West Bengal Reduces Late Payment Surcharge to 1% Per Month Amid COVID-19 Lockdown
Considering the ongoing economic disruption caused amid the Coronavirus pandemic, the West Bengal Electricity Regulatory Commission (WBERC) has issued an order for the late payment surcharge (LPS) to be charged ...
Punjab DISCOM Receives ₹350 Million in Advance Payment Against Power Bills
The Punjab State Power Corporation Limited (PSPCL) has introduced an innovative plan calling on all its consumers to make payment in advance towards their estimated electricity bills up to March ...
Electricity Act Amendment Draft Addresses Strict Enforcement of Contracts, RPO
The Ministry of Power (MoP) has issued a draft proposal for the amendment of the Electricity Act 2003 to address contract enforcement, among other vital issues. The Ministry has invited ...
MNRE Directs Three States to Allow Rollover of Banked Energy Amid COVID-19 Lockdown
The Ministry of New and Renewable Energy (MNRE) has issued an advisory saying that the power energy departments and distribution companies (DISCOMs) in three states should consider permitting rollover of ...
Singapore’s Sembcorp Launches REC Trading Platform
Sembcorp Industries, a Singapore-based renewable energy company, has launched a renewable energy certificate (REC) trading platform that manages RECs from multiple sources. RECs are tradable renewable assets that can be ...
BYD and Toyota Join Hands to Design, Develop Battery-Run Electric Vehicles
China-based BYD Company Ltd (BYD) and Toyota Motor Corporation have announced that the operation of their new company will be launched in 2020. The name of the new company will ...
Amid Lockdown, Goa and Union Territories Reduce Late Payment Surcharge to 1% Per Month
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories (UTs) has reduced the late payment surcharge (LPS) from 2% to 1% per month. The Commission ...
Amid COVID-19 Outbreak, Delhi Announces Rebates for Electricity Consumers
Considering the Coronavirus (COVID-19) outbreak and the repercussions it has had on several services, including power supply, the Delhi Electricity Regulatory Commission (DERC) has announced rebates and incentives on power ...
Punjab Decides to Reduce Late Payment Surcharge for DISCOMs to 6% Per Annum
Due to the ongoing lockdown as a result of the Coronavirus (COVID-19) outbreak, the Punjab State Electricity Regulatory Commission (PSERC) has provisionally reduced the rate of late payment surcharge (LPS) ...
New Cathode Material Based on Titanium Fluoride Phosphate for Metal-Ion Batteries
Researchers from the Skoltech Center for Energy Science and Technology (CEST) have designed a new cathode material based on titanium fluoride phosphate, which is stated to be stable and has ...
REC Incorporates Seven SPVs for Developing Transmission Network for Solar Projects
REC Limited, a public infrastructure finance company in India’s power sector, announced that its board of directors had approved a proposal to incorporate seven project-specific special purpose vehicles (SPVs) as ...
AfDB Approves $830,000 to Set Up Green Mini-Grids in the Republic of Guinea
The African Development Bank (AfDB) announced that it had approved a grant of $830,000 (~₹62.95 million) to the Guinean Agency for Rural Electrification (AGER) to help it set up green ...
Late Payment Surcharge for DISCOMs Reduced in Madhya Pradesh
To tackle the unprecedented challenges posed by the outbreak of Coronavirus, the Madhya Pradesh Electricity Regulatory Commission (MPERC) has reduced the rate of current late payment surcharge (LPS) to be ...
Maharashtra Open Access Consumers to Pay Additional Surcharge of ₹1.31/kWh for FY 2021
The Maharashtra Electricity Regulatory Commission (MERC) has announced various charges payable by open access consumers for the financial year 2020-21 to 2024-25. Maharashtra State Electricity Distribution Company Limited (MSEDCL) has ...
DISCOMs’ Obligation to Pay for Power Within 45 Days of Raising Letter of Credit Remains
The Ministry of Power (MoP) has issued a clarification regarding letters of credit (LoC) to be given by distribution companies (DISCOMs). It stated that DISCOMs are expected to deposit LoCs for ...
CERC: DISCOMs to Pay Reduced Late Payment Surcharge Amid COVID-19 Outbreak
Given the ongoing lockdown in the country caused by Coronavirus (COVID-19), the Central Electricity of Regulatory Commission (CERC) has reduced the rate for late payment surcharge (LPS) payable by distribution ...
CERC Defers Real-Time Power Market Implementation to June 2020 Amid COVID-19 Lockdown
Amid the Coronavirus (COVID-19) outbreak in India, the Central Electricity Regulatory Commission (CERC) has decided to defer implementing the real-time power market (RPM) until June 1, 2020. In January 2020, ...
Andhra DISCOM Invokes Force Majeure Due to Cash Crunch During Coronavirus Pandemic
The Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) is the latest addition to the group of power distribution companies (DISCOMs) seeking refuge under the force majeure clause following the ...
Punjab Claims it is Curtailing Power Under Force Majeure Due to Coronavirus Outbreak
The Punjab State Power Corporation Limited (PSPCL) has issued a ‘force majeure’ notice stating that it has been forced to curtail power purchase and generation due to the ongoing nationwide ...
Madhya Pradesh Asks Ministry of Power Not to Take Action for Payment Delays
The Coronavirus outbreak has created an unprecedented situation with the country in a state of complete lockdown declared by the National Disaster Management Authority (NDMA) from March 24, 2020, to ...
SECI Says UP DISCOMs Can’t Claim Force Majeure Amid COVID-19 for Insufficient Funds
The Solar Energy Corporation of India (SECI) issued a letter to the Uttar Pradesh Power Corporation Limited (UPPCL) stating that its claim of 'force majeure' for its inability to pay ...
CERC Asked to Reduce Late Payment Surcharge as Cash Flow Dries Up Amid COVID-19 Outbreak
The Ministry of Power (MoP) has disclosed that it has received representations from power distribution companies and state governments requesting a waiver of late payment surcharge (LPS) given the force ...
Sterlite to Begin Green Corridor Transmission Project in Gujarat to Evacuate Wind Energy
Sterlite Power, a global power transmission developer, has announced that it will join hands with GE T&D India Limited, Unitech Power Transmission Limited (UPTL), Tata Projects Limited (TPL), and Associate ...
DISCOMs Get 3 Month Moratorium to Pay Power Generators Due to COVID-19 Disruption
Amid the growing fear of the spread of Coronavirus and the lockdown imposed by the country to stop the spread of COVID-19, the workforce of the power sector, including the ...
COVID-19 Forces CERC to Postpone Implementation of Amended DSM Regulations
The Central Electricity Regulatory Commission (CERC) has rescheduled implementing the fifth amendment of deviation settlement regulations from April 1, 2020, to June 1, 2020. The present regulations (Regulation 7) will ...
