CERC

Among companies, the Power Grid will see a minimal impact since most of its new assets are being built via competitive bidding

In a bid to meet the electricity requirements of Kerala, the state government on Wednesday decided to urge the Central Electricity Regulatory Commission to reinstate contracts in the power sector that it previously denied permission to. The decision was taken at a state cabinet meeting chaired by Chief Minister Pinarayi Vijayan. The state government said it would give this direction to the Central Electricity Regulatory Commission under Section 108 of the Electricity Act. State Power Minister K Krishnankutty said that the key regulator is legally bound to follow the direction of the state government. "If the direction is being given invoking Section 108 of the Electricity Act, then they are legally bound to accept the direction. We also have the provision for an appeal," Krishnankutty told PTI. In a statement, the CMO said the decision was taken considering public interest and to ensure that the state would not experience a power crisis. Meanwhile, the Kerala State Electricity Bo

The proposed coupling of the market is aimed at merging all the existing power market platforms and the contracts offered by them

The power ministry has asked Central Electricity Regulatory Authority (CERC) to initiate the process of coupling multiple power exchanges, a mechanism which seeks to ensure uniformity in price discovery of energy at trading platforms. At present India has three power exchanges -- Indian Electricity Exchange (IEX), Power Exchange of India (PXIL) and Hindustan Power Exchange (HPX). In the present scenario, buyers and sellers at each exchange do trading of electricity and discover spot price separately at these exchanges. After coupling of exchanges, the price discovery would be uniform. In a communique to the power regulator CERC, the ministry said, "Several stakeholders approached the Ministry of Power on the subject of market coupling in the context of multiple power exchanges. "The ministry of power has decided to go ahead with the process...CERC is requested to take suitable action, so that the process of consultation and the finalisation of the construct for its implementation i

Recent issue of a direction by the Ministry of Power to the Central Electricity Regulatory Commission does not augur well for either regulatory autonomy or for the longer-term development of sector

The catch is that it sharply whittles the role of the CERC and state-level regulators

The ministry has said it is issuing this as there have been several instances where it had to intervene to the CERC for change in regulations

Jishnu Barua has become the new chairperson of power regulator Central Electricity Regulatory Commission (CERC). "Union Minister for Power R K Singh administered the oath of office and secrecy to Jishnu Barua, chairperson, Central Electricity Regulatory Commission (CERC), here today," a power ministry statement said. Barua has been appointed chairperson of the CERC on February 27, 2023. Barua was chief secretary of Assam from October 2020 to August 2022. Prior to this, he had been additional chief secretary to Assam looking after various departments of the state from August 2017 to October 2020. Post-retirement, Barua held the charge of chairperson of Assam Power Distribution Company Ltd. Barua holds M.Phil degree in Defence and Strategic Studies, PG (History) Degree and Graduation (Philosphy) degree. During his interaction with the new CERC chairperson, Singh commended the good work done by him during his stint as chairperson of the Assam Power Distribution Company Ltd and said

The company's consolidated earnings before interest tax depreciation and amortisation (Ebitda) grew 53 per cent versus last year to Rs 3,816 crore

Power regulator Central Electricity Regulatory Commission (CERC) has decided to fully compensate the power producers running imported coal-based plants for higher running costs required for supplying electricity under forced circumstances. The CERC order will come as a relief for imported coal-based power plants which ran to full capacity under the directions of the Ministry of Power for meeting demand. The CERC in an order on January 3, 2023, said, "In order to ensure that the Petitioner maintains and operate its plant to generate power for supply to the Procurers in compliance with the directions of the MoP (Ministry of Power) under Section 11(1) of the Act, the Commission under Section 11(2) of the Act is required to compensate the Petitioner to cover the cost plus a reasonable margin of profit." The order was passed by the CERC on a petition filed by Tata Power Company Ltd. The MoP in its letter on May 5, 2022 issued directions under Section 11 of the Electricity Act asking the

Power tariffs for imported coal-based plants should cover their costs as well as a "reasonable profit margin," the Central Electricity Regulatory Commission (CERC) said in an order dated Jan 3

India's power regulator retained a price cap of 12 rupees ($0.1450) per unit on electricity traded on its spot power exchanges ahead of expected record energy demand in the coming summer months

The maximum ceiling price that can be quoted at the power exhanges is Rs 12 per, according to the original order of CERC in June.

While this has irked electricity regulators in a few states, the industry is cheering the paradigm shift since it will push reforms and private investment in the power distribution sector

Unlike in the past, the Centre isn't restricting movement within the economy, but has only imposed export curbs. Consequently, there is no rush to use the Essential Commodities Act

The prices discovered at the power exchanges have remained significantly high during the last few days.

On October 6, SC settled the long-pending matter between SEBI and CERC regarding regulatory jurisdiction of Electricity Derivatives

Under the RPO, the discoms are required to purchase a certain proportion of electricity from renewable sources as mandated by the power regulators.

The country's apex electricity regulator was under suspension since August 2020 when the power ministry failed to appoint a mandatory member (Law) in CERC's quorum

First quasi-judicial body to strengthen its digital back-end