The Central Electricity Regulatory Commission (CERC) has notified the CERC (Deviation Settlement Mechanism and Related Matters) Regulations, 2024.
These regulations seek to ensure, through a commercial mechanism, that grid users do not deviate from and adhere to their schedule of drawal and injection of electricity in the interest of security and stability of the grid. As per the notification, for the secure and stable operation of the grid, every grid-connected regional entity shall adhere to its schedule as per the grid code and shall endeavour not to deviate from its schedule. The deviation shall generally be managed through the deployment of ancillary services, and the computation, charges, and related matters in respect of such deviation shall be dealt with as per the provisions of these regulations. Further, the charges for deviation by way of injection of infirm power shall be zero if infirm power is scheduled after trial run as specified in the grid code, the charges for deviation over the scheduled infirm power shall be as applicable for a general seller or WS seller, as the case may be.
In October 2023, CERC had granted permission to modify renewable energy certificate agreements, resulting in alterations to the trading dynamics at both the Indian Energy Exchange and Power Exchange India Limited.
