The Gujarat Electricity Regulatory Commission (GERC) on September 24, 2026, issued corrigendum in the Gujarat Electricity Regulatory Commission (Terms and Conditions for Green Energy Open Access) (Sixth Amendment) Regulations, 2026 notified vide Notification No. 07 of 2026 dated 19th August, 2026.
The following corrections are hereby made in the English version of the aforesaid Gazette:
• In page 461-3, in the second paragraph of the introductory section of Annexure-I describing the methodology, for the words “the ratio of aggregate net revenue impact on the Distribution Licensee”, the words “the ratio of aggregate net banking cost impact on the Distribution Licensee” shall be read and substituted.
• In page 461-7, in the title of the table appearing under Step 3, for the words “Formulae for Computing Cost, Revenue, and Net Revenue for Each 15-Minute Slot”, the words “Formulae for Computing Cost, Revenue, and Net Banking Cost for Each 15-Minute Slot” shall be read and substituted.
• In page 461-8, in the Explanation appearing under Step 3, in clause (a) relating to Scenario 1A, for the words “For peak periods, net revenue includes IEX sale proceeds plus the value of internally used banked energy ….. For offpeak periods revenue includes IEX sale proceeds plus value of surplus energy .…. cost of the Marginal Generating Station(s).”, the words “For peak periods, the Net Banking Cost includes IEX sale proceeds plus the value of internally used banked energy ….. For off-peak periods, the Net Banking Cost includes IEX sale proceeds plus value of surplus energy …..cost of the Marginal Generating Station(s).” shall be read and substituted.
• In page 461-8, in the Explanation appearing under Step 3, in clause (b) relating to Scenario 1B, for the words “For peak periods, revenue is the value of surplus energy ….. For off-peak periods, revenue is the value of surplus energy ….. cost of the Marginal Generating Station(s).”, the words “For peak periods, the Net Banking Cost is the value of surplus energy ….. For off-peak periods, the Net Banking Cost is the value of surplus energy ….. cost of the Marginal Generating Station(s).” shall be read and substituted.
• In page 461-9, in the sentence appearing immediately after the explanation of Scenario 2B, for the words “For each 15-minute slot, Net Revenue (S_s) is calculated as Revenue (R_s) minus Cost (Q_s) for that slot”, the words “For each 15-minute slot, Net Banking Cost (S_s) is calculated as Revenue (R_s) minus Cost (Q_s) for that slot” shall be read and substituted.
• In page 461-10, in the opening sentence of Step 4 (Computation of Banking Charges for the Billing Period), for the words “Aggregate the net surplus energy and net revenue computed in Step 2 and Step 3 respectively”, the words “Aggregate the net surplus energy and net banking cost computed in Step 2 and Step 3 respectively” shall be read and substituted.
• In page 461-10, in the table titled “Computation of Banking Charges for One Banking Period (Calendar Month)” appearing under Step 4, in the row relating to “Aggregate Net Banking Cost (ANB)”, for the formula “ANB = Sum(s=1 to S) {Sum(R_s) – Sum(Q_s)}”, the formula “ANB = Sum(s=1 to S) {Net Banking Cost (S_s)}” shall be read and substituted.
• In page 461-10, in the line appearing immediately below the table for Computation of Banking Charges, for the words “Banking Charges (BC) = Aggregate Net Revenue (ANB) / Total Banked Energy (TBE)”, the words “Banking Charges (BC) = Aggregate Net Banking Cost (ANB) / Total Banked Energy (TBE)” shall be read and substituted.
[Notification No. GERC/2026/08/Tariff/1962]
