CERC

India | News | Policy & Programmes

CERC’s proposed deviation rules may impact renewable project profitability
By November 6, 2025November 6, 2025

The Central Electricity Regulatory Commission (CERC) released the draft in September 2025, proposing tighter controls under the Deviation Settlement Mechanism for wind and solar producers. The framework aims to narrow the gap between scheduled and actual generation, with a revised calculation method taking effect in April 2026. The tolerance margin would then decrease each year until 2031, aligning renewable projects with conventional plants in terms of grid discipline. The initiative seeks to improve forecasting and…

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Regulatory Updates

CERC launches probe into GNA Energy after SEBI flags insider trading link
By October 29, 2025October 29, 2025

The Central Electricity Regulatory Commission (CERC) has opened a suo motu investigation into GNA Energy Private Limited (GNAEPL), an operator of an Over-the-Counter (OTC) power trading platform. The move follows findings by the Securities and Exchange Board of India (SEBI) that senior executives of GNAEPL engaged in insider trading using confidential regulatory information. In its order dated 28 October 2025, CERC appointed an Investigating Authority under the Central Electricity Regulatory Commission (Power Market) Regulations, 2021,…

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Regulatory Updates

CERC grants transmission licences for five interstate projects
By October 29, 2025October 29, 2025

The Central Electricity Regulatory Commission (CERC) has approved transmission licences for five interstate transmission projects. The approvals include two projects under the Regulated Tariff Mechanism (RTM) awarded to Power Grid Corporation of India Limited (PGCIL) subsidiaries and three competitive bid projects granted to Adani Energy Solutions Limited, Dineshchandra R. Agrawal Infracon Pvt. Ltd., and another PGCIL subsidiary. On 26 October 2025, CERC granted separate RTM transmission licences to POWERGRID Kurawar Transmission Limited (PKTL) and POWERGRID…

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Regulatory Updates

CERC proposes buyout price under Renewable Consumption Obligation
By October 23, 2025October 23, 2025

The Central Electricity Regulatory Commission (CERC) has initiated a public consultation process to determine the buyout price that obligated entities may pay as an alternative to meeting their Renewable Consumption Obligation (RCO). The move follows the Ministry of Power’s notification introducing the RCO framework, which mandates that distribution licensees, open access consumers, and captive users maintain a minimum share of electricity consumption from renewable sources. Under the new framework, entities can comply with the RCO…

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Regulatory Updates

CERC proposes amendments to REC framework
By September 23, 2025September 23, 2025

The Central Electricity Regulatory Commission (CERC) has released draft amendments to the Renewable Energy Certificate (REC) regulations, marking the first revision since the rules were introduced in December 2022. The draft, published on 22 September 2025, seeks to address stakeholder concerns, update the multiplier system, and introduce provisions for Virtual Power Purchase Agreements (VPPAs). The Commission has invited public comments on the draft until 23 October 2025. Clarifications on eligibility and DISCOM timelines The amendments…

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Regulatory Updates

CERC proposes phased shift in deviation settlement for wind and solar generators
By September 11, 2025September 11, 2025

The Central Electricity Regulatory Commission (CERC) has issued a draft order proposing changes to the way deviations for wind and solar generators are calculated under the Deviation Settlement Mechanism (DSM). The new approach will come into effect from April 1, 2026. The DSM Regulations, 2024, notified last year, already provide for a reduction in tolerance bands. For solar and hybrid projects, the permissible deviation will move from ±10 percent to ±5 percent, and for wind…

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Regulatory Updates

CERC notifies third amendment to ISTS connectivity and GNA rules
By September 2, 2025September 2, 2025

The Central Electricity Regulatory Commission (CERC) issued the Connectivity and General Network Access (GNA) to the inter-State Transmission System (ISTS) (Third Amendment) Regulations, 2025 on 31 August 2025. The amendments revise multiple provisions related to renewable energy generating stations (REGS), hybrid projects, and energy storage systems (ESS). New definitions and classificationsThe amendment introduces several new terms. “Cluster of ISTS substations” refers to groups of substations declared by the Central Transmission Utility (CTU) based on location,…

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India | News

CERC to hold public hearing on draft power market amendment and VPPA guidelines
By August 13, 2025August 13, 2025

The Central Electricity Regulatory Commission (CERC) will hold a public hearing on 18 August 2025 to discuss the Draft Power Market (First Amendment) Regulations, 2025, and the Draft Guidelines for Virtual Power Purchase Agreements (VPPA). According to the public notice issued on 6 August 2025, the hearing will be conducted online. The session on the draft amendment to the Power Market Regulations will begin at 11:00 a.m., followed by the VPPA guidelines discussion at noon….

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Regulatory Updates

CERC sets phased timeline for market coupling rollout starting January 2026
By July 24, 2025July 24, 2025

The Central Electricity Regulatory Commission (CERC) has passed a suo motu order to begin phased implementation of market coupling under the CERC (Power Market) Regulations, 2021. As per the order dated 23 July 2025 (Petition No. 8/SM/2025), the process will start with coupling the Day-Ahead Market (DAM) of power exchanges by January 2026. This decision follows a shadow pilot conducted by Grid Controller of India (Grid-India) between December 2024 and March 2025. The pilot…

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Opinions and Perspective

Electricity Derivatives in India: Interview with Rajendra Abhijeet
By July 15, 2025July 15, 2025

India’s electricity market is undergoing a significant transformation with the introduction of electricity derivatives. In this interview, hosted by Power Peak Digest and published on the YouTube channel Electricity Market in India, Rajendra Abhijeet, a seasoned expert with over 15 years of experience in the power sector, specialising in regulatory and compliance, shares insights on how these financial instruments are reshaping India’s power trading landscape. The discussion explores the mechanics of electricity derivatives, their…

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