Inter-State Transmission Charges and Losses Regulation To Be Enforced From November 2020

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The Central Electricity Regulatory Commission (CERC) has recently issued notice that regulations for sharing of Inter-State Transmission Charges and Losses, 2020 shall come into force with effect from 01.11.2020.

Earlier, Central Electricity Regulatory Commission published about Regulations of Sharing of Inter-State Transmission Charges and Losses Regulations, 2020. in the Gazette of India Extraordinary.

The transmission charges shall be shared amongst the DICs every month based on the Yearly Transmission Charges such that:- the Yearly Transmission Charges are fully recovered, and Any adjustment on account of revision of the Yearly Transmission Charges are recovered. Yearly Transmission Charges for transmission system shall be shared every month by DICs.Long Term Access or Medium Term Open Access for projects shall not be considered for apportionment of Yearly Transmission Charges.

The Central Electricity Regulatory Commission (CERC) has recently issued the Draft Power Market Regulations, 2020.

These regulations shall be applied to Power Exchange, Market Participants and OTC Market.These regulations shall also be applied to contracts transacted on the Power Exchange, contracts relating to Renewable Energy Certificates, contracts relating to Energy Saving Certificates, contracts in the OTC Market. and any other contracts, as may be approved by the Commission.

The main feature of this regulations are introduction of forward contracts on Power Exchanges with mandatory physical delivery, introduction of OTC platforms to allow technology driven price dissemination for the buyers and sellers in the OTC Market, enabling provisions for Market Coupling among the Power Exchanges and minimum market share requirement for Power Exchanges has been removed.

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