 "CERC")
The Central Electricity Regulatory Commission (CERC), the quasi-judicial apex sector regulator has rejected the tariff discovered in the first-ever grid-scale battery energy storage system (BESS) offered by Solar Energy Corporation of India (SECI).
SECI which is the renewable energy project tendering agency under the aegis of the Ministry of New and Renewable Energy awarded this project in 2022.
CERC has cited the “delay in signing power supply and purchase agreements (PSAs and PPAs)” and the reduction in BESS prices over the past two years as the reason for rejecting the tariff. Delay in signing PSA and PPA for SECI’s awarded
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