The Ministry of Power (MoP) has issued draft Electricity Distribution (Accounting aspects of Specified Items & Additional Disclosures), Rules, 2023. The rules shall be applicable to specified entity (SE).
The Ministry of Power notified the third amendment to Electricity Rules 2005. The new amendments were aimed at dealing with the issues of the captive power generation plants in India. As per the new notification, the criteria for the captive electricity generation plants changed.
The Ministry of New and Renewable Energy (MNRE) is optimizing India’s renewable energy potential with the release of new guidelines aimed at promoting the integration of wind and solar power sources. These Guidelines were notified on 21st August, 2023.
The Ministry of Power (MoP) has issued national framework aimed at promoting energy storage systems (ESS). The key objectives of the framework are to ensure a constant supply of renewable energy, reduce emissions, and lower energy costs by incentivising ESS deployment while reducing the reliance on fossil fuel power plants.
The Ministry of Power has issued a resolution notifying the Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects.
The Ministry of Power (MOP) has published the Guidelines for Tariff Based Competitive Bidding Process for Procurement Power from Grid Connected Wind Power Projects. These guidelines, dated 26th July, 2023 were published on 2nd August, 2023.
The Ministry of Power (MoP) on July 26, 2023, notified the Electricity (Second Amendment) Rules, 2023 further to amend the Electricity Rules, 2005. The following has been amended namely: Rule 15 which talks about the Subsidy accounting and payment has been amended.
The Ministry of Power has notified the National Electricity Plan Notification (Amendment) Rules, 2023. These Rules were notified on 30th June, 2023 and come into effect from that same date. The rules amend the existing National Electricity Plan Notification Rules, 2004.
The Ministry of Power has recently released a notification on June 30, 2023, introducing additional amendments to the Electricity Rules, 2005. Prior to the first amendment, a power plant could qualify as a captive generating plant if the captive user held at least twenty-six percent ownership.
The power ministry notified the Carbon Credit Trading Scheme, 2023, to develop the domestic carbon market as the country aims at decarbonising the economy and has committed to cut emissions by 45% from the 2005 levels by 2030.
