Aam Aadmi Party may have promised to slash power tariff in the city by 50% but Delhi Electricity Regulatory Commission (DERC) is considering the discoms' demand for new rates towards power purchase adjustment costs (PPAC) from January 1.
"We are studying the claims made by the discoms and verifying them. Depending on whether the discoms have incurred additional costs over what has been allowed to them, PPAC may or may not be given to them. We are hoping to pass an order by the end of the month," said a senior DERC official.
Private discoms BSES Rajdhani, BSES Yamuna and Tata Power Delhi have sought the hike as PPAC which will be charged from January to March 2014 and will cover the increased expenses incurred by the companies from July 1 to September 30, 2013.
Appellate Tribunal of Electricity has allowed PPAC to the discoms for the expenditure incurred in power purchase and increased generation costs over and above what has been allowed to them in the tariff.
BSES Rajdhani has sought a 3% hike, Tata Power Delhi a 2% hike and BSES Yamuna a 7% hike that DERC has already scaled down to 3%.
After the tribunal had asked all state regulatory commissions to implement the power purchase adjustment formula rather than just allowing the variable (fuel) cost, DERC introduced the provision of fuel adjustment from the tariff of 2012-13 and then changed it to overall power purchase during the latest tariff hike in July 2013.
In the 2013-14 tariff order issued in July, PPAC had been merged with the tariff for the last quarter. This is the first time that the discoms have sought the costs separately. "PPAC is given only when discoms incur additional costs not covered in tariff," said chairperson P D Sudhakar. A CERC proposal, if implemented, may reduce NTPC generation costs and discoms may not require PPAC in the next quarter, sources said. "We will know only when the proposal is finalized," said Sudhakar.
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