tamperfinderDelhi Electricity Regulatory Commission (DERC) Regulation 2024 has been notified.
DERC has issued a notification for Open Access to Green Energy. Regulation 2024 aims to make green energy available through open access without discrimination. Access is usually through the interstate transmission system, state transmission system, utility networks, etc. This draft notification details the methodology for calculating Open Access and Banking Charge. The benefit is available to customers with connected loads up to 100 KW.
Gujarat Commission approves 1200 MW solar project tariff.
Gujarat Electricity Regulatory Commission (GERC) has approved three solar power projects of 1200 MW each. The Commission has permitted the proceeding with the Power Purchase Agreement with Gujarat Energy Vikas Nigam Limited (GEVNL). SJVD Green Energy Ltd. has been allotted a 500 MW solar plant at a tariff of 2.54/kWh, SAEL Industries 200 MW project at 2.55/kWh and Coal India Ltd’s 300 MW at 2.55/kWh.
Price protection C. E. R. C. (Staff Paper Staff Paper on Power Market Pricing) Delhi Electricity Regulatory Commission (DERC) Regulation 2024 has been notified.
DERC has issued a notification for Open Access to Green Energy. Regulation 2024 aims to make green energy available through open access without discrimination. Access is usually through the interstate transmission system, state transmission system, utility networks, etc. This draft notification details the methodology for calculating Open Access and Banking Charge. The benefit is available to customers with connected loads up to 100 KW.
Gujarat Commission approves 1200 MW solar project tariff.
Gujarat Electricity Regulatory Commission (GERC) has approved three solar power projects of 1200 MW each. The Commission has permitted the proceeding with the Power Purchase Agreement with Gujarat Energy Vikas Nigam Limited (GEVNL). SJVD Green Energy Ltd. has been allotted a 500 MW solar plant at a tariff of 2.54/kWh, SAEL Industries 200 MW project at 2.55/kWh and Coal India Ltd’s 300 MW at 2.55/kWh.
Price protection C. E. R. C. (Staff Paper Staff Paper on Power Market Pricing)
To control price inflation, volatility and unpredictability of the market in power exchanges, C E. R. C (Central Electricity Regulatory Commission) issued instructions. This paper mainly discusses the price determination method, uniform market clearing price and PAB (Pay as Bid) big screening. The proposals refer to a methodology to deal with excessive and disproportionate price increases. The purpose of this paper was to deal with abnormal price inflation as it dealt with different pricing methods. 39 stakeholders have commented on it. Few people favoured UMCP (Uniform Market Clearing Price) but few demanded that UMCP should be aligned with High Price Day Ahead market with Pay as a bid method. Stakeholders mainly expressed concerns about determining a benchmark for costing, checking historical data, and preventing price escalation. It was in this context that the new paper was released.
EV Chargers
M.G. Motors and HPCL will jointly install 30 kW to 60 kW DC fast EV chargers on major highways and major cities. This will be a decisive step in the field of electric vehicles.
BHEL has received an order worth 7000 crores from Adani Power.
An order worth Rs 7000 crore for two power plants has been received from Adani Power. After receiving this order, BHEL shares gained 1.8%. BHEL has received orders for main plant equipment and related equipment from Raipur Thermal Power Plant and 2× 800 MW and 2800 MW (in Uttar Pradesh) from Mirzapur Power Plant.
Reliance Power projects sold
Reliance Power sold a 1,200 MW hydroelectric project in Arunachal Pradesh to THDC for Rs 128 crore in December 2023. In March 2024, a 48 MW wind energy project in Maharashtra was sold to JSW Renewable Energy. This sale was done for 132 crores. With this, Reliance Power has cleared all existing liabilities with banks. The company currently had liabilities of 8000 crores in various banks.
Block build size has been increased.
The Central Electricity Regulatory Commission has increased the maximum block build size to 100 MW for all power producers participating in the day-ahead market in power exchanges. Block building is a bidding mechanism. Block Bidding is when the demand load is divided into multiple BLOCKS into contiguous segments and the auction process is based on these blocks.
Solar Hybrid Project
Solar Energy Corporation bids for a 12 MW wind-solar hybrid project. The auction was issued in February and the winners were announced this June. Its speciality is Inter-State System with Solar Hybrid Power Project.
South Eastern Coal Fields Limited is contracted with NTPC
NTPC and South Eastern Coal Fields Limited (SECL) have agreed on fuel supply. The village of Selda and Dalchi in the Khargone district of the Indian state of Madhya Pradesh is home to the coal-based thermal power plant known as the Khargone Super Thermal Power Station. It’s the first ultra-supercritical thermal power plant in the nation. For this 28.24 tonnes of coal is required per annum. This agreement would facilitate augmenting the capacity of the plant.
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