TAG: "CERC"

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CERC Approves Tariff for SECI’s 1.2 GW Hybrid Projects

CERC has approved the tariff for SECI’s 1.2 GW Wind-Solar Hybrid Power Projects (Tranche VI) under competitive bidding. The order validates the discovered tariff, ensures regulatory compliance, and approves a INR 0.07/kWh trading margin, enabling project execution and financial closure.

CERC | March 03, 2025 | By EI News Network | 142

CERC Approves Tariff for 900 MW Solar Projects by SECI

CERC has adopted tariffs for 900 MW of solar projects under SECI’s Tranche-XI. While 300 MW are secured under PPAs and PSAs, the tariff for the remaining 600 MW is approved, subject to future agreements being finalised.

CERC | February 05, 2025 | By EI News Network | 368

CERC Grants Compensation to RE Firm for GST Hike Impact on Solar Project Costs

CERC has granted Beempow Energy compensation for increased costs due to the GST rate hike on renewable energy devices. The compensation will cover additional expenditure on the solar project, with payment terms including a 9.12 percent discount rate over 15 years.

CERC | February 01, 2025 | By EI News Network | 473

IEX Reports 13.7 Percent Revenue Growth to INR 160.5 Crore in Q3 FY'25

IEX sees substantial growth in Q3 FY'25, with revenue at INR 160.5 Crore and PAT rising by 16.9 percent to INR 107.3 Crore. The exchange also reported a 15.9 percent rise in electricity volumes and a 31 percent increase in Renewable Energy Certificates traded.

CERC | January 25, 2025 | By EI News Network | 562

CERC Rejects SECI's Proposed Tariff for BESS Project Due to Delays and Market Price Shifts

CERC rejected SECI's tariff proposal for the Gujarat BESS project, citing delays in agreements and falling battery prices, which misaligned the tariff with current market conditions. The Commission emphasised the importance of adhering to timelines and ensuring fair pricing.

CERC | January 05, 2025 | By EI News Network | 1112

CERC Issues Clarifications and Amendments to DSM Regulations, Effective December 2024

The CERC's DSM Regulations 2024 clarifies provisions on infirm power, grid stability, and deviations. Effective from December 23, 2024, it addresses stakeholder concerns, trial run procedures, and charges, without retrospective applicability.

CERC | December 23, 2024 | By EI News Network | 1129

CERC Rejects SECI’s Request for Additional Trading Margin on BESS Ancillary Services

CERC ruled against SECI's request for an additional trading margin for BESS charging and discharging in Ancillary Services, citing potential financial burden and double payment. The Commission emphasised cost optimisation and upheld its original order, dismissing SECI’s review petition.

CERC | November 20, 2024 | By EI News Network | 845

CERC Issues Draft Regulations for Carbon Credit Trading Scheme

CERC's draft regulations for the Carbon Credit Trading Scheme (2023) establish a framework for trading Carbon Credit Certificates on Power Exchanges. They ensure transparency, market oversight, pricing mechanisms, penalties for non-compliance, and fees to manage registry operations, supporting India’s carbon market development.

CERC | November 14, 2024 | By EI News Network | 1377

CERC Amends Indian Electricity Grid Code Regulations

The CERC has revised the Indian Electricity Grid Code, introducing new rules for infirm power injection, operational capacity revisions, and compensation mechanisms, aiming to improve efficiency and reliability in India's electricity sector.

CERC | October 25, 2024 | By EI News Network | 1522

CERC Issues Draft Notification for Amendments to Inter-State Transmission Charges Regulations

CERC's draft notification outlines key amendments to enhance inter-state transmission charges and losses regulations. Changes include dual connectivity provisions, and extended waivers for renewable energy projects, aiming to improve efficiency, transparency, and cost-sharing in India's electricity market.

CERC | October 21, 2024 | By EI News Network | 740