CERC releases draft guidelines for Virtual Power Purchase Agreements
The Central Electricity Regulatory Commission (CERC) has issued draft guidelines for Virtual Power Purchase Agreements (VPPAs). These agreements are designed to help large electricity consumers meet renewable energy targets without taking physical delivery of power. VPPAs are a type of bilateral, non-tradable, non-transferable contract between a consumer or designated consumer and a renewable energy (RE) generator. The consumer pays a fixed VPPA price to the generator, who then sells power through exchanges or other authorised…