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CERC proposes framework for carbon credit certificate trading

India, News

The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024.  The regulations aim to establish a structured framework for trading carbon credit certificates (CCCs) on power exchanges, applicable to both obligated and non-obligated entities. Under the draft, the Grid Controller of India will serve as the registry for CCC exchanges, while the Bureau of Energy Efficiency (BEE) will manage CCCs under…

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CERC approves transmission tariff for Sirohi Transmission’s ISTS project

India, News

The Central Electricity Regulatory Commission (CERC) has approved the annual transmission tariff of Rs 2.91 billion for Sirohi Transmission Ltd, a wholly-owned subsidiary of Power Grid Corporation of India Ltd (PGCIL), for its ISTS scheme.  This project, named “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex) Part B,” was awarded to PGCIL under the tariff-based competitive bidding (TBCB) process. During the bidding, PGCIL’s final winning bid…

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CERC amends Indian Electricity Grid Code, tightening regulations for renewable and storage projects

India, News

The Central Electricity Regulatory Commission (CERC) has released the CERC (Indian Electricity Grid Code) (First Amendment) Regulations, 2024, introducing several critical changes aimed at improving grid efficiency and flexibility.  Key amendments include reducing the permissible period for renewable energy and energy storage systems to inject infirm power from one year to 45 days. Extensions of up to three months can be requested from regional load despatch centres, with additional extensions requiring CERC approval. For hydropower…

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CERC releases draft amendment for transmission charges and losses regulations

India, News

The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2024. Key changes include the introduction of definitions for “Tariff Regulations, 2024” and “Terminal Bay.” Amendments to regulation 12 focus on handling transmission deviations for generating stations with dual connectivity to both inter-state and intra-state transmission systems. Regulation 13 proposes waivers for transmission charges for hydro pumped storage projects (PSP), energy storage systems (ESS),…

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CERC issues draft amendment on Deviation Settlement Mechanism for 2024

India, News

The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. According to the draft, the charges for injecting infirm power will be zero, unless scheduled after a trial run as per the Grid Code. In such cases, deviation charges will apply to general or WS sellers. Additionally, if the system frequency exceeds 50.05Hz, any deviation of scheduled infirm power by over-injection will incur zero…

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CERC grants transmission licence to Kallam Transco

India, News

The Central Electricity Regulatory Commission (CERC) has awarded a final transmission licence to Kallam Transco Ltd (KTL), a subsidiary of India Grid Trust (IndiGrid), for developing an Inter-State Transmission System (ISTS) project in Maharashtra. The project, part of the “Western Region Network Expansion Scheme,” was secured under the Tariff-Based Competitive Bidding (TBCB) route. KTL won the contract with an annual transmission tariff of Rs 152.50 million, surpassing bids from Sterlite Power, Torrent Power, and Power…

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CERC moves forward with NERES XVI transmission licence approval

India, News

The Central Electricity Regulatory Commission (CERC) has reviewed the petition by NERES XVI Power Transmission Ltd for granting an interstate transmission licence. In its order, CERC found that NERES XVI meets all necessary conditions for the licence. The commission has directed NERES XVI to issue a public notice seeking comments and suggestions regarding the licence grant. NERES XVI Power Transmission Ltd, a wholly-owned subsidiary of Techno Electric Engineering Company Ltd, was awarded the “Transmission Scheme…

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CERC grants transmission licences to IndiGrid subsidiaries

India, News

The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Dhule Power Transmission Ltd (DPTL), a subsidiary of India Grid Trust (IndiGrid). DPTL is developing the “Transmission system for evacuation of power from Dhule 2GW REZ” on a build, own, operate, and transfer (BOOT) basis. The Rs 6.37 billion project, set for completion by February 2026, includes a new 4×500 MVA, 400/220kV pooling station and a 400kV double-circuit line in Maharashtra. IndiGrid won…

Power Sector News Roundup for November 20, 2024

Power Bytes

Global: Neoen secures 164 MWp in French solar and agrisolar tenders Ocean Winds submits planning application for 2 GW offshore wind farm CHN Energy connects first PV units of 1 GW offshore solar project to grid Kyrgyzstan completes key infrastructure for CASA-1000 electricity project HydrogenPro and J.H.K partner for green hydrogen projects in Europe India: Omega Seiki Mobility to launch hydrogen-powered three-wheelers CERC proposes framework for carbon credit certificate trading Saatvik Green Energy to supply…

India’s short-term power trading market grows 12% in FY24

Data Insights

Power trading in India’s short-term market rose by 12% in FY24, reaching 218.22 billion units (BU) from 194.35 BU in FY23, as reported by the Central Electricity Regulatory Commission (CERC). Short-term transactions, including deviation settlement mechanism (DSM) volumes, consist of contracts under one year, executed bilaterally or through power exchanges, representing 12.5% of the country’s total electricity generation. The remaining 87.5% was sourced through long-term contracts and intra-state transactions by distribution companies. The CERC report…