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    Power Distribution Tariffs in India 2016 Discom Wise & Consumer Wise Comprehensive Track

    E-REP Fact Factor Series

    March 2016

    ENINCON LLP 2016, All rights reserved

  • Research Base Power Distribution Tariffs in India 2016| 2

    CERC Final tariff

    Regulations for 2014-

    19 tightens power

    plants operating

    norms

    ILLUSTRATIVE

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    Indian power sector is policy driven and being governed by stiff regulations. Any policy level changes have impacted the power sector in both positive as well as negative sense. In this milieu this fiscal was no different as the sector is set to register turbulence prior stabilization, courtesy the on-going coal block re-allocation, intent of Govt. on fuel pooling coupled with the repercussions of CERCs Tariff Regulation 2014-19. The CERCs Tariff Regulation 2014-19 have intensified the competition in the Indian power sector, by curbing the shield that has earlier been provided to the CPSUs/ SEBs generation utility in the form of incentive linked to PAF (Plant Availability Factor). The regulation has reduced the revenue margin of Central Power Station Units (CPSUs) by a significant quantum of 7-15%. It is pertinent to note that for end consumers of electricity a degree of relief has come through reduction in power tariffs by 5-6% from erstwhile prevailing rates, which deems as a positive impact of 2014-19 regulations.

    40 40 40 40

    185

    370

    555

    740

    225

    410

    595

    780

    0

    100

    200

    300

    400

    500

    600

    700

    800

    900

    INR

    /Mo

    nth

    Tariff

    Variable Charge

    Fixed Charge

    40 40 40 40

    240

    480

    720

    960

    280

    520

    760

    1000

    0

    200

    400

    600

    800

    1000

    1200

    INR

    /Mo

    nth

    Tariff

    Variable Charge

    Fixed Charges

    Exhibit 1: Tariff Components for Domestic Load Category (Upto 2kW Load) of BSES Rajdhani Power Limited, Delhi

    Source: enincon research

    0-50 51-100 101-150 151-200 201-250 251-300 301-350 351-400

    ENINCON LLP 2016, All rights reserved

  • ENINCON LLP 2016, All rights reserved

    Power Distribution Tariffs in India 2016 | 3

    Research Base

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    ILLUSTRATIVE Fuel pooling has seen partial acceptance, as coal pooling is still under consideration. Gas pooling will help in reviving up 16 GW of stranded capacity and as Government of India is providing subsidy to check the tariff at INR 5.50. Only future will unveil the extent of benefit to the gas based power plants. The coal pooling would be positive for the stranded capacity, but it would be negative for the government run power generation utilities or the ones having FSA (Fuel Supply Agreement) with CIL. The coal pooling was anticipated to increase the power tariff by INR 0.40- 0.50 per unit during FY 2015-16, but the same would be much lower during this fiscal, ie- FY 2016-17. Such happenings when clubbed generates an imperative need for a dossier which would examine the tariffs as per end consumers. Hence, by meticulously examining the regulation, the latest trends governing the key fuel resources and deeply analysing the possible impacts on all the stakeholders, enincon llp attempts to blend the factual power tariff data and present a dossier which would be first of its kind and would enable clients with reliable insights and better understanding of the power tariff dynamics in the country.

    Exhibit 3: Consumer Category Classification

    25%

    20%

    20%

    10%

    25%

    Domestic

    Non-domestic

    Industrial

    Agricultural

    Others

    Key Highlights of CERC Final Tariff Regulation for 2014-19: New Formula for calculation of Fuel Cost Tightening of Operating Efficiency Norms Actual PLF Linked Incentives Tax Payment on Actual Basis Instead of Gross-up at

    Applicable Tax Rate Lower NAPAF for recovery of Fixed Charges Lower Fuel Stock Allowed for Normative Working

    Capital

    Source: enincon research

    Power Distribution

    Tariff in India-2016 gives better understanding

    and reliable insights of

    power tariff dynamics in the

    country

  • ENINCON LLP 2016, All rights reserved

    ENINCON Research &

    Services Framework

    Research Reports

    ENINCON Research

    Desk

    Business Stakeholders/Partic

    ipants

    Experts Insights/ Market view

    Validated data & analysis

    Opportunity mapping

    & Market sizing

    First hand sector

    knowledge & inputs

    Gist of the report in .pdf

    format for ready use

    Free Author

    support on report & Competitive

    cost

    Customized Research Solution

    Primary research

    inputs from F2F

    interviews

    Germinates from minds that think fresh to evolve path finding guide for all stake holders through quality information & analyses

