{"id":172394,"date":"2017-11-30T11:35:53","date_gmt":"2017-11-30T06:05:53","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=172394"},"modified":"2017-11-30T11:35:53","modified_gmt":"2017-11-30T06:05:53","slug":"conduct-parties-sufficient-determine-mode-payment","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/11\/30\/conduct-parties-sufficient-determine-mode-payment\/","title":{"rendered":"Conduct of parties sufficient to determine the mode of payment"},"content":{"rendered":"

Central Electricity Regulatory Commission:<\/strong>\u00a0In an order passed by Gireesh B Pradhan (Chairperson), AK Singhal, AS Bakshi and MK Iyer (Members) on a\u00a0 petition filed under Section 79(1)(f) of the Electricity Act, 2003 read with Regulations 44 & 45 of CERC (Terms and Conditions of Tariff), Regulations, 2014, the petiton challenged the arbitrary actions taken by NTPC.<\/p>\n

The petition was dismissed clearly stating that nowhere explicitly or implicitly in the regulation the Letter of Credit has been recognized as the payment security mechanism and NEFT\/RTGS as the mode of payment. The Commission in its previous order had noted that Regulations 34 and 35 of the 2009 Tariff Regulations clearly provides the payment through Letter of Credit and hence it was clearly allowed according to the 2009 Regulations.<\/p>\n

Therefore, in terms of the 2014 Tariff Regulations, the Letter of Credit has now become a mode of payment security mechanism rather than mode of payment through which a beneficiary could avail rebate. The Commission also observed that, there is no fundamental difference between the 2009 and 2014 Tariff Regulations as regards the provisions related to late payment surcharge and “Payment Mechanism” in the existing Power Purchase Agreement, and hence it does not contravene the provisions 44 and 45 of Tariff Regulations, 2014. Disposing of the petition, the Commission directed the respondent being a leading power generating company in the country to be more careful in raising invoices in future. [Tata Power Delhi Distribution Limited v. NTPC Limited, Petition No.132\/MP\/2017, decided on 27-11-2017]<\/p>\n","protected":false},"excerpt":{"rendered":"

Central Electricity Regulatory Commission:\u00a0In an order passed by Gireesh B Pradhan (Chairperson), AK Singhal, AS Bakshi and MK Iyer (Members) on a\u00a0 <\/p>\n","protected":false},"author":91,"featured_media":152743,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[2652,25544],"class_list":["post-172394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-Central_Electricity_Regulatory_Commission","tag-mode-of-payment"],"yoast_head":"\nConduct of parties sufficient to determine the mode of payment | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Petitioner company had entered into power purchase agreements\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":277965,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/24\/state-regulatory-commissions-to-frame-regulations-for-determination-of-electricity-tariff-within-3-months-supreme-court-electricity-act-2003-section63-interpretation-legal-research-updates-news\/","url_meta":{"origin":172394,"position":4},"title":"All State Regulatory Commissions must frame Regulations for determination of Electricity tariff within 3 months: Supreme Court\u00a0","author":"Prachi Bhardwaj","date":"November 24, 2022","format":false,"excerpt":"The Electricity Act, 2003 does not prescribe one dominant method to determine tariff as it seeks to distance the State Governments from the determination and regulation of tariff, placing such power completely within the ambit of the Appropriate Commissions.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/All-State-Regulatory-Commissions-must-frame-Regulations-for-determination-of-Electricity-tariff-within-3-months-1-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/All-State-Regulatory-Commissions-must-frame-Regulations-for-determination-of-Electricity-tariff-within-3-months-1-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/All-State-Regulatory-Commissions-must-frame-Regulations-for-determination-of-Electricity-tariff-within-3-months-1-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/All-State-Regulatory-Commissions-must-frame-Regulations-for-determination-of-Electricity-tariff-within-3-months-1-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/11\/All-State-Regulatory-Commissions-must-frame-Regulations-for-determination-of-Electricity-tariff-within-3-months-1-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":217428,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/07\/29\/cerc-petition-for-extension-of-drawal-of-power-beyond-stipulated-time-in-terms-of-cerc-regulations-allowed-considering-difficulties-faced-by-petitioner\/","url_meta":{"origin":172394,"position":5},"title":"CERC | Petition for extension of drawal of power beyond stipulated time in terms of CERC Regulations allowed","author":"Bhumika Indulia","date":"July 29, 2019","format":false,"excerpt":"Central Electricity Regulatory Commission (CERC): Coram of P.K. Pujari (Chairperson) and Dr M.K. Iyer (Member) and I.S. Jha (Member) allowed the petition of the Odisha Power Generation Corporation Limited for drawal of start-up power and injection of infirm power from Unit-4 of the petitioner`s Thermal Power Plant at Jharsuguda to\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/Central-Electricity-Regulatory-Commission-%E2%80%93-CERC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/172394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=172394"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/172394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/152743"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=172394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=172394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=172394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}