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CERC amends deviation settlement regulations for solar projects

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The Central Electricity Regulatory Commission (CERC) has issued the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024.  The amendment addresses implementation challenges and refines operational procedures for solar projects. Under the updated guidelines, solar projects must conduct trial runs with a minimum capacity of 50 megawatts (MW). Projects exceeding 50 MW can complete trial runs in up to four instalments. For projects with a capacity of 250 MW or more, trial runs…

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CERC proposes framework for carbon credit certificate trading

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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…