The Ministry of Power (MoP) has advised the state electricity regulatory commissions (SERCs) to establish the reduction of generation or transmission tariffs in cases of full or advance payments by the distribution companies (DISCOMs) and procurers to the generating stations or transmission companies.
The MoP has written a letter to the Central Electricity Regulatory Commission (CERC), SERCs, and Joint Electricity Regulatory Commissions (JERCs) about the decrease in the cost of power due to prepayment in the entire value chain of the power sector.
The ministry has also suggested that the retail tariff for the consumers should also be reduced in case the DISCOMs pay the tariff in advance.
As clarified by a project developer, “only the projects for which tariffs are determined by the regulatory commissions will be considered for this, Read More
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