The Gujarat Electricity Regulatory Commission (GERC) has issued the Fourth Amendment to the Green Energy Open Access (GEOA) Regulations, 2026, bringing important changes to how green energy banking is managed in the state. This update, released under Notification No. 02 of 2026, mainly focuses on the pricing and duration of banking facilities for renewable energy users and producers in Gujarat.
The amendment has been made under the powers given by the Electricity Act, 2003. It updates certain parts of the original regulations that were introduced in 2024. These changes aim to improve the financial structure related to renewable energy integration and make the system clearer for all stakeholders.
The new rules apply across the entire state of Gujarat and come into effect immediately from the date they are published in the Official Gazette. The amendment specifically changes provisions under Regulation 1 (4) and Regulation 17.6 (viii), which deal with banking charges for green energy.
One of the key highlights of this amendment is the introduction of a fixed banking charge. The Commission has set the rate at Rs. 1.50 per unit. This charge applies to the process of energy banking, where excess renewable energy generated by a consumer or producer is sent into the grid and later withdrawn when needed. This system helps manage supply and demand, especially for sources like solar and wind that do not produce power continuously.
The Commission has also clearly defined the time period for this rate. The banking charge of Rs. 1.50 per unit will remain valid from the date of notification until June 30, 2026. However, there is flexibility in this timeline. If the Commission decides to issue new regulations before this date, the revised charges will come into effect earlier and replace the current rate.
After June 30, 2026, or if new charges are announced earlier, the banking rates will be determined by future regulations issued by the Commission. This indicates that the current pricing is temporary and may be revised based on market conditions and policy needs.
The notification was signed by S.J. Joshi, IAS, Secretary of the Commission, and finalized in Gandhinagar on March 30, 2026. By setting a clear rate and timeline, the Commission aims to bring more transparency and predictability for developers, consumers, and other stakeholders involved in green energy.
Overall, this amendment is expected to support the smooth functioning of the Green Energy Open Access framework. It provides clarity on costs and ensures that renewable energy integration continues in a structured and financially balanced manner as Gujarat moves toward a cleaner energy future.
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