as security deposits under clause (b) of sub-section (1) of Section 47 ofthe Act from

Consumers except the security deposits held in the form of Bank Guarantees:

Provided that at the time of truing up for any Year, the working capital requirement shall be recalculated on

the basis of the values of components of working capital approved by the Commission in the truing up.(cid:180)

The Commission has computed the Interest on Working Capital for each year of the Control Period in accordance with the JERC MYT Regulations, 2021. The interest rate has been considered as 9.00% (1 year MCLR as on 1st April 2022 i.e., 7.00% + 200 basis points). The following table provides the Interest on working Capital approved (cid:69)(cid:92)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:76)(cid:81)(cid:3)(cid:48)(cid:60)(cid:55)(cid:3)(cid:50)(cid:85)(cid:71)(cid:72)(cid:85)(cid:15)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:81)(cid:82)(cid:90)(cid:3)approved by the Commission in the APR.

The Commission approves the Interest on Working Capital as INR 15.63Crore in the APR of the

FY 2022-23.

4.18. Provision for Bad & Doubtful Debts

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has not earmarked any provision for bad and doubtful debts for the year.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission also has not considered any provision towards Bad & Doubtful Debts. The same shall be accounted for as per actuals in the True-up of FY 2022-23.

4.19. Income Tax

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has not estimated any Income Tax for the year.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission also has not considered any estimate towards Income Tax. The same shall be accounted for as per actuals in the True-up of FY 2022-23.

4.20. Non-Tariff Income

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner submitted that the Non-Tariff Income comprises of proceeds from sale of dead stock, wastepaper, receipt from State Electrical Inspectorate and other miscellaneous receiptsamong others. The Non- Tariff Income for FY 2022-23 was estimated as INR 29.36 Crore.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86):

The Commission has considered the Non-Tariff Income of INR 29.36 Crore in the APR of theFY 2022-23, as per the Petitioner submission. The NTI now approved is shown in the table below:

The Commission approves Non-Tariff Income of INR 29.36 Cr in the APR of the FY 2022-23. The

same shall be considered at actuals at the time of True-up.

4.21. Aggregate Revenue Requirement (ARR)

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

Based on the expenses as detailed above, the Petitioner has submitted the net aggregate revenue requirement of INR 2864.13 Cr after adjusting the Non -Tariff Income for FY 2022-23.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

On the basis of the detailed analysis of the cost parameters of the ARR, the Commission has considered and approved the revenue requirement in the APR of the FY 2022-23 as provided in the table below:

Table 46: Aggregate Revenue Requirement approved by the Commission for FY 2022-23 (In INR

Cr)

The Commission now approves the net ARR of INR 2,863.28 Cr in the APR of FY 2022-23.

4.22. Revenue at existing Retail Tariff

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Revenue from sale of power at existing Tariff based on the projected sales, consumer and connected load for FY 2022-23 is tabulated below:

Table 47: Revenue at existing tariff submitted by the Petitioner for FY 2022-23 (INR Cr.)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The category wise/sub-category wise and slab-wise revenue at existing retail tariff is calculated as per the applicable tariff rates. The revenue from demand charges and the energy charges have been projected for each category/sub-category and slab. The Commission has considered suitable assumptions wherever necessary. The revenue at existing tariff as computed by the Commission for the FY 2022-23 has been shown in the following table:

The Commission has determined revenue from sale of power at existing tariff as INR2009.38Crore in the APR of FY 2022-23.

4.23. Standalone Revenue Gap/ Surplus for FY 2022-23

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

Based on the ARR and the revenue from retail tariff projected by the Petitioner, the Petitioner has submitted a standalone revenue gap of INR 298.33 Cr for the FY 2022-23.

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)analysis

Based on the approved ARR and existing retail tariff, the following Revenue Gap/Surplus is arrived at for the FY 2022-23:

Table 49: Standalone Revenue Gap/ (Surplus) at existing tariff approved by Commission for FY

2022-23 (In INR Cr)

The Commission has approved the standalone gap at existing retail tariff of INR 345.38 Crore in

the APR of FY 2022-23, which will be met through the budgetary support from the Government

of Goa as confirmed by the Petitioner vide Letter Reference No. vide its letter No. 1/14/2021-FIN

(BUD)/300 dated 29th December 2021.

