CERC Extends Deadline for Comments and Organizes Workshop on GNA Regulations
The Central Electricity Regulatory Commission (CERC) has extended the deadline for stakeholders to submit comments and suggestions on the “Staff Paper on Modifications in the GNA Regulations.” The new deadline is December 2, 2024. Additionally, CERC will also be having an interactive session to facilitate better understanding on the issues arising from these modifications on November 19, 2024.
Power Purchase Escalation Rates Announced for October 2024- March 25
The Ministry of Power has announced the annual escalation rates applicable for the period from October 1, 2024, to March 31, 2025. These rates will be used to calculate payments for power procured by distribution licensees under various Power Purchase Agreements (PPAs). These escalation rates will be used to adjust the payments made to power producers based on changes in fuel costs and other relevant factors.
CEA Provides Key Feedback on CERC’s New Draft Amendments for Electricity Trading
The Central Electricity Authority (CEA) has submitted its comments on the Draft Order in Suo-Motu Petition No. 8/SM/2024 issued by the Central Electricity Regulatory Commission (CERC) on October 4, 2024.
Overall, the CEA’s comments emphasize the need for standardized contracts, increased transparency, and improved competition in the short-term power market.
Stakeholders Gain More Time for Feedback on Resource Adequacy Framework Discussion Paper
It may be recalled that the CEA had released this draft paper on October 18, 2024. Stakeholders were initially given a deadline of November 4, 2024, to provide feedback. Now, by the present notice, the CEA has decided to extend this deadline till November 17, 2024.
Deadline Extended For Feedback On Draft Amendments To Electricity Trading Contracts
CERC had proposed revisions to the regulations governing power trading on power exchanges in India. Stakeholders were initially given a deadline of November 4, 2024, to provide feedback. This deadline has now been extended till November 11, 2024.
Report On Short-Term Power Market In India 2023-24
The report sheds light on the evolving landscape of the country’s power sector, with a detailed exploration of short-term power transactions across various mechanisms. The report, structured into four main sections, covers an overview of the power sector, trends in short-term power markets, cross-border electricity trade, and trading of renewable energy certificates.
Draft Amendment Rules for Electricity Late Payment Surcharge
The rules will apply to outstanding dues of generating companies, transmission licensees, and electricity trading licensees. The draft rules also propose a procedure for settling dues arising from court orders.
CERC Extends Timeline For Complying With Changes In Charges For Deviation Of Infirm Power
The stipulation in DSM Regulations regarding charges for deviation by way of injection of infirm power will now come into effect on December 1, 2024. Until November 30, 2024, CERC’s Order dated February 6, 2023, on charges for deviation for injection of scheduled inform power will remain in operation.
CERC Indian Electricity Grid Code (First Amendment) Regulations, 2024
The regulations set limits on the duration of infirm power injection for different types of generating stations, including renewable energy sources (REGs) and energy storage systems (ESS). They also clarify the timing for the commencement of scheduling for newly commissioned generating stations. Additionally, The regulations provide for compensation to thermal power plants operating below their normative levels.
September 2024 Escalation Rates For Imported Coal
The cost of imported coal has seen a decrease to 0.24%. The cost of transporting imported coal has also decreased by 2.15%. The cost of handling imported coal within India has increased to 0.61%.
