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Section 45 in The Central Electricity Regulatory Commission (Terms And Conditions For Tariff Determination From Renewable Energy Sources) Regulations, 2009
45. Fuel Price Indexation Mechanism
.-(1) In case of biomass power 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 ton of biomass for the nth yearto e considered for tariff determinationP(n-1) = Price per ton of biomass for the (n-1)thyear to be considered for tariff determination. P1 shall be Biomassprice for FY 2009-10 as specified under regulation 44.a = Factor representing fuel handling costb = Factor representing fuel costc = Factor representing transportation costIRC(n-1) = Average Annual Inflation Rate forindexed energy charge component in case of captive coal mine source (in %) tobe applicable for (n-1)th year, as may be specified by CERC for"Payment purpose" as per competitive Bidding GuidelinesPdn = Weighted average price of HSD for nth year.Pdn-1 = Weighted average price of HSD for (n-1)thyear.WPIn = Whole sale price index for the month of April of nth yearWPIn-1 = Wholesale price index for month of Aprilof (n-1)th year.Where a, b & c will be specified by the Commission fromtime to time. In default, these factors shall be 0.2, 0.6 & 0.2respectively.| VC1= | Station Heat Rate(SHR) | x | 1 | x | P1 |
| Gross Calorific Value (GCV) | (1-Aux Consum.Factor) | 1000 |