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State of Jammu-Kashmir - Section

Section 54 in Jammu and Kashmir State Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2013

54. Fuel Price Indexation Mechanism.

(1)In case of non-fossil fuel based cogeneration projects, the following indexing mechanism for adjustment of fuel prices for each year of operation will be applicable for determination of applicable variable charge component of tariff, in case developer wishes to opt for indexing mechanism:P (n) =P (n-1) * {a * (WPI (n)/WPI (n-1)) + b * (1+IRC) (n-1) + c *(Pd(n)/Pd(n-1))}Where,P (n) = Price per tonne of Bagasse for the nth year to be considered for tariff determinationP (n-1) = Price per tonne of Bagasse for the (n-1)th year to be considered for tariff determination. P1 shall be Biomass p r i c e for FY 2013-14 as specified under Regulation 53.a = Factor representing fuel handling costb = Factor representing fuel costc = Factor representing transportation costIRC(n-1) = Average Annual Inflation Rate for indexed energy charge component in case of captive coal mine source (in %) to be applicable for (n- 1)th year, as may be specified by CERC for 'Payment purpose' as per Competitive Bidding GuidelinesPd n = Weighted average price of HSD for nth year.Pd n-1 = Weighted average price of HSD for (n-1)th year.WPI n = Whole sale price index for the month of April of nth yearWPI n-1 = Wholesale price index for month of April of (n-1)th year.Where a, b & c will be specified by the Commission from time to time.In default, these factors shall be 0.2, 0.6 & 0.2 respectively.
(2)Variable Charge for the nth year shall be determined as under:i.e. VCn = VC1x (Pn / P1) or VCn = VC1x (1.05) (n-1) (optional)Where,VC1 represents the Variable Charge based on bagasse Price P1for FY 2013-14 as specified under Regulation 53 and shall be determined as under:
VC1=| Station Heat Rate (SHR)Gross Calorific Value (GCV)| x| 1(1 - Aux Cons. Factor)| x| P11000|