CERC proposes buyout price under Renewable Consumption Obligation
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…