Uttar Gujarat Vij Company Limited - GERC

Uttar Gujarat Vij Company Limited
Truing up for FY 2010-11
and Determination of Tariff for FY 2012-13
It is further submitted that variation in power purchase expenses due to variation in
the cost and quantum is an uncontrollable factor. Accordingly, any gain or loss, on
this account is to be entirely passed on to the consumers. However, the increase or
reduction in quantum of power purchase and power purchase expense due to
reduction in distribution loss is a controllable factor; which would result in gain or loss
under MYT Regulations and is dealt accordingly.
Commission’s Analysis
The Commission has examined the actual quantum of power purchase and the
power purchase cost during the year FY 2010-11, based on the actual energy sales
and the distribution losses submitted by UGVCL. The sales and the quantum of
power purchase and the power purchase cost are as per the audited annual
accounts for the FY 2010-11. The power purchase cost, as per the audited annual
accounts for FY 2010-11, is Rs. 4317.55 Crore as shown in the Table below:
Table 4.8: Power purchase cost as per the audited annual accounts for FY 2010-11
(Rs. Crore)
Sl.
Particulars
Amount
No.
1 Power Purchase from GUVNL 4905.75
2 Power Purchase from others (Wind) 15.66
3 UI Import 26.44
4 Total Power Purchase 4947.85
5 Power sold to GUVNL 410.62
6 UI Export 219.68
7 Net Power Purchase cost 4317.55
The Commission considers the net power purchase cost of Rs. 4317.55 Crore
as per the audited annual accounts.
Table 4.9: Power purchase cost approved by the Commission for truing up for FY
2010-11
Particulars
FY 2010-11
(Approved in
Tariff Order)
FY 2010-11
(submitted in
Truing up)
(Rs. Crore)
FY 2010-11
(Approved in
True up)
Total Power Purchase cost 3755.56 4317.55 4317.55
Gujarat Electricity Regulatory Commission Page 34
June 2012