2.2 This Regulation will not apply to
(i) Stand-alone generators, bulk consumers and captive users.
Provided, that the stand-alone generators or any generating stations covered under Section 63 and excursing as Ancillary. services who avail services· of SLDC for scheduling, energy metering or accounting for the purpose of supply of its power to a licensee and/or consumers or Renewable Energy Certificates or any other such purposes as may be · mandated by the Commission from time to time shall be required to pay fee & charges as specified under this Regulation.
(ii) Generating Stations and Transmission System whose tariff has been discovered through a transparent process of competitive bidding in accordance with the competitive bidding guidelines notified by the Central Government and adopted by the Commission under Section 63 of the Act after prudence check.
3. Addition of Clause 3.l0A - The following Clause shall be added after Clause
3.10 of the Principal Regulations namely:
3.lOA "base rate of Late Payment Surcharge" means the marginal cost of funds based on lending rate for one year of the State Bank of Indi·a, as applicable on the 1st April of the financial year in which the period lies, plus five percent 452 (10) and in the absence of marginal cost of funds based lending rate, any other arrangement that · substitutes it, which the Central Government may, by notification, in the Official Gazette, specify:
Provided that if the period of default lies in two or more financial years, the base rate of Late Payment Surcharge shall be calculated separately for the periods falling in different years ;