CERC Yet to Act on ISTS Charges Waiver for Open Access Solar Proposed by Ministry of Power

CERC Yet to Act on ISTS Charges Waiver for Open Access Renewables Proposed by Ministry of Power

Nearly a year after the Ministry of Power (MOP) extended the timeline and widened the scope for waiver of the interstate transmission system (ISTS) charges for renewable energy projects, the ...
Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a quarter-over-quarter (QoQ) leap ...
Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95kWh in FY21

Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21

The Average Cost of Supply (ACS) for distribution companies (DISCOMS) increased from ₹6.14 (~$0.074)/kWh in financial year (FY) 2019-20 to ₹6.19 (~$0.074)/kWh in FY 2020-21. The Average Revenue Realized (ARR) ...
Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Retail sales of electric vehicles (EVs) clocked 257,278 units in the third quarter (Q3) of the calendar year 2022. This represents a 183% year-over-year (YoY) growth compared to the 90,831 ...
Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing

Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing

Uttar Pradesh will provide a 30% base capital subsidy for the first two integrated electric vehicle (EV) and ultra-mega battery projects up to a maximum of ₹10 billion (~$121.43 million) ...
CERC to Evaluate Pricing Methodology in Power Exchanges, Invites Stakeholder Comments

CERC to Evaluate Pricing Methodology in Power Exchanges, Invites Stakeholder Comments

The Central Electricity Regulatory Commission (CERC) has issued a discussion paper on pricing methodology in the power trading market in the wake of price spikes and unprecedented demand in the ...
/ / Grid, Market & Policy
Implementation of Revisions to EV Battery Testing Standards Postponed

Implementation of Revisions to EV Battery Testing Standards Postponed

The Ministry of Road Transport and Highways (MoRTH) has extended the implementation of amendments to Electric Vehicle (EV) battery testing standards from October 1, 2022, to December 2022 and March ...
Market Clearing Price Cap of ₹12/kWh in Power Exchanges Valid Until December-end

Market Clearing Price Cap of ₹12/kWh in Power Exchanges Valid Until December-end

The Central Electricity Regulatory Commission (CERC) has ruled that the power exchanges should continue to allow members to quote a price in the range of ₹0/kWh to ₹12(~$0.15)/kWh in the ...
/ / Grid, Market & Policy
Uttar Pradesh DISCOM to Tender 10 MW40 MWh Battery Energy Storage Project

Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a request by the Uttar Pradesh Power Corporation (UPPCL) to issue a tender to install five battery energy storage systems (BESS) ...
Punjab Aims 25% EV Registrations by 2027, Incentivizes Giga Battery Manufacturing

Punjab Aims 25% EV Registrations by 2027, Incentivizes Giga Battery Manufacturing

The draft Punjab Electric Vehicle Policy 2022 has targeted 25% of annual vehicle registrations to be electric vehicles (EVs) by 2027. The draft policy issued by the Punjab Department of ...
Regulator Allows DISCOMs to Buy Green Power from Exchange-Linked Contracts

Regulator Allows DISCOMs to Buy Green Power from Exchange-Linked Contracts

The Maharashtra Electricity Regulatory Commission (MERC) recently directed three distribution companies (DISCOMs) to tie up the medium-term and short-term power for their base load at the earliest. It also allowed ...
/ / Grid, Market & Policy
Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Systems, which operates solar-hybrid microgrids across rural Asia and Africa, has signed a debt facility of $6 million from the EU- funded Electrification Financing Initiative (EDFI ElectriFI). The ...
/ / Grid, Market & Policy
A Smarter Grid Imperative for Efficient Clean Energy Transition GE Interview

A Smarter Grid Imperative for Efficient Clean Energy Transition: GE Interview

Maintaining grid stability is critical to transmitting the required power to consumers with increasing energy demands. Due to their intermittency, renewable assets require greater flexibility to incorporate distributed energy resources ...
/ / Grid, Market & Policy
Rajasthan Lays Thrust on Electric Vehicle Manufacturing in its EV Policy 2022

Rajasthan Lays Thrust on Electric Vehicle Manufacturing in its EV Policy 2022

The Rajasthan EV policy 2022 lays out financial and non-financial incentives and initiatives that would support the adoption of electric vehicles (EV) and seeks to promote EV manufacturing and related ...
Chhattisgarh’s EV Policy Targets 15% of all Vehicles to be Electric by 2027

Chhattisgarh’s EV Policy Targets 15% of All Vehicles to Be Electric by 2027

The Chhattisgarh State Electric Vehicle Policy, 2022 aims to accelerate the adoption of electric vehicles (EV), especially in the two-wheeler, public/shared transport, and goods carrier segments. It has targeted 15% ...
Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables from Gujarat

Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables From Gujarat

Mumbai-based integrated power transmission developer Sterlite Power's Mumbai Urja Marg Transmission (MUML) commissioned a 400 kV transmission line in the Banaskantha, Kansari, and Vadavi regions of Gujarat, four months ahead ...
/ / Grid, Market & Policy
POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges

Power System Operation Corporation (POSOCO) has debarred 15 distribution companies (DISCOMs) in six states and a Union Territory from buying or selling electricity at power exchanges as a penalty for ...
/ / Grid, Market & Policy
Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs

Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs

The Ministry of Power (MoP) has suggested creating a central pool of interstate transmission systems (ISTS)-connected renewable energy sources from which an intermediary company will procure power to be supplied ...
/ / Grid, Market & Policy
Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

The Central Electricity Regulatory Commission (CERC) has granted time for one more year from August 15, 2022, for power exchanges to align their clearing and settlement system to the Payment ...
/ / Grid, Market & Policy
Open Access Consumers in West Bengal to Pay Wheeling Charges of ₹0.99kWh for FY23

Open Access Consumers in West Bengal to Pay Wheeling Charges of ₹0.99/kWh for FY23

West Bengal Electricity Regulatory Commission (WBERC) has directed open access consumers to pay ₹0.99 (~$0.012)/kWh as wheeling charges to West Bengal State Electricity Distribution Company (WBSEDCL) for the use of ...
/ / Grid, Market & Policy
Additional Surcharge for Open Access Power Consumers in Punjab Reduced to ₹1.10/kWh

Additional Surcharge for Open Access Power Consumers in Punjab Reduced to ₹1.10/kWh

The Punjab State Electricity Regulatory Commission (PSERC) has set an additional surcharge of ₹1.10 (~$0.014)/kWh for full open access consumers and partial open access consumers beyond their contract demand within ...
/ / Grid, Market & Policy
25 State Power Utilities Downgraded in Annual DISCOM Ratings

25 State Power Utilities Downgraded in Annual DISCOM Ratings

The Ministry of Power has released its tenth annual integrated ratings for the state distribution companies (DISCOMs) for the financial year (FY) 2022. Out of the 71 DISCOMs covered, six ...
/ / Grid, Market & Policy
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