Power Sector Check - Tariff Regulation FY24-FY29, A Benign Regime: ICICI Securities

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Central Electricity Regulatory Commission has finalised the tariff regulations for FY24-FY29. The regulator has largely maintained the return on equity for existing thermal, hydro and transmission assets while incentivising new hydro assets with 17% return on equity and reduced the RoE for new transmission assets to 15%. There are no material changes in the final order versus the draft order, except a few: Thermal – incentive of Rs 0.55/unit for off peak (versus 50p/unit for off – peak earlier). Transmission – minor changes in operation and maintenance expenses. Hydro – relaxed normative availability norms for certain plants. The new regulations are beneficial for thermal gencos owing to higher renovation and maintenance cost, higher incentive for off-peak supply, and hydro gencos for higher RoE on new assets, but slightly negative for NLC TPS-II as normative plant availability factor has been increased to 70% (versus 50% in draft)..Click on the attachment to read the full report:.Micro Finance Sector Continues To Be Resilient With Stable Collections: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Power Sector Check - Tariff Regulation FY24-FY29, A Benign Regime: ICICI Securities

No material changes in final order compared to draft order

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Power Sector Check - Tariff Regulation FY24-FY29, A Benign Regime: ICICI Securities

No material changes in final order compared to draft order

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