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%.
Staff Paper On Modifications In The General Network Access Regulations
The Central Electricity Regulatory Commission (CERC) has invited comments from stakeholders on a proposed Staff Paper outlining potential modifications to the Central Electricity Regulatory Commission (Connectivity and General Network Access to the inter-State Transmission System) Regulations, 2022 (GNA Regulations). Stakeholders can submit their comments and suggestions on the Staff Paper by November 11, 2024, via email to secy@cercind.gov.in and shilpa@cercind.gov.in.
CERC Proposes Changes to Electricity Trading Contracts
The commission proposes to review the continuation of Contingency Contracts in light of their performance and the introduction of alternative options like Real-Time Markets (RTM). Additionally, CERC also proposes to withdraw Intra-Day Contracts in all the Power Exchanges. Power exchanges will be required to offer pre-specified time slots for TAM contracts, including Base/RTC, Peak, Off-Peak, and Night. Stakeholders can submit their feedback on these drafts by November 4, 2024.
Proposed Changes to Deviation Settlement Mechanism Open for Public Feedback
The draft amendments, titled Draft Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024 aim to improve the functioning of the electricity market. All comments and suggestions must be submitted by November 1, 2024.
August 2024 Escalation Rates For Imported Coal
The cost of imported coal has seen a slight decrease of 2.67%. However, the cost of transporting imported coal has increased by 3.43%. The cost of handling imported coal within India has also increased by 0.83%.
