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Torrent Power Limited - Distribution Surat GUJARAT ELECTRICITY REGULATORY COMMISSION Tariff Order Truing up for FY 2018-19 and Determination of Tariff for FY 2020-21 For Torrent Power Limited - Distribution Surat Case No. 1845 of 2019 31st March, 2020 6thFloor, GIFT ONE, Road 5C, GIFT CITY Gandhinagar-382335 (Gujarat), INDIA Phone: +91-79-23602000 Fax: +91-79-23602054/55 E-mail: [email protected] : Website www.gercin.org GUJARAT ELECTRICITY REGULATORY COMMISSION (GERC) GANDHINAGAR Tariff Order Truing up for FY 2018-19 and Determination of Tariff for FY 2020-21 For Torrent Power Limited - Distribution Surat Case No. 1845 of 2019 31st March, 2020 Torrent Power Limited – Distribution (Surat) Truing up for FY 2018-19 and Determination of Tariff for FY 2020-21 TABLE OF CONTENTS 1 Background and Brief History ..................................................................................... 1 1.1 Background ........................................................................................................... 1 1.2 Torrent Power Limited (TPL) ................................................................................. 2 1.3 Commission’s order for approval of True-up for FY 2015-16 and approval of Multi- Year ARR from FY 2016-17 to FY 2020-21 ........................................................... 2 1.4 Commission’s Order for approval of True-up of FY 2016-17 and Determination of tariff for FY 2018-19 ............................................................................................... 3 1.5 Commission’s Order for approval of True-up of FY 2017-18, Mid-Term Review of FY 2019-20 & FY 2020-21 and Determination of tariff for FY 2019-20 ........................ 3 1.6 Background of the present petition ........................................................................ 3 1.7 Registration of the Current Petition and the Public Hearing Process ..................... 4 1.8 Contents of this Order ........................................................................................... 6 1.9 Approach of this Order .......................................................................................... 6 2 Summary of TPL-D (S)’s Petition ................................................................................ 8 2.1 Introduction............................................................................................................ 8 2.2 Actuals for FY 2018-19 submitted by TPL-D (S) .................................................... 8 2.3 Sharing of gains and losses for FY 2018-19 .......................................................... 8 2.4 Summary of ARR, Revenue at Existing Tariff and Proposed Revenue Gap for FY 2018-19 ................................................................................................................. 9 2.5 ARR, Revenue at Existing Tariff, Revenue Gap and Tariff Proposal for FY 2020- 21 ........................................................................................................................ 10 2.6 TPL-D (S)’s Prayer to the Commission ................................................................ 10 3 Brief outline of Objections raised, Response from TPL-D (S) and the Commission’s View ............................................................................................................................ 12 3.1 Stakeholder’s suggestions / objections, Petitioner’s response and the Commission’s view ..................................................................................................................... 12 4 Truing up for FY 2018-19 ........................................................................................... 31 4.1 Introduction.......................................................................................................... 31 4.2 Energy Sales to the Consumers .......................................................................... 31 4.3 Distribution Losses .............................................................................................. 33 4.4 Energy Requirement ............................................................................................ 33 4.5 Energy Availability ............................................................................................... 34 Gujarat Electricity Regulatory Commission Page v March 2020 Torrent Power Limited – Distribution (Surat) Truing up for FY 2016-17 and Determination of Tariff for FY 2018-19 4.6 Power Purchase Cost .......................................................................................... 38 4.7 Fixed Charges ..................................................................................................... 43 5 Determination of Tariff for FY 2020-21 ...................................................................... 77 5.1 Gap/(Surplus) for FY 2020-21.............................................................................. 77 6 Compliance of Directives .......................................................................................... 83 6.1 Earlier Directives ................................................................................................. 83 6.2 Fresh Directives .................................................................................................. 84 7 Fuel and Power Purchase Price Adjustment ............................................................ 86 7.1 Fuel Price and Power Purchase Price Adjustment ............................................... 86 7.2 Formula ............................................................................................................... 86 8 Wheeling Charges and Cross Subsidy Surcharge .................................................. 88 8.1 Wheeling Charges ............................................................................................... 88 8.2 Cross Subsidy Surcharge .................................................................................... 93 8.3 Additional Surcharge ........................................................................................... 95 9 Tariff Philosophy and Tariff Proposals ..................................................................... 96 9.1 Introduction.......................................................................................................... 96 9.2 Proposal of TPL for increase in Retail Tariffs for TPL-D (S) for FY 2020-21 ........ 96 9.3 Commission’s Ruling on Retail Tariffs for TPL-D (S) for FY 2020-21 ................... 97 COMMISSION’S ORDER ................................................................................................... 99 ANNEXURE: TARIFF SCHEDULE ................................................................................... 101 Gujarat Electricity Regulatory Commission Page vi March 2020 Torrent Power Limited – Distribution (Surat) Truing up for FY 2016-17 and Determination of Tariff for FY 2018-19 LIST OF TABLES Table 1.1: List of Newspapers in which Public Notice was published by the Petitioner .......... 4 Table 1.2: List of Newspapers in which Public Notice for Hearing was published by the Commission .......................................................................................................................... 4 Table 1.3: List of Stakeholders who commented on petition filed by TPL-D (S) ..................... 5 Table 2.1: Actuals Claimed by TPL-D (S) for FY 2018-19 ..................................................... 8 Table 2.2: Summary of Sharing of Gains and Losses for TPL-D (S) for FY 2018-19 ............. 8 Table 2.3: True-up ARR claimed by TPL-D (S) for FY 2018-19 ............................................. 9 Table 2.4: Revenue Gap/ (Surplus) for TPL-D (S) for FY 2018-19 ........................................ 9 Table 2.5 Revenue Gap/(Surplus) of TPL-D (S) for FY 2020-21 ......................................... 10 Table 2.6: Cumulative Revenue (Gap)/Surplus for determination of Tariff of TPL-D (S) for FY 2020-21............................................................................................................................... 10 Table 4.1: Energy Sales for FY 2018-19 for TPL-D (S) ....................................................... 31 Table 4.2: Distribution Losses for FY 2018-19 as submitted by TPL-D (S) .......................... 33 Table 4.3: Energy Requirement for FY 2018-19 for TPL-D (S) ............................................ 34 Table 4.4: Energy Availability (Net) for FY 2018-19 for Ahmedabad & Surat ....................... 35 Table 4.5: RPPO submitted by TPL for FY 2018-19 ............................................................ 35 Table 4.6: UI/Wind Set-off reconciliation submitted by the Petitioner for FY 2018-19 .......... 37 Table 4.7: Approved Energy Availability (Net) for FY 2018-19 for TPL-D (A) and TPL-D (S) 37 Table 4.8: Power Purchase Cost projected by TPL for Ahmedabad and Surat area for FY 2018-19............................................................................................................................... 38 Table 4.9: Break-up of purchase from RE sources for FY 2018-19 ..................................... 41 Table 4.10: Approved Power Purchase Cost for TPL-D (A) and TPL-D (S) for FY 2018-19. 41 Table 4.11: Gain due to reduction in energy requirement for FY 2018-19 claimed by TPL-D (S) ....................................................................................................................................... 42 Table 4.12: Approved gains due to reduction in Distribution Losses for FY 2018-19 ........... 43 Table 4.13: O&M expenses claimed by TPL- D(S) for FY 2018-19
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