The last MYT regulations were for the period 2007-2011, but this was also extended till March 31, 2012. "In 2012, new regulations for multi-year tariff fixation w ere framed which was intended for the period 2012-2015. These regulations were supposed to be till March 31, 2015, but we have proposed to extend it till 2016. In this manner, the present regulations can cover tariffs for 2015-16 as well," said a senior DERC official.
Claiming that framing MYT regulations was a time-consuming process, officials said that the focus was to get started on the process for next year's tariff at the earliest. The process usually starts by end of the year when discoms submit their average revenue requirement petitions .
The MYT regulations lay down guidelines for tariff petitions, including clauses like O&M expenses, true up costs, etc. "The regulations are guidelines which discoms have to follow when they submit their tariff petitions asking for a revision. The Act specifies that MYT regulations can be for a period up to five years, after which state commissions are expected to frame new regulations," said an official.
http://timesofindia.indiatimes.com/followceleb.cms?alias=tariff rules,Delhi Electricity Regulatory Commission
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