    ENINCONS Service Difference

    Exhibit 4: ENINCONs Difference

    Emanates from seamless integration of domain expertise with first hand industry knowledge and customized research solutions at a very competitive cost

    ENINCONS Research Difference

    ENINCONs Difference

    ENINCON

    The Report gives

    a comprehensive

    track of all

    existing and

    upcoming Captive

    Power Plants of

    India, bifurcated

    as per fuel used

    Power Distribution Tariffs in India 2016| 4

    ILLUSTRATIVE

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  • Re

    sear

    ch O

    bje

    ctiv

    e

    Re

    sear

    ch R

    esu

    lts

    1. To tabulate New tariff Structure for 2014

    2. To analyze the pressure on power generating utilities with incentives linked to PLF instead of PAF

    3. To study the impact on the various stakeholders of the supply chain due to these regulations

    4. To analyse cost of supply and cost of procurement of power from the perspective of distribution utility

    Research Objective

    Exhibit 5: ENINCON Research Objective & Key Queries Resolved

    ENINCON LLP 2016, All rights reserved

    ENINCON Research reports

    delivering domain

    knowledge, market

    insights & future

    outlook

    Power Distribution Tariff in India 2016 | 5

    What is likely rationale behind tariff calculations followed in India for 2014-19?

    What are the key impacts on the

    stakeholders due to these regulations?

    What would be the cost of power

    supply and cost of procurement vis--vis from power distribution utilitys perspective?

    How this tariff regime impacted the

    generating utilities?

    Key

    Qu

    eri

    es

    Re

    solv

    ed

    ILLUSTRATIVE

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  • ENINCON LLP 2016, All rights reserved

    Exhibit 6: Key Queries Resolved will be helpful for

    Power Generating Companies, Power Distribution Utilities

    Research agencies, FI institutions

    Bulk Consumers

    Govt. & Regulatory

    Bodies

    Industries

    ENINCON Research reports

    delivering domain

    knowledge, market

    insights & future

    outlook

    Power Distribution Tariff in India 2016 | 6

    ILLUSTRATIVE

    join the Future now

  • Mu

    st B

    uy

    For

    Mu

    st B

    uy

    For

    Power Generating Companies

    Power Distribution Companies

    EPC Companies

    Fuel Supplying Companies

    Energy Sector Professionals

    Energy Trading Companies

    Equipment Manufacturers

    FIIs/Banks

    Government bodies

    Educational Institutions

    NGOs

    IT Service Providers

    Consultants

    Research firms

    Research Bodies/Institutes

    Industry associations

    Engineering Firms

    Must Buy For

    Exhibit 7: Must Buy For

    ENINCON LLP 2016, All rights reserved

    ENINCON Research reports

    delivering domain

    knowledge, market

    insights & future

    outlook

    Power Distribution Tariff in India 2016 | 7

    ILLUSTRATIVE

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  • Contents & Coverage

    ENINCON LLP 2016, All rights reserved

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    1. Executive Summary xx

    2. Northern Region Power Distribution Tariff in India 2016

    xx

    2.1. Industrial Tariff xx

    2.1.1 Delhi xx

    a. BSES Rajdhani Power Limited xx

    b. BSES Yamuna Power Limited xx

    c. NDMC xx

    d. Tata Power Delhi Distribution Limited xx

    2.1.2 Haryana xx

    a. Dakshin Haryana Bijli Vitran Nigam Limited xx

    b. Uttar Haryana Bijli Vitran Nigam Limited xx

    2.1.3 Himachal Pradesh xx

    a. Himachal Pradesh State Electricity Board xx

    2.1.4 Jammu & Kashmir xx

    a. Power Development Department (Distribution)

    xx

    2.1.5 Punjab xx

    a. Punjab State Power Corporation Limited xx

    2.1.6 Rajasthan xx

    a. Ajmer Vidyut Vitran Nigam Limited xx

    b. Jaipur Vidyut Vitran Nigam Limited xx

    c. Jodhpur Vidyut Vitran Nigam Limited xx

    2.1.7 Uttar Pradesh xx

    a. Dakshinanchal Vidyut Vitran Nigam Limited xx

    b. Madhyananc