Draft CERC (Power Market) (Second Amendment) Regulations, 2026 – EQ

Summary:

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## Key Business Points

### 1. **What is Being Proposed?**

CERC has prepared the **Draft Central Electricity Regulatory Commission (Power Market) (Second Amendment) Regulations, 2026**. This is an **amendment** to the existing *CERC (Power Market) Regulations, 2021*, which govern:
– Power exchange operations
– Market coupling
– Bidding protocols
– Price discovery mechanisms
– Market surveillance and integrity

> ⚠️ *The exact content of the draft amendment is not provided in this notice – the notice only invites comments. Businesses must download the full draft from CERC’s website to assess specific changes.*

### 2. **Why This Matters to Businesses**

The Power Market Regulations affect:
| Stakeholder | Impact Area |
|————-|————–|
| **Power generators (including RE)** | Price discovery in day-ahead, real-time, and term-ahead markets |
| **Distribution licensees (DISCOMs)** | Power procurement costs, market access |
| **Power traders** | Trading margins, bidding rules, market transparency |
| **Captive power producers** | Ability to sell surplus through exchanges |
| **RE developers** | Integration with green power markets, REC mechanisms |
| **Large industrial consumers** | Open access and direct market participation |

### 3. **How to Participate in Public Consultation**

| Method | Details |
|——–|———|
| **Written comments** | Send to: Secretary, CERC, World Trade Centre, 7th Floor, Tower-B, Nauroji Nagar, New Delhi – 110029 |
| **Email** | secv@cercind.gov.in and mahesh.khicher@cercind.gov.in |
| **Online (SAUDAMINI Portal)** | Upload via e-Regulation link on e-filing Home Page after login |
| **Deadline** | **16th May 2026** |
| **Late submissions** | Will not be considered |

### 4. **Technical Support for Submission**

For queries on uploading comments via SAUDAMINI Portal:
– **eCourt Helpdesk:** 011-26189709 Extension 260

### 5. **Key Dates for Businesses**

| Event | Date |
|——-|——|
| Public notice issued | 17th April 2026 |
| **Last date for comments** | **16th May 2026** |
| Likely finalization | After 16th May 2026 (exact date not specified) |

### 6. **Strategic Recommendations for Stakeholders**

| Action | Why |
|——–|—–|
| **Download draft regulations immediately** | To understand specific amendments (e.g., market coupling, bidding curves, settlement timelines) |
| **Analyze impact on your business model** | Changes could affect PPA pricing, exchange participation costs, or market access |
| **Prepare written comments** | Even generic statements are less effective than data-backed suggestions |
| **Engage industry associations** | Collective representations carry more weight |
| **Submit before deadline** | 16th May 2026 – no extensions indicated |
| **Use both email and portal** | To ensure receipt |

### 7. **Potential Amendment Areas (Inferred from Current Market Issues)**

While the draft text is not in this notice, past CERC power market amendments have addressed:
– **Market coupling** – Single price discovery across multiple exchanges
– **Real-time market (RTM)** – Liquidity and price volatility
– **Green term-ahead market (GTAM)** – Separate window for renewable energy
– **Ancillary services** – Frequency and reserve market integration
– **Market surveillance** – Anti-manipulation provisions
– **Cross-border trade** – Nepal, Bhutan, Bangladesh, Myanmar

> ✅ Businesses in **renewable energy, trading, and open access** should pay special attention.

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