REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

REC Limited, a public infrastructure finance company, has approved ₹220 billion (~$2.78 billion) for the power utilities of Jharkhand, Rajasthan, Chhattisgarh, and Jammu & Kashmir to clear their outstanding dues ...
/ / Grid, Market & Policy
Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

The Ministry of Power (MoP) has proposed the introduction of a high price market segment for the day ahead market (HPDAM). The stakeholders have time until August 21, 2022, to ...
/ / Grid, Market & Policy
DISCOM Dues to Renewable Generators Inch Up to ₹237 Billion in July

DISCOM Dues to Renewable Generators Inch Up to ₹237 Billion in July

Distribution companies (DISCOMs) owed renewable energy generators ₹237.06 billion (~$3 billion) in overdue payments (excluding disputed amounts) at the end of July, according to Ministry of Power data. The figure ...
/ / Grid, Market & Policy
Haryana to Procure 150 MW of Renewable Power with Assured Peak Power Supply

Haryana to Procure 150 MW of Renewable Power with Assured Peak Power Supply

The Haryana Electricity Regulatory Commission (HERC) recently allowed  Haryana Power Purchase Center (HPPC) to procure 150 MW of renewable power with a guaranteed peak power supply from the Solar Energy ...
Hybrid Projects Can Ensure Higher Grid Stability and Solve Intermittency Issues

Hybrid Projects Can Ensure Higher Grid Stability and Solve Intermittency Issues

The intermittent nature of standalone wind and solar power sources has made wind-solar hybrid projects more attractive as they provide a longer-duration power supply and maximize resources. The renewable industry ...
/ / Grid, Market & Policy
Global Demand for EV Batteries to Rise to 3,500 GWh by 2030 IEA

Global Demand for EV Batteries to Rise to 3,500 GWh by 2030: IEA

Demand for electric vehicle (EV) batteries will increase from the current 340 GWh to over 3,500 GWh by 2030. The findings were published in the International Energy Agency’s (IEA) report, ...
DISCOM Dues to Renewable Generators Decline Marginally to ₹200.37 Billion in June

DISCOM Dues to Renewable Generators Decline Marginally to ₹200.37 Billion in June

Distribution companies (DISCOMs) owed renewable generators ₹200.37 billion (~$2.55 billion) in overdue payments (excluding disputed amounts) at the end of June, according to the data released by the Ministry of Power ...
Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification

Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification

The Bangladesh government and the World Bank have signed a $515 million financing agreement for the country's Electricity Distribution Modernization Program that will support the digitization and modernization of 25 ...
Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog

Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog

Electric two-wheelers sales could touch 22.02 million in financial year (FY) 2031 if battery costs reduce by 8% CAGR, vehicle power increases by 20% by FY 2024, and demand incentives ...
CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

The Central Electricity Regulatory Commission (CERC) recently directed the Hindustan Power Exchange to use the ‘Uniform Price Step Auction’ as a matching methodology for price discovery in daily and weekly ...
/ / Grid, Market & Policy
Haryana Announces a Slew of Financial Incentives for EV Manufacturers

Haryana Announces a Slew of Financial Incentives for EV Manufacturers

The Haryana government has issued the State Electric Vehicle (EV) Policy, 2022, to promote clean transportation and create an ecosystem for manufacturing EV components in the state. The policy aims ...
Ireland’s Electricity Package Will Help Households Save €75 on Power Bills Annually

Ireland’s Electricity Package Will Help Households Save €75 on Power Bills Annually

The Government of Ireland announced a package with measures to mitigate the hike in electricity bills while ensuring a secure power supply to households and businesses across the country. Under ...
/ / Grid, Market & Policy
CERC Approves Transmission License to Evacuate 3 GW of Renewable Energy in Gujarat

CERC Approves Transmission License to Evacuate 3 GW of Renewable Energy in Gujarat

The Central Electricity Regulatory Commission (CERC) recently granted a transmission license to Khavda-Bhuj Transmission to establish the 3 GW of renewable energy injection network at the Khavda pooling station under ...
/ / Grid, Market & Policy
CERC Approves Introduction of Month-Ahead Contracts on Power Exchange India

