The Punjab State Electricity Regulatory Commission (PSERC) on December 02, 2025, issued the Punjab State Electricity Regulatory Commission (Deviation Settlement Mechanism and related matters) Regulations, 2025.
The following has been stated namely –
• The Regulations establish a comprehensive Deviation Settlement Mechanism (DSM) to ensure grid discipline by financially settling deviations between scheduled and actual drawal or injection of electricity by buyers and sellers in Punjab.
• They apply to generators, distribution licensees, open access consumers, and captive power plants, subject to specified capacity thresholds and exclusions for wind and solar generators governed by separate regulations.
• The State Load Despatch Centre (SLDC) is entrusted with scheduling, deviation computation, weekly settlement, and maintenance of the State Deviation Pool Account.
• Deviation charges are determined based on market-discovered prices, grid frequency, and volume limits, with differentiated treatment for general sellers, RoR plants, MSW-based plants, energy storage systems, and buyers.
• The Regulations also include anti-gaming provisions, penalties for persistent defaults, interest on delayed payments, and mandatory Letters of Credit to secure DSM liabilities.
• They come into force from April 01, 2026, and repeal the earlier DSM Regulations, 2020.
[Notification no. - PSERC/Secy./Regu. 199]
