India’s Carbon Market Takes Shape: From Policy Blueprint to Trading Reality
Laying the Groundwork: The Law That Started It All India has moved from pilots and intent to an operational design for a national carbon market. The legal foundation sits in the Energy Conservation (Amendment) Act, 2022, under which the government is
Karnataka’s 2025 Grid Code and Open Access Reset: A Turning Point for Market Access, Discipline, and Decentralized Power
What’s new - At a glance The Open Access Regulations, 2025 were notified on 26 March 2025. KEGC 2025 was notified in July 2025 and establishes a fresh intra-state grid discipline. Alongside, the state has issued a fresh Deviation Settlement Mechanism (DSM) regulation
India’s REC Framework 2025: A Shift Towards Smarter, Inclusive and Stricter Renewable Energy Compliance
The Central Electricity Regulatory Commission (CERC) has released the Draft Renewable Energy Certificate (REC) 1st Amendment Regulations, 2025, marking a major shift in India’s renewable energy compliance landscape. This amendment goes beyond routine revision, aiming to align renewable procurement, compliance,
Re-calibrating Power: How Transmission Governance Is Evolving in India
On 23 June 2025, the Ministry of Power (MoP) issued a Gazette notification amending the Electricity (Transmission System Planning, Development and Recovery of Inter State Transmission Charges) Rules, 2021. The amendment allows the Central Government to delegate approval authority for