PXIL and IEX Launch Real-Time Market for Electricity Transactions

PXIL and IEX Launch Real-Time Market for Electricity Transactions

The Power Exchange India Limited (PXIL) and Indian Energy Exchange (IEX) have started their real-time market (RTM) trading platforms for electricity transactions on June 1, 2020. The real-time market is ...
MNRE Seeks to Engage Consultants For Its One Sun One World One Grid Program

MNRE Seeks to Engage Consultants For Its One Sun One World One Grid Program

The Ministry of New and Renewable Energy (MNRE) has issued a request for proposal (RfP) for developing a long-term vision, implementation plan, road map, and institutional framework for its One ...
REC Releases Details for Bailing Out Distribution Companies Amid Coronavirus Crisis

REC Releases Details for Bailing Out Power Distribution Companies Amid Coronavirus Crisis

The Rural Electrification Corporation Limited (REC) has announced an opportunity for the distribution companies (DISCOMs) to avail loans to clear their dues. The loans under this program will be co-funded ...
MNRE Asks State Electricity Regulators to Hear Petitions Online Amid COVID-19

MNRE Asks State Electricity Regulators to Hear Petitions Online Amid COVID-19

The Ministry of New and Renewable Energy (MNRE) has requested all the State Electricity Regulatory Commissions (SERCs) to allow the online listing of petitions and hear urgent matters through video ...
Government Asks PGCIL to Offer 20-25% Rebate to DISCOMs on ISTS Charges

Government Asks PGCIL to Offer 20-25% Rebate to DISCOMs on ISTS Charges

The Power Grid Corporation of India Limited (PGCIL), a state-owned power transmission company, recently received a letter from the Ministry of Power to consider offering a rebate of about 20-25% ...
DISCOM Privatization and New Power Tariff Policy, Next in Line

DISCOMs in Union Territories to be Privatized, New Tariff Policy in the Making

In the fourth tranche of the economic stimulus package, Finance Minister Nirmala Sitharaman announced several significant power sector reforms. The latest announcement comes on the heels of the announcement made ...
/ / Grid, Market & Policy
Government to Inject ₹900 Billion to Help Ailing Power DISCOMs Amid Coronavirus Crisis

Government to Inject ₹900 Billion to Help Ailing Power DISCOMs Amid Coronavirus Crisis

In a press conference in New Delhi, Finance Minister Nirmala Sitaraman announced that power distribution companies (DISCOMs) would receive ₹900 billion (~$12.03 billion) as part of the Government of India’s ...
Karnataka DISCOMs to Pay Lower Late Payment Surcharge Amid Coronavirus Crisis

Karnataka Power DISCOMs to Pay Lower Late Payment Surcharge Amid Coronavirus Crisis

The Karnataka Electricity Regulatory Commission (KERC) has issued an order lowering the late payment surcharges (LPS) by distribution companies (DISCOMS) to generation companies and transmission licensees in light of the ...
Chhattisgarh Revises Late Payment Surcharge for Industrial and Commercial Consumers

Chhattisgarh Revises Late Payment Surcharge for C&I Electricity Consumers

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued an order through a suo moto petition revising the late payment surcharges (LPS) for fixed electricity bills payable by industrial and ...
Chhattisgarh Cuts Late Payment Surcharge to 0.75% to Help DISCOMs

Chhattisgarh Cuts Late Payment Surcharge to 0.75% to Help DISCOMs

To deal with the ongoing COVID-19 pandemic, which has caused economic disruptions across the board, the Chhattisgarh Electricity Regulatory Commission (CSERC) has issued an order reducing the payment of the ...
/ / Grid, Market & Policy
India’s Power Supply Deficit Was 0.5% for FY 2019-20

India’s Power Supply Deficit Was 0.5% for FY 2019-20

India’s power supply deficit stood at 0.5% at the end of March for the financial year 2019-20, and the peak power deficit stood at 0.7%, according to the data published ...
/ / Grid, Market & Policy
MNRE Grants Blanket Extension of Lockdown Period Plus 30 Days for Renewable Projects

MNRE Grants Blanket Extension of Lockdown Period Plus 30 Days for Renewable Projects

The Ministry of New and Renewable Energy (MNRE) has issued a blanket commissioning time extension for all renewable energy projects under construction in the country on account of the nationwide ...
Electricity Act Amendment Draft Addresses Strict Enforcement of Contracts, RPO

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 ...
/ / Grid, Market & Policy
MNRE Directs Three States to Allow Rollover of Banked Energy Amid COVID-19 Lockdown

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 ...
/ / Grid, Market & Policy
Amid Lockdown, Goa and Union Territories Reduce Late Payment Surcharge to 1% Per Month

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 ...
/ / Grid, Market & Policy
Punjab Decides to Reduce Late Payment Surcharge for DISCOMs to 6% Per Annum

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) ...
/ / Grid, Market & Policy
AfDB Approves $830,000 to Set Up Green Mini-Grids in the Republic of Guinea

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 ...
Maharashtra Open Access Consumers to Pay Additional Surcharge of ₹1.31_kWh for FY 2021

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 ...
/ / Grid, Market & Policy
DISCOMs’ Obligation to Pay for Power Within 45 Days of Raising Letter of Credit Remains

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

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 ...
/ / Grid, Market & Policy
CERC Defers Real-Time Power Market Implementation to June 2020 Amid COVID-19 Lockdown

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, ...
/ / Grid, Market & Policy
Punjab Claims it is Curtailing Power Under Force Majeure Due to Coronavirus Outbreak

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

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 ...
/ / Grid, Market & Policy
SECI Says UP DISCOMs Can't Claim Force Majeure Amid COVID-19 for Insufficient Funds

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 ...
DISCOMs Get 3 Month Moratorium to Pay Power Generators Due to COVID-19 Disruption

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 ...
/ / Grid, Market & Policy