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Electricity Act 2003, Amendments and way forward

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Electricity Act 2003, Amendments and way forward

Electricity Act 2003, Amendments and way forward

  1. 1. EA 2003 : Amendments & Way Forward Presented by – R R Mehta
  2. 2. Flow Of Presentation Reliance Energy- Overview Last 10 Years performance Improvement Areas EA 2003 Amendments Confidential Slide 2 EA 2003 Agenda
  3. 3. Overview – Mumbai Distribution Distribution Area 400 Sq. km No. of Customers ~2.9 Million Max. System Demand 1,697 MVA HT Cable Length 4,137 Kms LT Cable Length 5,892 Kms Power Transformers 3,042 MVA Distribution Transformers 4,613 MVA Distribution Loss ~9.4% Data As on 31-Mar-14 Reliability Index 99.97 % Serving Mumbai Since 85 Years !!! Confidential As on 31st Mar 2014 Slide 3
  4. 4. Our National Footprint IT Implementation Agency Chattisgarh & Bihar - IT Consultancy Karnataka SCADA / DMS Consultancy - Haryana, Maharashtra - Chattisgarh. Bihar - Chandigarh SCADA / DMS Consultancy Distribution ITIA Distribution Assets in 3 States I Engaged with 7 States Distribution SCADA / DMS Consultancy Distribution AMR Installation ITC Confidential Slide
  5. 5. Network : SCADA & DMS  Country’s only Integrated (G-T-D) SCADA  State-of-the-Art Upgraded SCADA (SCADA security - ISO 27001)  Distribution Management System (11kV) (1st Utility in India - DMS S/S in 4 Digits - >1000)  Fully integrated with GIS-OMS Leading to a System Reliability of 99.97% OMS : Outage Management System; GIS : Geographical Info System 5 Confidential Slide
  6. 6. Customer : Engagement Website - Personalized response - ‘My-Account’ service - E-bills to customers - Online Chat SMS services on : - Scheduled outages - Meter Reading - All transactions Information on Bill: - Customized messages - Conservation / Safety tips - Regulatory Updates Social Media - FB : 1,00,000+ Fans - Twitter : 19,000+ Followers - You Tube :150+ Subscribers Proactive & Personalised communication for customer engagement Confidential Slide 6
  7. 7. Patented Theft Proof Pillar Innovations Unique home grown solutions being patented Confidential Slide 7  For prevention of theft in notorious theft-prone slum areas  Pilot implementation has led to loss reduction by 10%
  8. 8. Patent applied Innovations Accu-check Easy-check  Compact and sturdy  Dust proof and water proof  Phantom load redesigned to reduce the weight (2 kg) Portable solution for accuracy checking of Energy meters Confidential Slide 8
  9. 9. Meter Data Management Meter Data Acquisition & Management System- PrimeRead MDA & MDM AMI AMR Energy Input Utility Confidential Slide 9 Stepping stone for Smart Grid Applications
  10. 10. Dashboard SAP Business Objects-Dashboard Features & Functionalities •Operation Control •Trend Analysis •Triggers and Alerts •System Data Integration • Display & Formatting • Adhoc Analysis Visual Analytics & Interactive Dashboards :- Need of an Hour!!! Confidential Slide 10
  11. 11. Flow Of Presentation Reliance Energy- Overview Last 10 Years performance Improvement Areas EA 2003 Amendments Confidential Slide 11 EA 2003 Agenda
  12. 12. EA 2003 : Agenda • Open Access & Franchisee • Competitive bidding • Power Trading Competition • Establishing SERC / APTEL • Unbundling Accountability & Transparency • Tariff Setting • State Govt Subsidy Commercial Viability • USO • Rural electrification Access • Consumer Grievance • Reduction in T&D losses Quality & affordability • Mandatory RPOs • REC mechanism Renewable Energy Confidential Slide 12
  13. 13. Flow Of Presentation Reliance Energy- Overview Last 10 Years performance Improvement Areas EA 2003 Amendments Confidential Slide 13 EA 2003 Agenda
  14. 14. Slow Pace of Reforms Avg implementation score across all states is 0.54 Maharashtra, Delhi & Orissa are forefront in implementing reforms Confidential Slide Source : Deloitte 2013 14
  15. 15. Deterioration of Distribution finances Source : Khurana & Banerjee 2013, Referred in WB Report 2014 • Accumulated losses to the tune of Rs 2000 Bn • Sector losses = ~1.5% of GDP • Distribution sector contributes 80% of the above losses Confidential Slide 15
  16. 16. Increasing Gap • Cost – Revenue gap has doubled since 2003 • Avg Cost rose about 7% a yr over 2003-11 • Cost – Revenue gap grew about 6% a yr over 2003-11 Confidential Slide 16 Source : Khurana & Banerjee 2013, Referred in WB Report 2014
  17. 17. Flow Of Presentation Reliance Energy- Overview Last 10 Years performance Improvement Areas EA 2003 Amendments Confidential Slide 17 EA 2003 Agenda
  18. 18. Shunglu Committee In Dec 2011, a High Level Panel headed by V.K Shunglu recommended following key corrective actions: • No write-offs, repayment period can be elongated • State Govt not to be let-off the hook • Suo-Motu tariff determination • Cost reflective tariffs • Increase in Power Purchase cost to be passed immediately • SERC to act independently • SERCs to be evaluated for their performance • No mis-use of Sec 108 by State Govt • Support to Discoms for T&D reduction Confidential Slide 18
