The Electricity Amendment Bill 2025 Is the Power Reset India Can No Longer Delay
India’s electricity sector has been stuck between ambition and dysfunction for nearly two decades. The Electricity Act 2003 promised a competitive, efficient, open-access ecosystem, yet what emerged was a system marked by DISCOMs drowning in losses, tariffs distorted beyond logic,
Karnataka Electricity Pension and Gratuity Costs Need a Transparent and Fair Framework
Introduction Karnataka’s electricity sector is entering a decisive moment. The recent decision by the Karnataka Electricity Regulatory Commission (KERC) permitting distribution companies to recover pension and gratuity liabilities from consumers brings an important but uncomfortable reality into the open. These liabilities
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
Regional REC Dynamics: Why Some States Drive Demand While Others Lag
Renewable Energy Certificate (REC) demand in India isn’t uniform. Some states consistently drive trading activity, while others barely participate. The reasons behind this divergence go beyond the statistics. Regulatory enforcement, industrial structures and the evolution in the way state markets
Uttarakhand Cabinet Clears Geothermal Energy Policy 2025 to Strengthen Renewable Energy Portfolio
On 9 July 2025, the Uttarakhand state cabinet approved the Geothermal Energy Policy 2025, marking the first structured framework for the exploration and development of geothermal resources in the state. This policy seeks to harness the Himalayan hot springs for
The Future Price of Power: Why Electricity Derivatives Matter for India’s Market Evolution
In a world where electrons flow in real time but markets often lag behind, electricity derivatives represent the financial sophistication India’s power sector needs but policymakers have been cautiously avoiding. For a country hurtling toward a high-renewable, decentralised, and demand-responsive
India Energy Stack: Powering the Digital Grid of the Future
India’s electricity exchanges which were once plain trading platforms are fast becoming engines of market reform. Short-term power markets, including all channels such as power exchanges, bilateral trades, direct contracts, and DSM, accounted for about 12.5% of India’s total electricity