The Central Electricity Regulatory Commission (CERC) on December 07. 2022 published the Central Electricity Regulatory Commission (Terms and Conditions for Dealing in Energy Savings Certificates) (First Amendment) Regulations, 2022 to further amend the Central Electricity Regulatory Commission (Terms and Conditions for Dealing in Energy Savings Certificates) Regulations, 2016.
These regulations shall come into force on December 07, 2022.
The following has been amended namely: -
• Insertion of sub-clause (r) under clause (1) of Regulation 2 that states “Definitions”
“(r) ‘Floor Price" means the minimum price at which the Energy Savings Certificate shall be traded on the power exchanges.”
• Insertion of clause (3) under Regulation 11 that states “Pricing of Certificate”
“(3) The floor price for the trading of Energy Savings Certificates as mentioned in the Energy Conservation Rules shall be fixed at ten percent of the price of one metric tonne of oil equivalent of energy consumed as may be notified by the Central Government, by notification in the Official Gazette for every Perform, Achieve and Trade Cycle.”
[Notification No. L-1/97/2016]
