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Legal Central Ministry of Power Electricity Act, 2003

Issuance of Central Electricity Regulatory Commission (Power Market) Regulations, 2021

15-Feb-2021 | No. L-1/257/2020/CERC

The Central Electricity Regulatory Commission has issued the Central Electricity Regulatory Commission (Power Market) Regulations, 2021 which will be applicable to Power Exchange; Market Participants other than Power Exchange; and
OTC Market and apply in case of following contracts:
1. Contracts transacted on the Power Exchange:
a. Delivery based electricity contracts:
i. Day Ahead Contracts;
ii. Real-time Contracts;
iii. Intraday Contracts;
iv. Contingency Contracts;
v. Term Ahead Contracts; and
vi. Any other contracts, including Capacity Contracts and Ancillary Services Contracts, as may be approved by the Commission;
b. Contracts relating to Renewable Energy Certificates;
c. Contracts relating to Energy Saving Certificates; and
d. Any other contracts, as may be approved by the Commission.
2. Contracts in the OTC Market: Delivery based contracts
These regulations shall come into force from the date to be separately notified by the Commission.

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