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Date: 10-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Whereas the Central Electricity Regulatory Commission Deviation Settlement Mechanism and Related Matters Regulations 2024

Issued by Central Electricity Regulatory Commission · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification from the Central Electricity Regulatory Commission (CERC) specifies the effective date for the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024.

Key Changes

  • The Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024, initially published on August 21, 2024, are now officially brought into force.
  • The effective date of the regulations is September 16, 2024. This date was not specified in the initial publication and is now explicitly stated.
  • Regulation 1, Clause (2) of the aforementioned regulations, which allowed for the Commission to separately notify the effective date, has been fulfilled by this notification.

Impact Analysis

Impact on Electricity Generation Companies

  • Potential impact on profitability depending on adherence to the new mechanism and associated penalties for non-compliance.

Impact on Electricity Distribution Companies

  • Potential financial implications depending on their ability to meet the requirements of the Deviation Settlement Mechanism.

Impact on CERC

  • Potential for increased clarity and efficiency in the electricity market due to the new regulations.

Suggested Action Items

  • Stakeholders should proactively engage with CERC to clarify any ambiguities or address concerns regarding implementation.

Key Entities Referenced

Central Electricity Regulatory Commission (CERC): The regulatory body responsible for issuing and enforcing the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024. Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024: The regulations that govern the deviation settlement mechanism in the Indian electricity sector, effective from September 16, 2024. Gazette of India Extraordinary: The official publication where the regulations and this notification were published.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-11092024-257070 xxxGIDHxxx CG-DL-E-11092024-257070 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 712] नई दिल्ली, मगं लिार, जसतम्ब र 10, 2024/भाद्र 19, 1946 No. 712] NEW DELHI, TUESDAY, SEPTEMBER 10, 2024/BHADRA 19, 1946 अजधसचू ना नई दिल् ली, 27 अगस्ट्त, 2024 .—pfwad dsUæh; fo|qr fofu;ked vk;ksx ¼fopyu O;oLFkkiu ra= vkSj lac) ekeys½ fofu;e] 2024 fnukad 21-08-2024 dks Hkkjr ds jkti= vlk/kkj.k ds Hkkx& III] [kaM 4] la- 642 eas çdkf'kr gq, Fks] pfwad mä fofu;eksa ds fofu;e 1 ds [kaM ¼2½ eas mica/k gS fd fofu;e ml rkjh[k ls ço`Ùk gksxa s tks Hkh vk;ksx }kjk i`Fkd :i ls vf/klwfpr dh tk,xhA vkSj] vc] vr,o] ;g vf/klwfpr fd;k tkrk gS fd dsUæh; fo|qr fofu;ked vk;ksx ¼fopyu O;oLFkkiu r=a vkSj lac) ekeys½ fofu;e] 2024 fnukad 16-09-2024 ls ço`Ùk gksxa sA gjçhr flag çqFkh, lfpo [जिज्ञापन-III/4/असा./483/2024-25] 5801 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] CENTRAL ELECTRICITY REGULATORY COMMISSION NOTIFICATION New Delhi, the 27th August, 2024 No. L-1/260/2021/CERC.—Whereas the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024 were published in Part-III, Section 4, No. 642 of the Gazette of India Extraordinary on 21.08.2024, Whereas, Clause (2) of Regulation 1 of the said regulations provides that the Regulations shall come into force on such date as may be notified by the Commission separately. And, now, therefore, it is notified that the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related Matters) Regulations, 2024 shall come into force with effect from 16.09.2024. HARPREET SINGH PRUTHI, Secy. [ADVT.-III/4/Exty./483/2024-25] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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