Appellate Tribunal for Electricity allows NPCL’s Tariff Appeals and clarifies key principles for tariff determination

Khaitan & Co represented Noida Power Company Ltd before the Appellate Tribunal for Electricity in its tariff appeals for FY 2018–19 (truing-up) and 2020–21 (ARR), securing a favourable impact of INR 300 – 400 crores. 

The Tribunal set aside findings of the UPERC tariff order and provided clarifications on various tariff principles and components, including, O&M costs, GST, financing cost of delayed payment surcharge, treasury income and non-tariff income.