Section 69 in Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2019
69. Recovery of cost of hedging or Foreign Exchange Rate Variation (FERV).
(1)Every generating company and the transmission licensee shall recover the cost of hedging and foreign exchange rate variation on year-to-year basis as income or expense in the period in which it arises.(2)Recovery of cost of hedging or foreign exchange rate variation shall be made directly by the generating company or the transmission licensee, as the case may be, from the beneficiaries or the long term customers, as the case may be, without making any application before the Commission:Provided that in case of any objections by the beneficiaries or the long term customers, as the case may be, to the amounts claimed on account of cost of hedging or foreign exchange rate variation, the generating company or the transmission licensee, as the case may be, may make an appropriate application before the Commission for its decision.
