ppt课件-issuesasregards‘openaccess’inelectricitytransmission.pptVIP

ppt课件-issuesasregards‘openaccess’inelectricitytransmission.ppt

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ppt课件-issuesasregards‘openaccess’inelectricitytransmission

Presentation to Honourable Central Electricity Regulatory Commission on Views/Suggestions on CERCs’ Discussion Paper on Terms and Condition of Tariff Content Backdrop for Tariff Fixation Goals for Tariff Setting Part I: Broader Issues of Tariff Setting Part II: Views/Recommendations on Specific Issues Summary Backdrop for Tariff Setting Capacity Addition Required and past performance Changing Structure Changing Structure: Emerging Structure: Post EA 03 Goals for Tariff Setting Goals of Tariff Setting Huge investment required (Rs. 900,000 Crs) to realize the vision of ‘Power for All by 2012’ Investment in Power Sector to compete for investment in other sectors in terms of Returns offered Climate for investment: Stable policies, regulatory and fiscal framework The policy of allowing an attractive return profile may be adopted for say the next 9-12 years and when the critical mass of investments which can meet the 2012 vision is achieved, Govt. may review it This has happened in this country as well as abroad whenever Govts want to attract investments in certain sector. Thus tariff-setting principles need to distinguish between two stages - Stage I is the immediate period for the next 9 – 12 years when large investments would be required to meet the capacity requirements of the sector and Stage II would be the period thereafter. Goals of Tariff Setting (contd.) The need for attracting investments in Stage I is more acute compared to Stage II and at the same time more difficult State of the sector today, from investment point of view, is less favourable due to the various ills affecting the sector. Conditions likely to improve in the next 9 – 12 years as reforms are accomplished and critical mass is achieved Case for more favourable returns in Stage I to attract investments. Normalized returns in Stage II Even in Stage I, a staggered approach to returns should be followed i.e., keeping in view the immediate need of funds, a higher return should be allowed for the

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