Summary:

—

### **1. PETITION OVERVIEW**

* **Petitioner:** Himachal Pradesh Power Transmission Corporation Limited (HPPTCL)
* **Respondents:** Himachal Pradesh State Electricity Board Limited (HPSEBL) and Others
* **Subject:** A petition filed under the **Electricity Act, 2003** and relevant CERC regulations for:
1. **Truing up** of the transmission tariff for the **2019-24** period (adjusting past tariffs based on actual costs).
2. **Determination** of the transmission tariff for the **2024-29** period (setting future tariffs).
* **Assets Involved:** The petition pertains to **three (3) Inter-State Transmission System (ISTS) assets** owned by HPPTCL.

—

### **2. PROCEEDINGS & COMMISSION’S DIRECTIONS**

During the hearing, the Petitioner’s counsel confirmed the petition’s purpose. The Commission then issued the following procedural and substantive directions:

**A. Procedural Timeline:**
1. **Notice** to be issued to all Respondents.
2. **Respondents** must file their **replies (on affidavit) within two weeks**, with an advance copy to HPPTCL.
3. **HPPTCL** may then file its **rejoinder within one week**.

**B. Specific Information Sought from HPPTCL (on affidavit within two weeks):**
The Commission directed HPPTCL to provide the following critical documents and justifications:
1. **Justification for Weighted Average Rate of Interest (WAROI):** HPPTCL must explain its use of a **10% WAROI** in its calculations.
2. **Tax Documentation:** Submission of **Assessment Orders or Income Tax Returns** for Minimum Alternate Tax (MAT) for Financial Years **2022-23 and 2023-24**.
3. **Detailed Note on Disputed Financial Components:** A comprehensive explanation claiming:
* **Interest on Loan (IoL)** for Asset-1.
* **Return on Equity (RoE)** for all assets in this petition.
* **Critical Context:** The Commission had previously **disallowed** these very components (IoL & RoE) in its past orders dated **16.5.2016 (Petition 119/TT/2014)** and **27.9.2021 (Petition 305/TT/2020)**. HPPTCL must now justify why these claims should be reconsidered.
4. **Auditor’s Certificates:** Submission of auditor-certified statements for the assets covering both the **2019-24 and 2024-29 tariff periods**.

**C. Next Hearing Date:** The petition is scheduled for the next hearing on **19 February 2026**.

—

### **3. KEY BUSINESS & REGULATORY IMPLICATIONS**

* **Regulatory Scrutiny:** CERC is subjecting HPPTCL’s tariff claims to **rigorous scrutiny**, especially on financial parameters that have been contentious in the past.
* **Critical Financial Disputes:** The core of the inquiry revolves around **Interest on Loan (IoL)** and **Return on Equity (RoE)**, which are major components of the tariff. HPPTCL’s ability to successfully justify these claims, contrary to past rejections, will significantly impact the final approved tariff and its revenue.
* **Data-Driven Justification:** The Commission demands **concrete evidence and detailed justifications** (WAROI rationale, tax proofs, auditor certifications) rather than mere claims, emphasizing **prudence and transparency**.
* **Historical Precedent:** HPPTCL faces an uphill task as it must argue against the **Commission’s own past decisions** that disallowed similar claims. This indicates a potentially significant regulatory hurdle.
* **Impact on Tariff:** The outcome of this petition will determine the **transmission charges** that HPPTCL can levy on users (like HPSEBL) for using its three ISTS assets for the next five years (2024-29) and will settle accounts for the previous five years (2019-24).

—

For more information please see below link:

Summary:

—-

**1. Official Details of the Amendment:**
– **Regulation Name:** Telangana Electricity Regulatory Commission (Terms and Conditions of Open Access) First Amendment Regulation, 2026.
– **Regulation No.:** 2 of 2026.
– **Date of Notification:** 24th January 2026.
– **Effective From:** The date of its publication in the Telangana Gazette.

**2. Purpose of the Amendment:**
– To align with clarifications from the **National Load Despatch Centre (NLDC)** regarding issuance of **Renewable Energy Certificates (RECs)**.
– To implement provisions under **Clause 7.2(e)** of the **CERC Procedure for Implementation of REC Mechanism 2024** (dated 07.03.2024).
– To enable **REC issuance to Renewable Energy Generators** for unutilised/banked surplus energy injected into the grid.

**3. Key Amendments to the Principal Regulation (No. 1 of 2024):**
– **Clause 14.11 – Energy Injected Before Wheeling Agreement:**
– Energy injected into the licensee’s network **between the grant of Green Energy Open Access (GEOA) and the submission of a wheeling agreement** will **not be paid for**.
– Such energy will be treated as **inadvertent power**.

