CERC

CERC Grants Relief To Wind Energy Firm Against GST Rate Hike

The Central Electricity Regulatory Commission (CERC) in its latest order granted partial relief to Morjar Windfarm Development. The order from CERC came to the fore when the petitioner moved the central agency for its intervention. The Wind Energy, in its petition, asked the CERC to consider the change in GST rates as a ‘change of […]

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Green Stocks Jan 6: Green Stocks Roll Over as Broader Market Slumps

In possibly one of the toughest market days in the past 12 months, all green energy stocks in our basket faced pressure today, with most coming out badly from the selling spree. With a majority belonging to the small-cap and mid-cap space, which was particularly hard hit, the damage is all too visible. And so […]

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CERC Gives Jolt To Shirdi Sai Electricals Over Bank Guarantee Row

The Central Electricity Regulatory Commission (CERC), in its latest judgment, has rejected Indosol Solar’s plea for immunity from furnishing a connectivity bank guarantee. Indosol Solar is a Special Purpose Vehicle (SPV) of Shirdi Sai Electricals. Shirdi Sai Electricals is one of the winners of India’s Production-Linked Incentives (PLI). The central electricity regulator issued the order […]

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SECI Proposes, CERC Disposes- JSW Energy’s 500 MW BESS Tender In Trouble

In a blow to JSW Energy’s BESS plans, the tender it won for SECI’s 500 MW/1000 MWh standalone battery energy storage systems has failed to pass muster with CERC. On plea to adopt the tariffs for the said tender, won by JSW Energy at Rs 10.88/unit after due process, the CERC pointed to the inexplicably […]

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CERC Lays Down Process For Scheduling of Infirm RE Power After COD

The Central Electricity Regulatory Commission (CERC) published the Indian Electricity Grid Code (IEGC) Regulations, 2023, which came into effect on October 1, 2023. Amendments and orders have been issued to address difficulties in implementing certain provisions. The commission has the power to issue Removal of Difficulties order where it feels the intent of the rules […]

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CERC To Acme Solar-Complete 300 MW Solar Project After Paying Penalty

Ruling on a case involving Acme Solar and Central Transmission Utility of India (CTUIL), the Central Electricity Regulatory Commission (CERC) has allowed Acme Solar an extension on its delayed project in Rajasthan, with the provision of more damages in case it does not deliver a phased commissioning under the new deadlines. Petition Overview: ACME Solar […]

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SECI’s Plea For Extra Trading Margin In BESS Deal Fails To Cut Ice With CERC

In an interesting take on what constitutes fair margins, the Central Electricity Regulatory Commission (CERC) considered a plea by SECI on an additional margin of Rs. 0.07/kWh for facilitating the sale/ purchase, scheduling, accounting, charging, and discharging of BESS for Grid Ancillary Services (150 MW) portion through IDAM/ RTM/TAM/Bilateral mode on behalf of the National […]

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CERC Proposes New Regulations On Carbon Credit Trading

The Central Electricity Regulatory Commission (CERC) has proposed new rules for trading carbon credits in India, aiming to create a straightforward and controlled marketplace. These draft regulations, titled “Central Electricity Regulatory Commission (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024,” provide a framework for companies and organizations to buy and […]

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Five Takeaways From CERC’s Short-Term Power Market Report

The Central Electricity Regulatory Commission (CERC) has published its annual report on the short-term electricity market for 2023-24. The report sheds light on the growth of the short-term market in the country, the rise of power transactions through power exchanges, and other topics. Following are the five main takeaways from the report- Short-term market is […]

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