Draft GERC (Terms and Conditions for Green Energy Open Access) (Fourth Amendment) Regulations, 2026 – EQ
Summary:
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### Key Amendments
#### 1. Amendment to Regulation 1(4) – Banking Charge Validity Period
The existing Regulation 1(4) is substituted to specify the validity period of banking charges:
> **”The Banking Charge specified in Regulation 17.6 shall be effective from the date of notification of these Regulations up to 30th June 2026 or earlier date on which the Commission notifies such charges through a separate notification of Regulation.”**
#### 2. Amendment to Regulation 17.6(viii) – Banking Charge Rate
The banking charge rate and its applicability period are amended as follows:
> **”The Banking Charge at rate of Rs. 1.50 per unit shall be effective from the date of notification of these Regulations up to 30th June 2026 or earlier date on which the Commission notifies such charges through a separate notification of Regulation. Thereafter, the banking charge for the period starting from the separate notification by Regulations notified by the Commission shall be applicable.”**
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### Banking Charges
| Item | Details |
|——|——–|
| **Banking Charge Rate** | **₹1.50 per unit** |
| **Applicability Period** | From notification date until **June 30, 2026** (or earlier if superseded by separate notification) |
| **Post-June 2026** | Banking charges will be governed by a separate regulation to be notified by the Commission |
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### Purpose and Impact
| Aspect | Details |
|——–|——–|
| **Objective** | To provide clarity on the banking charge validity period and rate for Green Energy Open Access (GEOA) consumers in Gujarat. |
| **Consumer Impact** | Existing GEOA consumers will continue to pay **₹1.50 per unit** as banking charge until June 30, 2026, unless revised earlier by a separate notification. |
| **Regulatory Certainty** | The amendment sets a clear sunset date for the current banking charge rate, after which new rates will apply. |
| **Flexibility** | The Commission retains the right to revise banking charges earlier through a separate notification. |
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