5. Chapter 5: Determination of

Aggregate Revenue Requirement for

the FY 2023-24

5.1. Background

The ARR for FY 2023-24 was approved in the MYT Order dated 31st (cid:48)(cid:68)(cid:85)(cid:70)(cid:75)(cid:3) (cid:21)(cid:19)(cid:21)(cid:21)(cid:3) (cid:11)(cid:75)(cid:72)(cid:85)(cid:72)(cid:76)(cid:81)(cid:3) (cid:85)(cid:72)(cid:73)(cid:72)(cid:85)(cid:85)(cid:72)(cid:71)(cid:3) (cid:68)(cid:86)(cid:3) (cid:179)(cid:48)(cid:60)(cid:55)(cid:3) (cid:50)(cid:85)(cid:71)(cid:72)(cid:85)(cid:180)(cid:12)(cid:3) (cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:22)rd Control Period (FY 2022-23 to FY 2024-25). In this Chapter the Commission determines the Aggregate Revenue Requirement (ARR) for the FY 2023-24 based on the information made available for the previous years and the various norms defined in the MYT Order. The determination of Aggregate Revenue Requirement has been done in accordance with the JERC MYT Regulations, 2021.

5.2. Approach for determination of ARR for the FY 2023-24

The Petitioner has determined the ARR for the FY 2023-24 in accordance with the JERC MYT Regulations, 2021. The Petitioner has computed revenue from the sale of power on the basis of the Retail Tariff approved by the Commission in the Tariff Order for FY 2022-23. The Commission has computed the individual elements constituting the Aggregate Revenue Requirement for FY 2023-24 based on figures approved in the MYT Order dated 31st March 2022. Subsequently, the revenue at existing tariff is determined to arrive at the revenue gap/surplus for the FY 2023-24.

The Commission believes that the projections of sales and Power Purchase Cost approved in the MYT Order were based on historical trends and figures. Since the latest cost trends for fixed and variable components of the power purchase costs are now available, it is prudent to revise the Power Purchase Cost. Further, energy sales have been revised as significant growth is observed in recent years as the nation is recovering from the Covid-19 pandemic. Accordingly, the Commission has determined the revised Power Purchase Cost based on the revised energy sales and the same Intra-State T&D loss as approved in the MYT Order for FY 2023-24. Resultantly, the Commission has also determined the Renewable Purchase Obligation (RPO) and the Interest on Working Capital which are dependent on the Power Purchase Cost. Further, the O&M expenses as per the latest inflation numbers have been computed and approved. The Commission has determined the revenue from sale of power based on the approved energy sales, number of consumers and connected load in the FY 2023-24 to calculate the revenue gap for the year.

5.3. Projection of Number of consumers, Connected Load and

Energy Sales

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner submitted the Commission had approved the estimated sales for FY 2023-24 as 4,385.84 MUs.

Post COVID, the economic activity in the State of Goa has increased and the sales have increased in FY 2021-22 and first half of FY 2022-23. The actual sales for FY 2021-22 was 4009.03 MU and the actual sales during first half of FY 2022-23 was 2215.01 MU. Similarly, there has been a growth in number of consumers and connected load for FY 2022-23.

The Petitioner has considered the actual sales during FY 2021-22 and first half of FY 2022-23 for projecting the category wise sales for FY 2023-24.

The Petitioner has estimated the energy sales, connected load and number of consumers for the year after extrapolating the figures of sales, connected load and number of consumers determined for APR FY 2022-23 with 3, 4 & 5 year CAGR and in case of (-) negative CAGR assumption of 3% is considered.

The following table provides the no. of consumers, connected load and energy sales projected by the Petitioner:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission for projecting the number of consumers, connected load and energy sales for each category has observed the historical trends in the past 6 years (FY 2016-17 to FY 2021-22) and the actual data provided by the Petitioner for the initial 9 months of FY 2022-23. The Commission has calculated the Compound Annual Growth Rate (CAGR) and the year on year (y-o-y) increase for each category using appropriate growth rate and has estimated the category wise consumers, connected load and energy sales. The tables below provides the trends observed in the growth of number of consumers, connected load and energy sales for the Petitioner.

Using the appropriate growth rate from the trends observed above, the number of consumers, connected load and energy sales have been estimated for FY 2023-24. For all categories, the growth rate is applied over the figures obtained in FY 2022-23, as estimated in the previous Chapter.

The growth rate adopted and the revised number of consumers, connected load and energy for each category have been tabulated as follows:

Table 54: No. of consumers approved by Commission

The Commission approves number of consumers as 724,872, connected load as 3,342,540 kW

and energy sales of 4,570.01 MUsin the ARR of FY 2023-24.

