Author: PPD Team Date: 20/03/2025
CERC grants Category V trading license to Sunsure Power Markets
The Central Electricity Regulatory Commission (CERC) has approved Sunsure Power Markets Private Limited’s petition for a Category V license for inter-state electricity trading across all states and union territories in India. The approval is in accordance with the CERC (Procedure, Terms and Conditions for Grant of Trading Licence and Other Related Matters) Regulations, 2020, as amended.
CERC noted that Sunsure Power Markets meets the legal and regulatory requirements for an inter-state trading license. The commission has directed that the company be issued a Category V trading license, subject to compliance with the following conditions:
- The licensee must adhere to all applicable laws, rules, and CERC regulations.
- The licensee cannot engage in electricity transmission for the duration of the license (25 years).
- Trading margins must comply with CERC’s Trading Licence Regulations.
- The company must continue to meet the qualifications and conditions specified in the Trading Licence Regulations.
Petition No: 150/TD/2025 | Read the full order here.
CERC approves HPX’s petition for appointment of Independent Director
The Central Electricity Regulatory Commission (CERC) has approved Hindustan Power Exchange Limited’s (HPX) petition seeking approval for the appointment of an Independent Director on its Board.
CERC reviewed HPX’s proposal under the Power Market Regulations and noted that there is currently one vacant position for an Independent Director. The commission examined the profiles of Mr. Kandikuppa Sreekant (DIN: 06615674) and Mr. Kuljit Singh Popli (DIN: 01976135) and confirmed that they meet the necessary requirements. HPX also assured that neither candidate has a fiduciary relationship with existing shareholders or members of HPX.
Accordingly, CERC has approved HPX’s proposal, allowing its Board to appoint either of the proposed candidates as an Independent Director and notify the commission of the final selection.
Petition No: 291/RC/2024 | Read the full order here.
For more regulatory updates, read the latest orders covered on Power Peak Digest: Energy Regulatory Updates – Power Peak Digest
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