(1) The Commission shall adopt multiyear tariff framework for determination of tariff for each year of the control period.
(2) The multiyear tariff framework shall be based on the following: -
(a) Business plan (with plant-wise details) for the entire control period, which the applicant shall submit to the Commission for approval, prior to the beginning of the control period;
(b) Forecast of expected tariff for sale of power which shall be submitted by the generating company (plant-wise) for each year of the control period, 1 Sub. vide Not. No. HPERC-F(1)-2/2018 dated 22 nd November, 2018 published in the R.H.P. 27 th November, 2018 at p. 6249-6255.
8 Compendium of HPERC Regulations, March 2021 based on reasonable assumptions of the underlying financial and operational parameters, as submitted in the business plan;
(c) Trajectory for specific parameters, stipulated by the Commission, where the performance of the applicant is sought to be improved through incentives and disincentives;