5.4. Inter-State transmission loss

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has considered the actual transmission losses of H1 of FY 2022-23 as the revised transmission (PGCIL) losses for the FY 2023-24 and the same has been provided in table below:

Table 57: Inter-State Transmission Loss submitted by the Petitioner (%)

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission considers the transmission loss levels for FY 2023-(cid:21)(cid:23)(cid:3) (cid:68)(cid:86)(cid:3) (cid:83)(cid:72)(cid:85)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3) (cid:68)(cid:86)(cid:3) shown in the following table:

Table 58: Inter-State Transmission Loss approved by the Commission (%)

The Commission approves Inter(cid:177)State Transmission Loss of 2.89% for power received from

stations of Western Region and 6.97% for power received from stations of Southern Region for

FY 2023-24.

5.5. Intra-State Transmission &Distribution (T&D) Losses

(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:54)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)

The Petitioner has considered the same T&D loss as per FY 2022-23 H1 actual. Further, the Petitioner has submitted that the department has been working hard to reduce its Distribution losses to the targets approved by the Hon`ble Commission in the previous Tariff Order and has reduced some of its Distribution Loss due to implementation of SAP, R-APDRP Part A schemes, by resolving the billing issues, transition of billing and collection agencies and infusion of funds to strengthen and improve the distribution network. As the issues are resolved and data billing etc is done through SAP, the provisional actual distribution losses observed for FY 2021-22 are 8.45%. Therefore, the Petitioner has considered the distribution loss of 8.45% for FY 2023-24.

Commission's analysis

The Commission had approved loss level of 10.00% for FY 2023-24 in the Business Plan Order dated 31st March, 2022. However, while approving the T&D loss trajectory for the 3rd Control Period, the Petitioner has only submitted the details of actual T&D losses achieved in the 2nd MYT Control Period for FY 2020-21.

Therefore, the Commission could not finalize the T&D loss trajectory for the 3rd control period and approved the trajectory on the provisional basis.

Now, the Petitioner has filed the true-up for FY 2017-18 to FY 2021-22 and have provided the actual T&D losses for the past years. The T&D losses approved by the Commission in the previous Control Period vis-à-vis T&D losses achieved by the Petitioner during the same period is given in the following table:

Table 59: T&D losses approved by the Commission in the 2nd MYT Control Period vis-à-vis T&D losses achieved by the Petitioner

From the above, it can be observed that there is downward trend in the T&D loss trajectory and losses for FY 2020-21 seems to be outlier. Therefore, the Commission has considered the Petitioner's submission and have approved the T&D loss of 8.45% for FY 2022-23. Further, the Commission would like to point out that approx. 54% of the total sales is at HT levels, where losses are very low. In view of the capital expenditure proposed by the Petitioner and nature of schemes planned to be carried out, the Commission opines that the Petitioner should be able to further reduce T&D losses by 0.25% annually in the 3rd MYT Control Period. The T&D loss trajectory approved by the Commission is given in the following table:

The Commission approves the revised Intra-State T&D loss of 8.20% in the ARR of FY 2023-24.

5.6. Energy Balance

Petitioner's Submission

The Petitioner has submitted the energy balance as shown in the table below:

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

The Commission has determined the Energy Balance based on the revised estimates of energy sales. The following table provides the Energy Balance now approved by the Commission for FY 2023-24.

Table 62: Energy Balance (MUs) approved by Commission

The Commission approves energy requirement at state periphery of 4797.85 MUs in the ARR of

FY 2023-24.

5.7. Power Purchase Quantum & Cost

Petitioners Submission

The Petitioner has projected the power purchase quantum for FY 2023-24 based on the FY 2022-23 H1 actuals and projections of FY 2022-23 H2. Further, in the projections no additional power from the market/traders/DEEP portal is considered as the major Power Purchase from Central Generating Stations.

However, deficit if any shall be met from the market/exchange/DEEP portal. The table below provides the details of the power purchase projected by the Petitioner in the ARR of FY 2023-24;

Table 63: Power Purchase Quantum for FY 2023-24

Following assumptions have been considered for projecting the cost of power purchase:

Fixed Charges: The Petitioner has submitted that as CERC has still not issued the Order for most of the Plants, ED-Goa has considered actual fixed charges paid to the plant in H1 of FY 2022-23 to arrive at the revised projections of base year FY 2022-23 for respective Central Generating Stations and the same is considered for FY 2023-24.

