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CERC Clears Market Coupling for Day-Ahead Power, but Design Raises Concerns

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  The Central Electricity Regulatory Commission (CERC) has approved the introduction of market coupling in the Day-Ahead Market (DAM) segment starting January 2026. The order, issued on 23 July 2025 under Petition No. 8/SM/2025, aims to unify price discovery across India’s power exchanges and enhance overall market efficiency. The regulator’s decision follows two years of policy development, simulations, and public consultation. It marks a structural change in the way electricity prices are determined in short-term…

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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…