Delhi Electricity Regulatory Commission (DERC) has proposed to adopt new power regulations from next fiscal to help fix tariff. The new regulations will replace the current average revenue requirement (ARR) petitions that discoms file every year.
DERC chairperson P D Sudhakar said, "Discoms have already prepared their ARR for tariff submissions for 2014-15 so we plan to adopt the new regulations the year after," he said. The new accounting format has been prepared by the forum of regulators and is being slowly adopted by electricity regulators across the nation. "The present ARR is not submitted in this new format. The new regulations will help facilitate further processing easily and be useful. Discoms will have to submit information in a format that will enable us to assess data conveniently. The forum of regulators had come out with model regulations and we have made certain changes in the regulations we wish to adopt," Sudhakar added.
DERC is keen to have the new regulations in place at the earliest. "A draft of the regulations has been put up on the Commission's website for information and comments and public feedback is invited till January 31," said an official. Till date, only Tata Power has submitted their ARR petitions to DERC for tariff determination. Petitions from two BSES discoms, Rajdhani and Yamuna, are still awaited.
Meanwhile, discoms are preparing for the CAG audit next week as ordered by Delhi government. Sources said CAG office is likely to officially notify the power companies early next week for the audit.