Daily News Wrap-Up: Open Access Cross-subsidy Surcharge Capped at 20% in Chhattisgarh
DISCOMs owed power generators ₹868 billion at the end of June
July 13, 2023
The cross-subsidy surcharge for open access power consumers in Chhattisgarh should not exceed 20% of the average cost of supply of power, according to the state regulator’s recently issued amendment. The Chhattisgarh State Electricity Regulatory Commission issued the CSERC (Intra-State Open Access in Chhattisgarh) (Second Amendment) Regulations, 2023. These amendments aim to streamline the surcharge calculation process for intra-state open access in Chhattisgarh and will take effect from April 1, 2024.
Distribution companies (DISCOMs) owed power generators ₹867.6 billion (~$10.5 billion) in overdue payments for the monthly billing cycle at the end of June 2023. The current outstanding dues, excluding the latest monthly dues, are ₹596 billion (~$7.2 billion). The overdue before the trigger date is ₹270.6 billion (~$3.3 billion), after which the amount increases to ₹271.6 billion (~$3.3 million) as the late payment surcharge would become applicable.
The Ministry of Power has approved SJVN’s request to set up overhead transmission lines for its 1,000 MW solar power project in Bikaner, Rajasthan. The Ministry of Power has granted the approval for 25 years, and SJVN will have to seek the consent of the authorities before the erection of the proposed lines. SJVN must follow the regulations of the appropriate commission regarding transmission, operation & maintenance, and open access framed under the Electricity Act, 2003.
The Andhra Pradesh Electricity Regulatory Commission recently ruled that the levelized tariff of ₹2.64 (~$0.032)/kWh would apply to 7.55 MW of wind power projects in the state from the 11th year to the 20th year of the commissioning of the projects. It also said the Southern Power Distribution Company of Andhra Pradesh would have the right to refuse the purchase of power beyond the 20th year of operation from the commercial operation date.
Neuron Energy, a Mumbai-based lithium-ion battery manufacturer, has raised ₹200 million (~$2.4 million) in its pre-series A round. The investment was led by Equanimity Investments and the Rajiv Dadlani Group. It also saw participation from Chona Family Office (Havmor Group) and Kayenne Ventures. The funds will be used to secure ICAT certifications, invest in mold development, and strengthen the workforce by expanding the research and development team and hiring CXOs and senior management.
Tripura Electricity Regulatory Commission has mandated the state DISCOMs to allow net metering arrangements for eligible consumers up to 85% of the rated capacity of the distribution transformer under the new net metering guidelines. The Commission has granted DISCOMs the authority to permit net metering connectivity beyond the threshold based on a detailed load study.
Hild Electric, a manufacturer and deployer of electrolyzers, has been chosen as the Alkaline electrolyzer technology provider for NTPC Renewable Energy. The partnership will see Hild Electric deploying stacks combined with purifiers and separators to offer a solution that can integrate with renewable energy resources and produce green hydrogen. As per the agreement, these solutions will be deployed up to 600 MW capacity across various industrial applications, including ammonia, transportation, and power.