Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC
Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC
Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC
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EMPn = (EMPn-1) x (1+Gn) x (CPIinflation)Where -EMPn-1 – Employee Costs <strong>for</strong> the (n-1)th year;PETITION FOR TRUE-UP OF <strong>FY</strong> 2004 TO <strong>FY</strong> 2011-12 &MYT PETITION FOR THE CONTROL PERIOD <strong>FY</strong> <strong>2013</strong>-<strong>14</strong> TO <strong>FY</strong> <strong>2015</strong>-<strong>16</strong>CPIinflation – is the average increase in the Consumer Price Index (CPI) <strong>for</strong> immediately preceding threeyears;Gn is a growth fac<strong>to</strong>r <strong>for</strong> the nth year. Value of Gn shall be determined by the Commission in the MYTtariff order <strong>for</strong> meeting the additional manpower requirement based on Transmission Licensee‟s filings,benchmarking and any other fac<strong>to</strong>r that the Commission feels appropriate:The table below provides the Consumer Price Indices <strong>for</strong> the past few years.Table 35: Consumer Price Indices<strong>Year</strong> Jan Feb Mar April May June July August Sept Oct Nov Dec Average2006 119 119 119 120 121 123 124 124 125 127 127 127 122.92007 127 128 127 128 129 130 132 133 133 134 134 134 130.82008 134 135 137 138 139 <strong>14</strong>0 <strong>14</strong>3 <strong>14</strong>5 <strong>14</strong>6 <strong>14</strong>8 <strong>14</strong>8 <strong>14</strong>7 <strong>14</strong>1.72009 <strong>14</strong>8 <strong>14</strong>8 <strong>14</strong>8 150 151 153 <strong>16</strong>0 <strong>16</strong>2 <strong>16</strong>3 <strong>16</strong>5 <strong>16</strong>8 <strong>16</strong>9 157.12010 172 170 170 170 172 174 178 178 179 181 182 185 175.92011 188 185 185 186 187 189 193 194 197 198 199 197 191.52012 198 199 201 205Source: www.labourbureau.nic.in; Base 2001= 100 (New Series)The average increase in the CPI indices <strong>for</strong> immediately preceding three years is 10.58%. Further thePTCUL has prepared elaborate additional employee recruitment projections <strong>for</strong> the plan period. It hasprojected that the net additions <strong>to</strong> the employee work <strong>for</strong>ce would be 383 employees in <strong>FY</strong> <strong>2013</strong>-<strong>14</strong>, 72employees in <strong>FY</strong> 20<strong>14</strong>-15 and 105 employees in <strong>FY</strong> <strong>2015</strong>-<strong>16</strong>.The projected cost of additional manpower would be Rs. <strong>14</strong>.62 Crore in <strong>FY</strong> <strong>2013</strong>-<strong>14</strong>, Rs. 2.29 Crore in <strong>FY</strong>20<strong>14</strong>-15 and Rs. 3.37 Crore in <strong>FY</strong> <strong>2015</strong>-<strong>16</strong>. Considering the above, the projected employee expenses inthe control period are provided below:Table 36: Projected Employee Expenses in the Control Period (Figures in Rs. Crores)Particulars <strong>2013</strong>-<strong>14</strong> 20<strong>14</strong>-15 <strong>2015</strong>-<strong>16</strong>Projected Employee Expenses 79.11 89.78 102.654.2.10 REPAIR AND MAINTENANCE EXPENSESThe tariff regulations provide that the repair and maintenance expenses shall be computed in the mannerspecified below:R&Mn = K x (GFAn-1) x (WPIinflation)Where -Power Transmission Corporation of Uttarakhand Ltd. Page 37
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