CERC Regulations 2अध्याय I · General

धारा 2 · Definitions

(1)

In these regulations, unless the context otherwise requires:-

(a)

"Act" means the Electricity Act, 2003 (36 of 2003), including amendments thereto;

(b)

" Agreement" means the power purchase agreement between the Beneficiary and the Generating Company which owns the generating stations or the bulk power transmission agreement between the Beneficiary and the Transmission Licensee, as the case may be, or such other agreements by whatever name called binding the Generating Company/Transmission Licensee and their Beneficiaries;

(c)

"Beneficiary" means the person who has been allocated electricity or is being supplied electricity generated from a generating station through long-term access or medium-term open access or who is a user of the transmission system of a transmission licensee, as the case may be;

(d)

"Commission" means the Central Electricity Regulatory Commission referred to in section 76 of the Act;

(d)"Defaulting entity" means a beneficiary having outstanding dues of a generating company or a transmission licensee or not maintaining the required Letter of Credit or any other agreed Payment Security Mechanism in terms of the Agreement;

(e)

"Default Trigger Date" means the date from which the default in payment or default in maintaining Letter of Credit or any other agreed Payment Security Mechanism has been established. Explanation I : In case of non-payment of dues, this date shall be the next working day after completion of the 60 days' period from the date of service of the bill by the generating company or the transmission licensee, as the case may be.

Explanation II : In case of non-maintenance of the required Letter of Credit or any other agreed Payment Security Mechanism, the Default Trigger Date shall be third working day after the payment security mechanism, as per the Agreement, ceases to exist;

(f)

"Load Despatch Centre" means Regional Load Despatch Centre or State Load Despatch Centre, as the case may be;

(g)

"Outstanding dues" means the dues of a generating company or of a transmission licensee, which remains unpaid beyond a period of 60 days from the date of service of the bill on the beneficiaries;

(h)

"Regulating entity" means the generating company or the transmission licensee, as the case may be, within the jurisdiction of the Commission, which notifies the Regional Load Despatch Centre or the State Load Despatch Centre, to regulate the power supply of the defaulting entity;

(t)

"Regulated Entity" means the defaulting entity whose power supply is regulated in accordance with these regulations;

(J)"User" means a person such as a Generating Company including Captive Generating Plant or Transmission Licensee (other than the Central Transmission Utility and State Transmission Utility) or Distribution Licensee or Bulk Consumer, whose electrical plant is connected to the ISTS at a voltage level 33kV and above.

(2)

Save as aforesaid and unless repugnant to the context or if the subject matter otherwise requires, words and expressions used and not defined herein, but defined in the Act shall have the meanings as assigned to them under the Act.

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