JSW Energy Requests MERC to Intervene in Tariff Dispute Affecting Ratnagiri Power Supply

JSW Energy Ltd. plans to file a petition with the Maharashtra Electricity Regulatory Commission (MERC) to resolve a dispute over the tariff for power supplied from its Ratnagiri unit. The company claims that it is owed a certain tariff under a power purchase agreement (PPA) with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for the supply of 300 MW of power. However, MSEDCL is paying the invoices at a tariff set by the Centre in May 2022, which was issued under the Electricity Act 2003. The company believes that this tariff is lower than the one agreed upon in the PPA. The MERC had previously ruled that the Centre’s direction would not apply to JSW Energy’s Unit-1. The company is seeking the adjudication of the dispute by the MERC to determine the correct tariff.