Variable Charges: The Petitioner has considered the average of actual per unit variable costs for FY 2021-22 and escalated the same with 7 % for the revised projections of FY 2022-23 and the same is considered for FY 2023-24. The Petitioner has considered any increase in Variable Cost for FY 2023-24 and any increase will be considered as part of fuel price adjustment.

Solar and Non-solar: The Petitioner has considered the rates as per the PPA without any escalation for FY 2023-24. Further, to fulfil the RPO compliance, the deficit renewable power as per RPO is compensated by procuring renewable power (Solar and Non-Solar) from the Short-Term Market. The Petitioner has considered the market rates as per the actuals of H1 FY 2022-23 without any escalation for FY 2023-24.

The Petitioner has submitted that it has been procuring power from the Renewable Sources where 6 MW Solar Power is procured from NVVNL and 25 MW from SECI to meet its RPO obligations. Further, the Petitioner has signed Power purchase Agreement with SECI 150 MW RTC Peak Power from combined sources of Renewable Power comprising of Solar, Wind and Battery Energy Storage System (BESS) provides assured Peak Power to compensate the Peak Deficit of Goa. The project contributes to Peak Power compensation and RPO as well. The project envisages the supply to start FY 2023-24 at the rate of Rs 4.03 /unit at Goa periphery. However, the approval of CERC is awaited to initiate the commissioning of the project.

The department is also expecting the consumers to go for solar rooftops and indulge in more Net Metering/ /Gross Metering for FY 2023-24. The total Cumulative installed capacity including all types of rooftop solar and ground mounted solar as on 30.10.2022 within Goa is 32.53 MW of which, Rooftop is 23.13 MW and Ground Mounted is 9.22 MW. The Petitioner expects to receive certain power from rooftop projects for FY 2023-24.The Petitioner has submitted that any shortfall (if any) and to fulfil the Solar RPO obligation, EDG shall purchase power through short term (Traders) through DEEP portal, GTAM.

In order to meet its Non- solar RPO, the Petitioner has submitted that it would be procuring power through short term on DEEP portal. The Petitioner has procured 2.77 MUs (for FY 2022-23 H1) and it is projected to receive 5.23 MUs in FY 2022-23 H2 from Hindustan Waste Energy Ltd as it is proposed to increase the capacity of the project. Accordingly, it is projected that 8 MUs will be supplied by Hindustan Waste Energy Ltd to EDG for FY 2023-24. Further, the Petitioner is receiving the power from SECI Tranche II 50 MW Wind power and procuring the power at a rate of Rs. 2.72/unit plus trading margin of Rs. 0.07/kWh at Goa periphery since August 2022. The actual energy delivered by SECI Tranche II 50 MW, for FY 2022-23 H1 is 82.31 MU.

Accordingly for FY 2023-24 it is projected as 142.18 MUs based on the Energy flow of Wind Power in the past.

The Petitioner has executed a Power Sale Agreement (PSA) on 16th August 2019 with SECI for Procurement of 50 MW Wind Power (Tranche VI) for 25 years at a fixed tariff for Rs. 2.82/kWh plus trading margin of Rs.

0.07/kWh for fulfilment of Non-Solar RPO. EDG has started receiving the Power from September 2022 and inline with the SECI Tranche II 50 MW Wind power the projections are performed for FY 2023-24. Apart from above, to meet any shortfall (if any) and to fulfil the Non-Solar RPO obligation, EDG shall purchase power through short term (Traders) through DEEP portal, GTAM.

Apart from the above sources, the Petitioner shall purchase power in Short-term from exchanges or Traders or DEEP portal to fulfil its peak requirements. Further, the Petitioner may sell surplus available during off-peak hours and would indulge in banking or sale of power in exchanges in the real time basis.

