Section 5 in Himachal Pradesh Electricity Regulatory Commission (Terms and Conditions for Determination of Hydro Generation Tariff) Regulations, 2011
5. Multi Year Tariff (MYT) Framework.
(1)The Commission shall adopt multi year tariff framework for determination of tariff for each year of the control period.(2)The multi year tariff framework shall be based on the following: -(a)Business plan (with plant-wise details) for the entire control period, which the applicant shall submit to the Commission for approval, prior to the beginning of the control period;(b)Forecast of expected tariff for sale of power which shall be submitted by the generating company (plant-wise) for each year of the control period, based on reasonable assumptions of the underlying financial and operational parameters, as submitted in the business plan;(c)Trajectory for specific parameters, stipulated by the Commission, where the performance of the applicant is sought to be improved through incentives and disincentives;
