CERC Declines To Step in For Change In Law Petition From Mahindra Renewables Updated On Wed, Dec 8th, 2021 by Saurenergy In a recent judgement, the Central Electricity Regulatory Commission (CERC) rejected Mahindra Renewables Private Limited’s arguments in its petition regarding Change of Law (CIL) rules with respect to a power purchase agreement (PPA) signed with Solar Energy Corporation of India Limited (SECI) in December 2018. Mahindra Renewables petitioned CERC, seeking that the imposition of safeguard duty on […] Read more
CERC Grants Trading License to Renew Energy Updated On Tue, Nov 30th, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) has granted ReNew Energy Markets Private Limited’s (formerly known as Renew Vayu Power Private Limited) request to be granted Category `IV` Trading Licence, which permits the inter-state trading of maximum 2,000 MUs of electricity in one financial year across the nation. The application from Renew […] Read more
CERC Favors Mahindra Renewables in Dispute With MPPMCL and DMRC Updated On Mon, Nov 15th, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently gave a judgement in favour of Mahindra Renewables Private Limited, accepting most of its pleas for compensation from M.P. Power Management Company Limited (MPPMCL) and Delhi Metro Rail Corporation (DMRC) on account of a ‘Change in Law’ event in the power purchase agreement (PPA) executed among the three […] Read more
CERC Provides Relief To Tata Power In Dispute With PGCIL Over Open Access Updated On Fri, Nov 12th, 2021 by Saurenergy In a recent judgement concerning transnational electricity trade between India and Bhutan, the Central Electricity Regulatory Commission (CERC) granted the petition of Tata Power Trading Company Limited (TPTCL), requesting that its power purchase agreement (PPA) with Dagachhu Hydro Power Corporation (DHPC) be considered under the Ministry of Power’s (MoP) guidelines and the Cross Border Trade […] Read more
Key APTEL Order Overturns CERC On REC Pricing Updated On Thu, Nov 11th, 2021 by Saurenergy In an order that will have a major impact on the return of REC trading and pricing, the Appellate Tribunal For Electricity (APTEL) has set aside the order of the Central Electricity Regulatory Commission (CERC) with regards to pricing of REC’s. The root of the issue was the decision by CERC to set the floor […] Read more
CERC Refuses to Intervene in SB Energy’s PPA/PSA with NTPC & PSPCL Updated On Wed, Nov 3rd, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) turned down SB Energy’s plea to direct NTPC Ltd. and Punjab State Power Corporation Limited (PSPCL) to neither terminate the PPA and PSA signed between the parties nor undertake any coercive action, such as invocation of the performance bank guarantee, and to extend timelines for Condition […] Read more
Power Trading Gets a Fillip With SC Judgement On CERC, SEBI Jurisdiction On Electricity Contracts Updated On Thu, Oct 7th, 2021 by Saurenergy A key power sector reform which was held up due to the jurisdiction issues between SEBI and CERC has finally been resolved. On 06.10.2021, the long pending matter between SEBI and CERC regarding regulatory jurisdiction of Electricity Derivatives has finally got resolved with the Hon’ble Supreme Court favorably disposing of the matter in terms of […] Read more
CERC Adopts Rs. 2.63/kWh Tariff for 300 MW Solar Project Updated On Thu, Sep 9th, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) has accepted NTPC Limited’s petition to adopt the tariff of Rs. 2.63/kWh and a trade margin of Rs. 0.07/kWh for a 300 MW solar project. In 2019, NTPC (formerly National Thermal Power Corporation Limited) had issued a request for selection (RfS) for setting up 1,200 […] Read more
CERC Rejects Phelan Energy’s Prayer to Review Old Order by SECI Updated On Wed, Sep 1st, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) has rejected the review petition of solar developer Phelan Energy India RJ Pvt. Limited, which was filed in relation to an order passed by the Solar Energy Corporation of India Limited (SECI) in 2019. Phelan Energy stated before CERC that in an order passed in October, 2019, SECI had […] Read more