  19. 19. Chaturvedi Committee In Nov 2010, task force under B K Chaturvedi was formed to develop a framework for private participation in Distribution by way of PPP:  Forward Path  Franchisee or Privatisation Model would not deliver desired outcomes  Well formulated PPP model in DISCOM is the way forward  Wire & Supply Segregation is highly desirable  Concession  Concessionaire required to obtain a license to comply with EA 2003  Concession period - 25 Yrs  Ownership of Assets with Govt, Concessionaire exclusive rights to use  No Govt shareholding except “Golden Share” for public policy matters  Principles for determination of termination payment (after expiry of concession period) to be specified upfront  Tariff  Govt can provide existing subsidy to prevent tariff shock for initial years  Supply tariff will include cost of electricity and a predetermined margin  Pre-determined system of incentives / penalties based on the KPIs  Trajectory of AT&C loss reduction to be part of bid, Over or Under performance to be borne by Concessionaire Confidential Slide 19
  20. 20. ATE Directives In Nov’11 ATE suo-motu issued the following directions : • SERCs to ensure APR, true-up of past expenses, ARR & tariff determination to be conducted year on year as per regulations • SERC’s to decided the Tariffs before 1st Apr of the tariff year • In case of delay, SERC can suo-motu proceed for tariff determination • Regulatory Assets should not be created as a matter of course • Recovery of RA should be time bound and within a period not exceeding three years and preferably within control period • Carrying cost of RA to be allowed to the utilities in ARR • Fuel & Power Purchase cost adjustment should be done preferably monthly but in no case exceeding a Quarter Confidential Slide 20
  21. 21. Lavasa Committee In Oct 2012, Ashok Lavasa committee prepared the following FRP for all loss making Discoms: Financial Restructuring Plan: • 50% of the outstanding short term liabilities upto 31/03/12 to be serviced by State Govt by issuance of bonds to participating lenders. • Balance 50% short term loans & payables for power purchase to be rescheduled & serviced by the Discoms with a moratorium of 3 yrs & to be repaid in 5 yrs thereafter duly backed by a State Govt guarantee •The State Govt will eliminate the gap between ACS & ARR within the period of moratorium of the bonds issued by the State Govt Strategy for Discom turanround: •Regular Tariff Hike •Increase in Quantum of Power Sold •Rescheduling/ restructuring of existing loans •Continued short term lending by banks/financial institutions •Availability of surplus tradable power after a few years FRP package would cost Rs 1.9 Trillion Confidential Slide 21
  22. 22. Flow Of Presentation Reliance Energy- Overview Last 10 Years performance Improvement Areas EA 2003 Amendments Confidential Slide 22 EA 2003 Agenda
  23. 23. Need s for EA 2003 Amendments • Creation of Regulatory Assets should not be allowed • Tariffs to be revised every yr, suo-moto determination by SERC • Open Access encouraged • Wire & Retail Separation Confidential Slide 23 Sustainability Accountability Competition Access • SERCs to be more accountable • State Government to use sec 108 powers only in exceptional situations • 24 X 7 supply in rural areas for all domestic purposes • Build proper infrastructure, financed by REC, considering 1 KW / house in rural
  24. 24. Needs of Administrative Changes: • Existing expectations of EA2003 and Policies should be implemented/enforced by Regulators •EA 2003 should lay down framework for SERCs for uniformity in implementation •All SERCs should be aligned to such Framework through Model documents prepared by FOR (Forum of Regulators) Confidential Slide
  25. 25. Thank You
  26. 26. Increasing State Subsidy • Cumulative subsidies booked between 2003-11 : Rs 1.75 Tr • Cumulative subsidies recd between 2003-11 : Rs 1.30 Tr • Avg State support to power sector in 2011 : 1.3% of State GDP Confidential Slide Source : Khurana & Banerjee 2013, WB Report 2014 26
  27. 27. Impact of Power Purchase Cost 56% 74% • Share of Power Purchase Cost increased from 56% to 74% • Share of fuel cost on total Generation cost is ~80% • Increase mainly due to – extreme shortfall in coal, leading to use of imported coal and higher short term power purchases Confidential Slide 27 Source : Khurana & Banerjee 2013, Referred in WB Report 2014
  28. 28. Cross Subsidy in tariffs • Industrial Tariff is highest in 18 States • Commercial Tariff is highest in 11 States • Domestic Tariff is the lowest in all States - State Subsidy & Cross Subsidy Confidential Slide Source : WB Report 2014 28

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