Dakshin Gujarat Vij Company Limited Suo - Motu Case No ... - GERC

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Dakshin Gujarat Vij Company Limited Truing up for FY 2010-11 and Determination of Tariff for FY 2012-13 It is observed by the Commission that all the licensees had not made the provision for the 6th pay commission in the FY 2007-08, which had resulted in variation in increase considered by the Commission while approving the employees cost for the base year. Hence, there has been uneven increase witnessed in the employees cost across DISCOMs for FY 2010-11. 6. Power purchase Cost Objection: Some of the stakeholders have pointed out that the per unit power purchase cost varies from Rs. 2.52 per unit in case of PGVCL to Rs. 3.78 per unit in case of DGVCL. Response of the Licensee: The licensee has submitted that the GUVNL purchases power from various sources, on behalf of all the DISCOMs. The PPA allocation is reviewed and revised as and when new capacity addition comes up, or based on the requirement of the DISCOMs. Since the DISCOMs have different and varied consumer mix and load profile, GUVNL adopted the approach of dynamic allocation of capacities with a view to maintaining uniformity of retail tariff across the areas of all DISCOMs. Hence, at the end of financial year, the power purchase cost is allocated by GUVNL out of the total pooled power purchase cost by following the Bulk Supply Rate Mechanism. Commission’s View: The Commission has noted the response of licensee. 7. Revenue gap Objection: The revenue gap submitted by the DISCOMs should be rejected as they are not performing economically and the gap resulting from their inefficiency should not be transferred to the consumers. Response of the Licensee: The licensee has submitted that the revenue gap calculated by the licensee in the submission made for true up of FY 2010-11 is in line with the MYT Regulations specified by the Commission and hence should be pass through. Commission’s View: The Commission has examined the revenue gap from the point of view of reasonableness and prudence. Gujarat Electricity Regulatory Commission Page 16 June 2012
8. Capital Expenditure Dakshin Gujarat Vij Company Limited Truing up for FY 2010-11 and Determination of Tariff for FY 2012-13 Objection: Some of the stakeholders have requested the Commission to direct the DISCOMs to provide certified copy of capital expenditure incurred by the DISCOMs. The independent Auditor should certify the capital expenditure under Section 128 of Electricity Act. Response of the Licensee: The licensee has submitted that the Comptroller & Auditor General of India (C&AG), New Delhi has appointed M/s. Soni Jhawar & Co., Chartered Accountants, for carrying out Statutory Audit of DGVCL for FY 2010-11. After completion of Statutory Audit by the Statutory Auditor appointed by C&AG, the supplementary audit is also being carried out by AG Office, Ahmedabad on the basis of Audited Annual Accounts given by Statutory Auditors. Subsequently, Principal Accountant General, C&AG of India has carried out supplementary audit on the Accounts of the DGVCL for the year ended 31.03.2011 and given NIL comment under 619(4) of the Companies Act, 1956. Commission’s View: The details of the capital expenditure have been furnished by the licensee in its submission dated 24th February, 2012 in the context of the suomotu proceedings initiated by the Commission. The annual accounts are audited by the statutory auditors and the C&AG as mentioned above which reflects the capital expenditure and capitalisation. However, the Commission has also initiated an independent audit of the accounts of all the distribution licensees. 9. Applicability of Lift irrigation tariff for agricultural purpose Objection: Some of the stakeholders have suggested that the LTP-V Agricultural Tariff for 24 hours power supply should be extended to each and every farmer. Response of the Licensee: The licensee has submitted that the rationale behind LTP –V tariff is for lifting water from surface water sources such as canal, river & dam and supplying water directly to the field of farmers for agricultural irrigation only. Further, this is to motivate the farmers for utilization of surface water and thereby to promote energy and water conservation particularly for the consumers in the command area of Sardar Sarovar Project area and such other mini irrigation system. Mainly such project or system requires 24 hours power supply and, therefore, a separate Tariff Category is provided. Since a specific tariff is provided for the surface Gujarat Electricity Regulatory Commission Page 17 June 2012
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