CERC Grants Extra Time For Power Exchanges For Settlements Updated On Mon, Aug 14th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, extended the time period to one year for the power exchanges to carry out the Clearing and Settlement as per the Payment and Settlement Systems Act (PSSA), 2007. As per CERC (Power Market) Regulations 2021, these power exchanges that were granted registration by the Commission before […] Read more
Two Solar Firms To Get Compensations Due to Increased GST Rates Updated On Mon, Jul 17th, 2023 by Saurenergy In its order, the Central Electricity Regulatory Commission (CERC) granted compensation to two renewable energy companies. The central authority granted these compensations on account of ‘Change of Law’ events. Such events included the rise of Operations and Maintenance (O&M) costs of their projects due to the escalation of GST rates and the imposition of increased safeguard duty […] Read more
CERC Grants Additional Time To HPX To Meet Min Net Worth Norm Updated On Mon, Jul 17th, 2023 by Saurenergy The Central Electricity Regulatory Authority (CERC), in its latest order, granted the Hindustan Power Exchange Limited (HPX) additional time to meet the minimum net worth norm. HPX is one of the few operational power exchanges in India. As per the CERC (Power Market) Regulations 2021, these power exchanges are bound to meet the minimum net worth […] Read more
CERC Orders Compensation for Adani Subsidiary Over ‘Change of Law’ Events Updated On Mon, Jul 3rd, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, directed the Solar Energy Corporation of India (SECI) and other related entities concerned to compensate Adani Solar Energy Jodhpur Four Private Limited, a Special Purpose Vehicle (SPV) of Adani Green Energy. The order came to the fore after the SPV moved a petition before the CERC […] Read more
COD Delay Hands Acme Solar A Bigger Transmission Bill, As CERC Rules In Favour of CTUIL Updated On Mon, Jun 26th, 2023 by Saurenergy In a recent order, the Central Electricity Regulatory Comission (CERC) has ruled in favour of CTUIL in a case brought by Acme Solar against the central utility. Acme Solar, in this case pertaining to a 250 MW project of the firm at Bhadla, Rajasthan, has contended that CTUIL (Central Transmission Utility of Indian Limited), was […] Read more
CERC Extends Deadline for ISTS Waivers for RE Projects Updated On Tue, Jun 13th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest suo motu order, allowed an extension of the waiver of Inter-State Transmission System (ISTS) for renewable projects. It implies those wind and solar projects whose generation capacity was declared under commercial operation earlier between February 13, 2018, to December 31, 2022. These projects were given ISTS waivers […] Read more
CERC Declines To Give Relief To Adani Subsidiary SBSR Power Over Delay In Solar Project Updated On Tue, Jun 6th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, has refrained from granting any relief to solar power producer SBSR Power Cleantech Eleven for the delay in the commissioning of its proposed solar power project. SBSR is a subsidiary of Adani Green Energy Limited (AGEL). The firm received a contract from the Solar Energy Corporation […] Read more
CERC Asks SECI to Compensate Developer For BCD On Solar Cells Updated On Mon, Jun 5th, 2023 by Saurenergy The CERC has maintained that ReNew Solar Energy (Jharkhand Three) Private Limited is entitled to compensation on a PPA signed with the Solar Energy Corporation of India Limited (SECI) following the imposition of safeguard duty on solar cells/modules. The firm said that the imposition has resulted in an increase in the rate of Basic Customs […] Read more
CERC Asks Regional Gencos To Be Prepared For Ancillary Services During Peak Demand Updated On Thu, Jun 1st, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, has asked the regional power generating stations under the control of state governments and other power stations to be prepared to render their ancillary services to counter the peak electricity demand. The peak demands are likely to increase with the country’s temperature rise. The central authority […] Read more
