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 Proposes New Forbearance Price and Removal of Floor Prices for RECs
The Central Electricity Regulatory Commission (CERC) has issued a proposal for establishing forbearance and floor prices for renewable energy certificates (RECs). RECs are a market instrument to meet renewable purchase ...
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, ...
SECI and NTPC to Pay GST Compensation to Adani Solar’s SPVs
The Central Electricity Regulatory Commission (CERC) recently passed an order asking Solar Energy Corporation of India (SECI) and National Thermal Power Corporation (NTPC) to pay the requested compensation to Wardha ...
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 ...
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 ...
COVID-19 Pandemic Takes a Toll on Solar REC Trading in March
March witnessed a significant drop in trading volume of solar as well as non-solar renewable energy certificates (RECs). As the country fights the outbreak of Coronavirus. Markets all around the ...
CERC Extends Validity of Existing Renewable Energy Tariffs Until June 30, 2020
The Central Electricity Regulatory Commission (CERC) has extended the applicability of the Renewable Energy Tariff Regulations, 2017, for three months (from April 01, 2020, to June 30, 2020). The Commission ...
CERC Approves a Tariff of ₹2.77/kWh for 200 MW of Wind Projects
The Central Electricity Regulatory Commission (CERC) has given tariff approval for 200 MW of wind projects floated by the National Thermal Power Corporation (NTPC). NTPC had issued a request for ...
PGCIL’s Gujarat Subsidiary Gets Transmission License for 2 GW of Renewable Projects
The Central Electricity Regulatory Commission (CERC) has given transmission license to Powergrid Bhuj Transmission Limited (PBLT) to build transmission systems for 2 GW of renewable energy projects in Gujarat. The ...
Tata Power to Buy 50 MW of Wind Power from SECI at ₹2.52/kWh
The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.52 (~$0.034)/kWh as requested by the Tata Power Delhi Distribution (TPDDL) for 50 MW of wind power from the ...
Policy Highlights for Solar and Other Renewables From February 2020
The month of February witnessed a slew of announcements, both at the center and the state level. The two most critical policy announcements were related to Coronavirus and the basic ...
SECI Gets Approval to Sell 600 MW of Solar Power to Haryana and Bihar at ₹2.44/kWh
The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.44 (~$0.034)/kWh adopted by the Solar Energy Corporation of India (SECI) to sell 600 MW of solar power allocated ...
NTPC to Sell 600 MW of Solar Power to Bihar and Punjab at a Tariff of ₹2.60/kWh
The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.60 (~$0.036)/kWh adopted by the National Thermal Power Corporation (NTPC) to sell 600 MW of solar power allocated to ...
Andhra Offers 5% Annual Escalation On Base Price of Bagasse-Based Renewable Projects
The Andhra Pradesh Electricity Regulatory Commission (APERC) has determined the fuel price for biomass and industrial waste-based projects at ₹3,176.72 (~$45)/metric ton for the financial year (FY) 2019-20. The fuel ...
CERC Asks SECI to Compensate Azure Power for Cost Incurred Due to Safeguard Duty
The Central Electricity Regulatory Commission (CERC) has ruled in favor of Azure Power in its petition against the Solar Energy Corporation of India (SECI) that sought to invoke the ‘Change ...
CERC Allows Solar Developers’ Claim for GST Compensation on EPC Cost
In its recent order, the Central Electricity Regulatory Commission (CERC) has reiterated its opinions on the restitution principle in power purchase agreements in the face of a Change in Law ...
CERC Orders NTPC to Pay ACME Solar GST Relief Along With Late Payment Surcharge
The Central Electricity Regulatory Commission (CERC) has directed the National Thermal Power Corporation (NTPC) to pay the dues claimed by ACME Solar along with late payment surcharge within 30 days ...
Change in Legal Status Calls for Fresh Registration for Renewable Energy Certificates
The Central Electricity Regulatory Commission (CERC) has dismissed the plea of Weizmann Limited and Karma Energy Limited with regards to issuing renewable energy certificates (RECs). The Commission observed that the ...
NTPC Issues 300 kW Rooftop Solar Tender for a School in Vindhyachal
The National Thermal Power Corporation (NTPC) has floated a tender for the development of a grid-tied interactive rooftop solar PV project in Madhya Pradesh. The rooftop system will be installed ...
India’s Power Sector Shifting to Short-term Contracts and Spot Markets – Report
India’s power sector is currently in a transitional phase, shifting from long-term generation contracts to a greater reliance on short-term contracts and electricity spot markets. In this transition, policymakers and ...
CERC Rules in Favor of PGCIL as a Wind Developer Fails to Achieve Timely Financial Closure
The Central Electricity Regulatory Commission (CERC) rejected a plea by Vaayu Renewable Energy Private Limited, a renewable energy developer, who filed a petition seeking for the commission to direct the ...
CERC Provides Relief to a 50 MW Solar Thermal Project Delayed Due to Drought
The Central Electricity Regulatory Commission (CERC) has extended the scheduled commercial operation date (SCoD) of a 50 MW solar thermal project in Andhra Pradesh. Megha Engineering & Infrastructures Limited (MEIL) ...
CERC Asks NTPC to Refund Solar Developer’s ₹10 Million Deducted as Liquidated Damages
The Central Electricity Regulatory Commission (CERC) has directed the National Thermal Power Corporation (NTPC) to refund the performance bank guarantee (PBG) of ₹10 million (~$140,800) along with interest to Prayatna ...
CERC Asks Transmission Utility to Allot Wind Developer ReGen’s 600 MW Bay to Others
The Central Electricity Regulatory Commission (CERC) has ordered that the Stage II connectivity of ReGen Wind Farm should be revoked. The wind farm had asked for an extension of the ...
