Punjab notifies new deviation settlement framework effective April 2026
The Punjab State Electricity Regulatory Commission has issued its final order approving the Punjab State Electricity Regulatory Commission (Deviation Settlement Mechanism and related matters) Regulations, 2025. The regulations were notified in the state gazette on 04 December 2025 and will come into commercial effect from 01 April 2026. They replace the 2020 DSM framework and follow a detailed consultation, stakeholder objections and public hearing. Objective and coverage The new framework seeks to maintain grid discipline…