CERC Issues New Deviation Settlement Guidelines to Maintain Grid Security

CERC Issues New Deviation Settlement Guidelines to Maintain Grid Security

The Central Electricity Regulatory Commission (CERC) has issued new guidelines to supplement the Deviation Settlement Mechanism (DSM) Regulations 2022 to maintain grid security. The Commission has added a new category ...
/ / Grid, Market & Policy
Power Ministry Proposes Expansion of Economical Power Dispatch Program

Power Ministry Proposes Expansion of Economical Power Dispatch Program

The Ministry of Power has proposed to expand the security-constrained economic dispatch (SCED) program by including more state-owned thermal projects, which would run on a day-ahead basis. The program also ...
/ / Grid, Market & Policy
EV Makers Expect Tax Cuts and Incentives in Budget 2023

EV Makers Expect Tax Cuts and Incentives in Budget 2023

The Indian electric vehicle (EV) industry is hoping for the government to rationalize the indirect tax structure on EV components and extend the rollout of incentives under the Faster Adoption ...
Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at approximately $169 million. The acquisition ...
Supreme Court to Assess Progress in Great Indian Bustard Case This Week

Supreme Court to Assess Progress in Great Indian Bustard Case This Week

The Supreme Court is likely to apprise itself of the status of the installation of bird flight diverters atop power transmission in the habitat of the endangered Great Indian Bustard ...
RBI to Issue ₹160 Billion Sovereign Green Bonds in Two Tranches

RBI to Issue ₹160 Billion Sovereign Green Bonds in Two Tranches

The Reserve Bank of India (RBI), in consultation with the government, has said it will issue the Sovereign Green Bonds (SGB) worth ₹160 billion (~$1.9 billion) in two tranches on ...
Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

Norway’s development finance institution Norfund and the country’s largest pension fund KLP have announced an investment of NOK109 million (~$10.85 million) for a 49% ownership stake in ReNew Power’s transmission ...
/ / Grid, Market & Policy
Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric vehicle (EV) sales in India reached a record one million units in 2022, a jump of over 300% against the 322,877 units sold in 2021. EVs accounted for 4.7% ...
Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

The Ministry of Power is considering changes in the tariff policy that will allow the state governments to provide subsidies to eligible categories of consumers directly into their bank accounts ...
Power Ministry Mulling Shorter PPA Tenure to Help DISCOMs and Power Markets

Power Ministry Mulls Shorter PPA Tenure to Help DISCOMs and Power Markets

The Ministry of Power is considering cutting the tenure of prospective long-term power purchase agreements (PPAs) to 12-15 years from the extant 25 years to provide more flexibility to the ...
/ / Grid, Market & Policy
CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

The Central Electricity Regulatory Commission (CERC) passed a suo motu order retaining the ₹12 (~$0.14)/kWh price cap on power exchanges till further notice to ensure that prices didn’t rise disproportionately ...
/ / Grid, Market & Policy
Explainer Why Have the New Regulations Made the Grid Unstable

Explainer: Why the New Regulations Have Made the Grid Unstable

Less than three weeks after the Central Electricity Regulatory Commission's (CERC) new regulation de-linked deviation charges and frequency, grid frequency swung wildly and dangerously on December 20, which spooked the ...
CERC Grants Interstate Electricity Trading License to Vibrant Energy

CERC Grants Interstate Electricity Trading License to Vibrant Energy

The Central Electricity Regulatory Commission (CERC) has granted a trading license to Vibrant Energy Holdings Global India (VEH Global India) for interstate electricity trading across India. The Commission noted that ...
/ / Grid, Market & Policy
CERC Reverts to Frequency-Linked Mechanism as Grid Security Faces Threats

CERC Reverts to Frequency-Linked Mechanism as Grid Security Faces Threats

The Central Electricity Regulatory Commission (CERC) has reverted to frequency-linked deviation settlement mechanism (DSM) as an interim measure to protect grid stability which has been under pressure over the last ...
/ / Grid, Market & Policy
Andhra Pradesh Regulator Approves Procurement of RECs by the DISCOM

Andhra Regulator Approves Renewable Energy Certificates Purchase by DISCOM

The Andhra Pradesh Electricity Regulatory Commission (APERC) recently ruled that the state distribution company (DISCOM) was entitled to procure renewable energy certificates (RECs) for the financial year (FY) 2019-20 and ...
Transmission System for 500 GW Renewable Capacity to Cost ₹2.44 trillion

Transmission System for 500 GW Renewable Capacity to Cost ₹2.44 Trillion

Union Power Minister R.K. Singh unveiled a comprehensive plan to evacuate the planned renewable power capacity of 500 GW by 2030 at an estimated cost of ₹2.44 trillion (~$29.64 billion) ...
/ / Grid, Market & Policy
DISCOMs AT&C Losses Decline to 17% in FY22 Due to Tough Reforms

DISCOMs AT&C Losses Decline to 17% in FY22 Due to Tough Reforms

The Aggregate Technical and Commercial (AT&C) losses of distribution companies (DISCOMs) declined significantly to ~17% in the financial year (FY) 2021-22 from 22.32% in FY 2020-21, according to the recent ...
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