OERC definition
Examples of OERC in a sentence
Any penalty imposed on DISCOM by OERC or any other Government Authority on account of failure of the Distribution Franchisee in compliance shall be borne by the Distribution Franchisee.
The ABR shall be computed on annual basis at the beginning of each Financial Year (1st April - 31st March) and upon revision of Retail Tariff or fuel surcharge rate, as and when ordered by OERC.
Distribution Franchisee shall comply with DISCOM directives issued for compliance of the Laws, Regulations, Orders and Directives of OERC.
The DF shall also procure the additional Letter of Credit within 15 days towards the requirement for increase in the tariff and the applicable Fuel Surcharge Adjustment (FSA) approved by OERC.
DISCOM will have to comply with Section 86(1)(b) of the Electricity Act, 2003 by making necessary applications to OERC for scrutiny and approval even if the power is procured specifically for the Franchisee area.