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The Noida Power tariff order dated 2 July тАФ effective 13 July тАФ is a study in regulatory patience. UPERC approves an FY 2026-27 ARR of Rs 3,511.33 crore against projected revenue of Rs 3,192.04 crore at current tariffs including the 10% regulatory discount, an estimated in-year gap of Rs 319.29 crore тАФ and keeps the discount intact.
The commission's cover is the past, not the year ahead. Its 17 June order implementing APTEL's November 2025 judgment recalculated NPCL's position to a Rs 593.81 crore regulatory surplus at end-FY24; carried forward, the cumulative position still shows a Rs 73.34 crore surplus at end-FY26 on the commission's computation тАФ against NPCL's claimed Rs 629.37 crore gap for the same period.
"Since these are forecasted values only and there is regulatory surplus outstanding," the order says, no change to the discount now, with review once FY27 actuals land. Elsewhere, the commission records that fixed costs are 46% of NPCL's ARR while fixed charges recover only about 14% тАФ a 32-point structural mismatch it names and leaves for another day.
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Noida News Bulletin: рдЕрдЧрд▓реЗ рдорд╣реАрдиреЗ рддрдХ рд░рд╣реЗрдЧрд╛ рдЯреНрд░реИрдлрд┐рдХ рдбрд╛рдпрд╡рд░реНрд╕рди, рдЗрд╕ рд░реВрдЯ рд╕реЗ рдирд╛ рдЬрд╛рдП рдЧрд╛рдЬрд┐рдпрд╛рдмрд╛рдж
Noida News Bulletin: рдЕрдЧрд▓реЗ рдорд╣реАрдиреЗ рддрдХ рд░рд╣реЗрдЧрд╛ рдЯреНрд░реИрдлрд┐рдХ рдбрд╛рдпрд╡рд░реНрд╕рди, рдЗрд╕ рд░реВрдЯ рд╕реЗ рдирд╛ рдЬрд╛рдП┬ардЧрд╛рдЬрд┐рдпрд╛рдмрд╛рдж
1. рдиреЛрдПрдбрд╛ рд╕реЗ рдЕрдЧрд░ рдЖрдк рдЧрд╛рдЬрд┐рдпрд╛рдмрд╛рдж рдХреА рддрд░рдл рдЖрдирд╛ рдЬрд╛рдирд╛ рдЪрд╛рд╣рддреЗ рд╣реИрдВ рддреЛ 10 рдирд╡рдВрдмрд░ рддрдХ рдЖрдкрдХреЗ рд▓рд┐рдП рдкрд░реЗрд╢рд╛рдиреА рд╣реЛ рд╕рдХрддреА рд╣реИ. рдЧрд╛рдЬрд┐рдпрд╛рдмрд╛рдж рд╕реЗ рджрд┐рд▓реНрд▓реА рдиреЛрдПрдбрд╛ рдЬрд╛рдиреЗ рд╡рд╛рд▓реА рддрд┐рдЧрдбрд╝реА рдЕрдВрдбрд░рдкрд╛рд╕ рдЬрд╛рдиреЗ рдорд╛рд░реНрдЧ рдкрд░ рдирд┐рд░реНрдорд╛рдгрд╛рдзреАрди рдХрд╛рд░реНрдп рдЪрд▓рдиреЗ рд╡рд╛рд▓рд╛ рд╣реИ рдЗрд╕рд▓рд┐рдП рдпрд╣ рдбрд╛рдпрд╡рд░реНрд╕рди рд░рд╣реЗрдЧрд╛. рдЗрд╕рдХреА рдЬрд╛рдирдХрд╛рд░реА рдиреЛрдПрдбрд╛ рдЯреНрд░реИрдлрд┐рдХ рдкреБрд▓рд┐рд╕ рдиреЗ рдордВрдЧрд▓рд╡рд╛рд░ рдХреЛ рджреА рд╣реИ. рдбреАрд╕реАрдкреА рдЯреНрд░реИрдлрд┐рдХ┬а рдЧрдгреЗрд╢ рдкреНрд░рд╕рд╛рдж рд╕рд╛рд╣рд╛ рдиреЗ рдХрд╣рд╛ рдХрд┐ рдпрд╣ рд░реЛрдб 20 рдЕрдХреНрдЯреВрдмрд░ рд╕реЗ 10 рдирд╡рдВрдмрд░ рддрдХ рдмрд╛рдзрд┐рдд рд░рд╣реЗрдЧрд╛. рдЗрд╕рдХреЗ рдмрджрд▓реЗ рд▓реЛрдЧ рдХрд┐рд╕рд╛рди рдЪреМрдХ рд╕реЗ рдПрдХ рдореВрд░реНрддрд┐тАж
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