Team Herald
PANJIM: The consumers can breathe a sigh of relief for some time at least as the State power department has reduced the For Fuel and Power Purchase Cost Adjustment formula (FFPCA) for the quarter of July to September 2019.
According to the new rates, for quarter of April to June, 2019 average FFPCA is 19.81 paise/unit which is in the range of Rs 9.34 47.30 paise per unit for various categories. “This FFPCA charges will be applicable for the energy consumption of July to September, 2019,” says the release issued by Electricity Department.
The average FFPCA for the last quarter i.e January to March 19 which was applicable for energy consumption of April to June 2019 was 38.98 paise per unit which was ranging from 14.42 paise to 44.90 paise per unit for various categories.
What is FFPCA?
The Electricity Department Goa is procuring most of its power needs from Central Generating Stations (CGS). The State has to procure also solar and non-solar power to meet renewable power obligation as per the target set by the JERC. In case of shortage of power from CGS, short term power from open market, power from power exchange platforms, over drawl from the grid through DSM to meet the need of the consumers.
This type of power other than regular allotted power. Payment, to these generators as well as transmission licensee, is made on weekly-monthly basis by the department. The coal based generators purchase coal from the domestic or international market, which vary on day to day basis.
To match the payment to be made to the generator/transmission licensee and for the other sources made by the utilities, the JERC allows the department and other UTs under their umbrella to recover the amount paid to the power supplies by way of order dated 28/03/2018 For Fuel and Power Purchase Cost Adjustment formula (FFPCA) in compliance with judgement dated 11/11/2011 in O.P No. 1 and as required to be specified under clause 7(2) of Joint Electricity Regulatory Commission for the State of Goa and UTs.
In each year’s tariff Order, JERC approves power purchase cost per unit and also the applicable category wise and slab wise “k” factor.
Accordingly, every quarterly bulk power purchase cost is computed and anything goes above/below the approved cost has to be recovered/refunded from/to consumers except for LIG and agricultural (LT & HT) consumers in accordance with the terms and conditions specified in FFPCA A Formula JERC Regulations.
