TAG: "CERC"

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MoP Issues Draft Amendment to Renewable Consumption Obligation Framework

The Ministry of Power has issued a draft amendment to the Renewable Consumption Obligation (RCO) framework under the Energy Conservation Act, 2001. It proposes stricter compliance, flexibility in renewable sourcing, and penalties for violations. Stakeholders can submit feedback by April 18, 2025.

CERC | March 28, 2025 | By EI News Network | 513

CERC Approves Tariff for 1200 MW Solar Project with 600 MW/1200 MWh Energy Storage

The Central Electricity Regulatory Commission (CERC) has approved tariffs for the SECI-ISTS-XV project, a 1200 MW ISTS-connected solar PV initiative with 600 MW/1200 MWh energy storage. The approval is conditional on SECI securing full Power Purchase Agreements (PPAs) and Power Sale Agreements (PSAs), with only 500 MW currently tied up.

CERC | March 12, 2025 | By EI News Network | 525

CERC Grants Transmission License to BBPTL for Rajasthan REZ Project

CERC has granted a transmission license to BBPTL for the Rajasthan REZ Phase IV (Part 3: 6 GW) project. This decision follows BBPTL’s petition under the Electricity Act, 2003, enabling critical infrastructure for renewable energy evacuation from Rajasthan REZ Phase IV.

CERC | March 05, 2025 | By EI News Network | 384

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 | 330

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 | 410

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 | 520

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 | 660

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 | 1244

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 | 1462

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 | 921