– **Clause 33.5 – Issuance of RECs:**
– **Renewable Energy Generating Stations** will now be **entitled to RECs** for the **unutilised banked quantum of energy**.
– Previously, this entitlement was limited to the GEOA consumer; now it extends to the **generator**.

**4. Business Implications:**
– **For Renewable Energy Generators:**
– Can now monetise **surplus/unutilised banked energy** through RECs, improving project economics.
– Provides an additional revenue stream and enhances the viability of green energy projects.

– **For Open Access Consumers:**
– No change in REC entitlement for consumers—they remain eligible as before.
– Clarifies treatment of energy injected before formal wheeling agreements.

– **For Distribution Licensees (DISCOMs):**
– Clear guidelines on handling **inadvertent injection** during the pre-wheeling phase.
– No payment obligation for such energy.

—-

For more information please see below link:

Summary:

—-

## **1. Overview**
This document is a **Record of Proceedings (ROP)** from a hearing before the **Central Electricity Regulatory Commission (CERC)**. The hearing pertains to **Petition No. 11/TD/2026**, filed by **Adarsh Stainless Private Limited (ASPL)** seeking **upgradation of its inter-state electricity trading licence** from **Category IV to Category III**.

—

## **2. Key Details**
– **Petition Filed Under**:
– **Section 14** of the Electricity Act, 2003
– **Section 15(1)** of the Electricity Act, 2003
– **Regulation 15(1)** of the CERC (Procedure, Terms and Conditions for grant of trading licence and other related matters) Regulations, 2020
– **Regulation 9(4)** of the same Regulations
– **Petitioner**: Adarsh Stainless Private Limited (ASPL)
– **Date of Hearing**: 2.1.2026
– **Bench (Coram)**:
– Shri Jishnu Barua, Chairperson
– Shri Ramesh Babu V., Member
– Shri Harish Dudani, Member
– Shri Ravinder Singh Dhillon, Member

—

## **3. Commission’s Directions**
The Commission directed ASPL to **submit the following documents on affidavit within one week**:
1. **Auditor’s Report** and **Notes to Accounts** as prescribed under the **Companies Act, 2013**.
2. These must pertain to the **special balance sheet as on 15.11.2025**.
3. The submission must include **details of loans and advances to, and investments made in, associate entities** (if any).

—

## **4. Order Reserved**
– Subject to the above compliance, the **Commission reserved its order** in the matter.
– The order will likely be issued after reviewing the submitted documents.

—

## **5. Implications**
– **Licence Upgradation**: Upgradation from Category IV to Category III allows for **higher trading volumes** and expanded market participation.
– **Compliance Requirement**: ASPL must provide detailed financial disclosures, ensuring **transparency and regulatory compliance**.
– **Regulatory Scrutiny**: The Commission is conducting **due diligence** before approving the upgradation.

—

For more information please see below link:

Summary:

—-

## **1. Overview**
This document is a **public notice/circular** issued by the **Delhi Electricity Regulatory Commission (DERC)**. It announces the **proposal to amend** the existing **Delhi Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2005** (referred to as the “Principal Regulations”). The amendment is titled **”Draft Delhi Electricity Regulatory Commission (Terms and Conditions of Open Access) (Second Amendment) Regulations, 2025″**.

—

## **2. Legal Authority**
The amendment is proposed in exercise of powers conferred under:
– **Section 39** of the Electricity Act, 2003
– **Section 40** of the Electricity Act, 2003
– **Section 42** of the Electricity Act, 2003
– **Section 181** of the Electricity Act, 2003

—

## **3. Availability of Draft Regulations**
– The **draft amendment regulations** are available on the **DERC website**: **[www.derc.gov.in](http://www.derc.gov.in)**

—

## **4. Invitation for Stakeholder Feedback**
– **Stakeholders** (including consumers, generators, distribution companies, traders, etc.) are invited to submit:
– **Suggestions**
– **Comments**
– **Objections**
– **Submission Deadline**: **12 February 2026, by 5:00 PM**
– **Submission Methods**:
1. **By Post**: To the **Secretary, DERC** at the Commission’s address.
2. **By Email**: **[secyderc@nic.in](mailto:secyderc@nic.in)**

—

## **5. Issuance Details**
– **Date of Circular**: **23 January 2026**
– **Issued By**: **Joint Director (PS&E)**, Delhi Electricity Regulatory Commission

—

## **6. Key Implications**
– **Regulatory Update**: This amendment aims to revise the open access terms and conditions in Delhi’s electricity sector, potentially impacting **power generators, distribution licensees, consumers, and traders**.
– **Public Consultation**: DERC is following a **transparent, consultative process** by inviting stakeholder feedback before finalizing the regulations.
– **Next Steps**: After the feedback period, DERC will review the inputs and issue the final amended regulations.

—

For more information please see below link: