The Bihar Gazette

regulations · 2003 · Bihar

Download PDF Parent Act Back to Subordinates

Parent: The ELECTRICITY ACT, 2003 (2606b95dae11d9802fbbcf6324150adbcd1faa51)

Text

The Bihar Gazette E X T R A O R D I N A R Y PUBLISHED BY AUTHORITY 13 AGRAHAYAN 1929 (S) (NO. PATNA 1072) PATNA, TUESDAY, 4TH DECEMBER 2007 BIHAR ELECTRICITY REGULATORY COMMISSION REGULATIONS FOR GRANT OF TRADING LICENCE FOR INTRA-STATE ELECTRICITY TRADING IN THE STATE OF BIHAR NOTIFICATION The 4th December 2007 Notification No. 9/2007–No.BERC-Reg.-1/2007– In exercise of the powers conferred under section 181 read with section 52 of the Electricity Act, 2003 (36 of 2003) and all other powers enabling it in that behalf, the Bihar Electricity Regulatory Commission hereby makes the following Regulations for grant of licence for intra-state trading in Electricity, the duties and responsibilities of electricity trader and other related matters: Chapter – 1 General 1. Short title, extent and commencement (i) These Regulations shall be called " the Bihar Electricity Regulatory Commission (Licencing for Intra-State Trading in electricity) Regulations, 2007." (ii) These Regulations shall be applicable to any person engaged in intra-state trading in electricity within the territory of the State of Bihar. (iii) These regulations shall come into force from the date of publication in the Official Gazette of the State. 2. Definitions and interpretation: (i) In these Regulations, unless the context otherwise requires (a) 'Act' means the Electricity Act 2003, (36 of 2003) (b) 'Agreement' means agreements(s) entered into by the Electricity Trader with the seller of electricity, buyer of electricity, other licensees etc, which enables trading transactions to take place. (c) 'Annual accounts' means the accounts of a trading licensee prepared in accordance with the provisions of the Companies Act, 1956 and / or in such manner as the Commission may direct in terms of provisions of the Act. 

Rule TOC

13 · AGRAHAYAN 1929 (S)

1 · Short title, extent and commencement

2 · Definitions and interpretation:

3 · Requirements of an Electricity Trader

4 · Capital adequacy and credit worthiness to qualify as a trader

5 · Intra – State Trading by Deemed Licensee

6 · Procedure for grant of licence for intra – state trading

7 · Obtaining additional information

8 · Publication of notice of application

9 · Objections:

10 · Grant of Licence:

11 · Refusal to grant a licence

12 · Term of the licence:

13 · Compliances with Acts, Rules, Regulations etc

14 · Licence fee

15 · Acts which a Licensee (s) shall not undertake

30 · days of the receipt of such application, accord required permission subject to the terms and conditions as it deems necessary or reject the application for the reasons to be recorded in writing in support of such rejection.

16 · Amendment, alteration etc to a Licence

17 · Revocation of Licence

18 · Settlement of Disputes and Arbitration

19 · Powers of Licensee

20 · Review:

21 · Enforcement of order passed by the Commission

22 · Service and publication of notice

23 · Duties relating to trading transactions

24 · Duties relating to supply to customers

25 · Technical resources, Capital adequacy and Creditworthiness

26 · Payment of Annual Licence Fee

29 · Prohibitions

30 · Contravention of terms and conditions of licence

32 · Dispute resolution

33 · Issue of orders and practice directions

34 · Power to remove difficulties

35 · Power to amend

1 · Previous Experience (Past 5 years details for Related Business)

2 · Details of Proposed Trading Activity (Business for which licence is sought)

3 · Qualifications and Expertise (Personnel)

4 · Revenue Potential (Business for which licence is sought)

5 · Financial Soundness (Other Subsidiary Business Units)

6 · Baseline Information (Business for which licence is sought)

3 · TERM OF THE LICENCE

4 · COMPLIANCE WITH LAWS, RULES AND REGULATIONS

5 · DUTIES OF THE TRADING LICENSEE

6 · ACCOUNTS

7 · PROVISION OF INFORMATION TO THE COMMISSION

8 · CAPITAL ADEQUACY, CREDIT WORTHINESS NORMS TO BE MAINTAINED

9 · PAYMENT OF LICENCE FEES

10 · AMENDMENT OF LICENCE CONDITIONS

11 · SETTLEMENT OF DISPUTES

12 · TARIFF, TRADING MARGINS AND EXPECTED REVENUE CALCULATION

13 · COMPLIANCE AND SUBMISSION OF INFORMATION TO STATE LOAD DESPATCH CENTRE & CENTRAL ELECTRICITY AUTHORITY

14 · PRUDENTIAL REPORTING

15 · COMMUNICATION

16 · INTRODUCTION OF COMPETITION IN TRADING

17 · APPLICATION OF THE GENERAL CONDITIONS TO DEEMED LICENSEES