CERC Approves Introduction of Month-Ahead Contracts on Power Exchange India

The Central Electricity Regulatory Commission (CERC) recently approved Power Exchange India’s (PXIL) proposal to introduce delivery-based monthly contracts, which can be traded on one month, two-month, and three-month ahead basis ...
/ / Grid, Market & Policy
CERC Proposes Amendments to Regulations on Sharing ISTS Charges and Losses

CERC Proposes Amendments to Regulations on Sharing ISTS Charges and Losses

The Central Electricity Regulatory Commission (CERC) has proposed amendments to the 'Sharing of Interstate Transmission Charges and Losses) Regulations, 2020.' Some of the important amendments are listed here. Raising bills ...
/ / Grid, Market & Policy
CERC Issues Connectivity and General Network Access Regulations

CERC Issues Connectivity and General Network Access Regulations

Central Electricity Regulatory Commission (CERC) has issued the Central Electricity Regulatory Commission (Connectivity and General Network Access to the Inter-State Transmission System) Regulations, 2022. The regulations provide a framework to ...
/ / Grid, Market & Policy
CERC Approves Introduction of Forward Contracts at the Indian Energy Exchange

CERC Approves Introduction of Forward Contracts at the Indian Energy Exchange

The Central Electricity Regulatory Commission (CERC) recently directed the Indian Energy Exchange (IEX) to make changes in its software before the commencement of the physical delivery-based forward contracts and to ...
DISCOMs to be Allowed to Clear Dues to Power Generators in 48 Monthly Installments

DISCOMs to be Allowed to Clear Dues to Power Generators in 48 Monthly Installments

The Ministry of Power (MoP) has notified the ‘Late Payment Surcharge and Related Matters Rules, 2022.’ According to the rules, a late payment surcharge will be payable on the outstanding ...
Haryana Regulator Rejects Captive Generator's Plea for Adjustment of Banked Energy

Haryana Regulator Rejects Captive Generator’s Plea to Adjust Banked Energy Period

The Haryana Electricity Regulatory Commission (HERC) recently rejected a captive power generator's request to adjust the banked energy for one year. The captive power generator should have provided the distribution ...
Ministry of Power Proposes New Program to Liquidate the Past Dues of DISCOMs

Ministry of Power Proposes New Program to Liquidate the Past Dues of DISCOMs

The Ministry of Power (MoP) announced that it is working on a program to mitigate the financial woes of the Distribution Companies (DISCOMs) by liquidating their dues. The delay in ...
DISCOMs' Legally Obligated to Supply 247 Uninterrupted Power to Mid-Sized Cities

DISCOMs Legally Obligated to Supply 24/7 Uninterrupted Power to Mid-Sized Cities

The Ministry of Power issued a gazette notification that distribution licensees must ensure 24/7 uninterrupted power supply to all the consumers residing in cities with 100,000 or more residents to ...
/ / Grid, Market & Policy
DISCOM Dues to Renewable Energy Generators Drops to ₹200.44 Billion in April

DISCOM Dues to Renewable Energy Generators Drops to ₹200.44 Billion in April

Distribution companies (DISCOMs) owed renewable generators ₹200.44 billion (~$2.63 billion) in overdue payments (excluding disputed amounts) at the end of April, according to the data released by the Ministry of ...
Andhra Issues Tariff Order for FY 2023, Introduces A Separate Grid Support Charge

Andhra Issues Tariff Order for FY 2023, Introduces A Separate Grid Support Charge

Andhra Pradesh Electricity Regulatory Commission (APERC) has announced tariffs for commercial and industrial consumers for the financial year (FY) 2022-23. The state regulatory body for individual states issues a yearly ...
/ / Grid, Market & Policy
CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12kWh

CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12/kWh

Central Electricity Regulatory Commission (CERC) directed the power exchanges to re-design their bidding software so that members can submit their buy bids at the maximum price of ₹12 (~$0.16)/kWh for ...
/ / Grid, Market & Policy
Highest Payment Overdue for Power Generators is from Tamil Nadu and Maharashtra DISCOMs

Highest Payment Overdue for Power Generators is from Tamil Nadu and Maharashtra DISCOMs

Distribution companies (DISCOMs) owed renewable generators ₹209.16 billion (~$2.74 billion) in overdue payments (excluding disputed amounts) at the end of March 2022, according to the data released by the Ministry ...
/ / Grid, Market & Policy