Within state generation: The Petitioner has tied up power from three Co-Generating Plants within State namely Vedanta Pvt. Ltd. Plant I, Goa Sponge and Power Limited (GSPL) and Vedanta Pvt. Ltd. Plant II. The total energy projection from above three plants for the FY 2023-24 is based on actual energy received i.e. 154.13 MUs and at the same rates

Transmission Charges: The Petitioner has considered the actual transmission charges for H1 of FY 2021-22 and calculated the transmission charges per unit for PGCIL. The same per unit rate has been considered for computation of Transmission charges for FY 2023-24 without any escalations

The total power purchase quantum and cost for each year of the MYT control period is as under:

Table 64: Power Purchase quantum (MU) and Cost (In INR Cr) submitted by Petitioner for FY

2023-24

(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:182)(cid:86)(cid:3)(cid:68)(cid:81)(cid:68)(cid:79)(cid:92)(cid:86)(cid:76)(cid:86)

5.7.1. Power Purchase Quantum

Availability of energy from NTPC and NPCIL Stations:

The Commission analysed the energy availability from NTPC and NPCIL Power Stations for the last 2 years and (cid:73)(cid:82)(cid:88)(cid:81)(cid:71)(cid:3) (cid:76)(cid:87)(cid:3) (cid:76)(cid:81)(cid:3) (cid:79)(cid:76)(cid:81)(cid:72)(cid:3) (cid:90)(cid:76)(cid:87)(cid:75)(cid:3) (cid:87)(cid:75)(cid:72)(cid:3) (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:83)(cid:85)(cid:82)(cid:77)(cid:72)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:41)(cid:60)(cid:3) (cid:21)(cid:19)(cid:21)(cid:21)-23. Therefore, the Commission has estimated energy availability for FY 2023-24 as the higher of the actual energy availability for FY 2021-22 and the projected energy availability for FY 2022-23.

Availability of energy from Vedanta and Goa Sponge Stations

The Commission analysed the energy availability from within state Power Stations for the last 2 years and found it in line with the (cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) (cid:83)(cid:85)(cid:82)(cid:77)(cid:72)(cid:70)(cid:87)(cid:76)(cid:82)(cid:81)(cid:86)(cid:3) (cid:73)(cid:82)(cid:85)(cid:3) (cid:41)(cid:60)(cid:3) (cid:21)(cid:19)(cid:21)(cid:21)-23. Therefore, the Commission has estimated energy availability for FY 2023-24 as the higher of the actual energy availability for FY 2021-22 and the projected energy availability for FY 2022-23.

Availability of energy from Renewable Sources

(cid:55)(cid:75)(cid:72)(cid:3)(cid:38)(cid:82)(cid:80)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:72)(cid:81)(cid:72)(cid:85)(cid:74)(cid:92)(cid:3)(cid:68)(cid:89)(cid:68)(cid:76)(cid:79)(cid:68)(cid:69)(cid:76)(cid:79)(cid:76)(cid:87)(cid:92)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:85)(cid:72)(cid:81)(cid:72)(cid:90)(cid:68)(cid:69)(cid:79)(cid:72)(cid:3)(cid:86)(cid:82)(cid:88)(cid:85)(cid:70)(cid:72)(cid:86)(cid:3)(cid:76)(cid:81)(cid:3)(cid:79)(cid:76)(cid:81)(cid:72)(cid:3)(cid:90)(cid:76)(cid:87)(cid:75)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3) submission.

(cid:41)(cid:88)(cid:85)(cid:87)(cid:75)(cid:72)(cid:85)(cid:15)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:69)(cid:68)(cid:81)(cid:78)(cid:76)(cid:81)(cid:74)(cid:3)(cid:84)(cid:88)(cid:68)(cid:81)(cid:87)(cid:88)(cid:80)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:69)(cid:72)(cid:72)(cid:81)(cid:3)(cid:70)(cid:82)(cid:81)(cid:86)(cid:76)(cid:71)(cid:72)(cid:85)(cid:72)(cid:71)(cid:3)(cid:68)(cid:86)(cid:3)(cid:83)(cid:72)(cid:85)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:51)(cid:72)(cid:87)(cid:76)(cid:87)(cid:76)(cid:82)(cid:81)(cid:72)(cid:85)(cid:182)(cid:86)(cid:3)(cid:86)(cid:88)(cid:69)(cid:80)(cid:76)(cid:86)(cid:86)(cid:76)(cid:82)(cid:81)(cid:3)(cid:68)(cid:81)(cid:71)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:72)(cid:91)(cid:70)(cid:72)(cid:86)(cid:86)(cid:3)(cid:68)(cid:89)(cid:68)(cid:76)(cid:79)(cid:68)(cid:69)(cid:79)(cid:72)(cid:3) energy has been assumed to be sold off in open market.

5.7.2. Power Purchase Cost

The Commission has computed the power purchase cost for the FY 2023-24 based on the following assumptions: