Market & Policy

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CERC Yet to Act on ISTS Charges Waiver for Open Access Renewables Proposed by Ministry of Power

Nearly a year after the Ministry of Power (MOP) extended the timeline and widened the scope for waiver of the interstate transmission system (ISTS) charges for renewable...

October 27, 2022

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Gourav Mishra

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Grid

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Market & Policy

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Mercom Research Focus
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Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21

The Average Cost of Supply (ACS) for distribution companies (DISCOMS) increased from ₹6.14 (~$0.074)/kWh in financial year (FY) 2019-20 to ₹6.19 (~$0.074)/kWh in FY...

October 21, 2022

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Arjun Joshi

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Grid

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Grid Optimization

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Market & Policy
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Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a...

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Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Retail sales of electric vehicles (EVs) clocked 257,278 units in the third quarter (Q3) of the calendar year 2022. This represents a 183% year-over-year (YoY) growth...

October 20, 2022

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Arjun Joshi

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Electric Vehicles

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Grid

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Market & Policy
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Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing

Uttar Pradesh will provide a 30% base capital subsidy for the first two integrated electric vehicle (EV) and ultra-mega battery projects up to a maximum of ₹10 billion...

October 17, 2022

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Arjun Joshi

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Electric Vehicles

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Grid

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Market & Policy
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CERC to Evaluate Pricing Methodology in Power Exchanges, Invites Stakeholder Comments

The Central Electricity Regulatory Commission (CERC) has issued a discussion paper on pricing methodology in the power trading market in the wake of price spikes and...

October 14, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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Market Clearing Price Cap of ₹12/kWh in Power Exchanges Valid Until December-end

The Central Electricity Regulatory Commission (CERC) has ruled that the power exchanges should continue to allow members to quote a price in the range of ₹0/kWh to...

September 29, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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Implementation of Revisions to EV Battery Testing Standards Postponed

The Ministry of Road Transport and Highways (MoRTH) has extended the implementation of amendments to Electric Vehicle (EV) battery testing standards from October 1, 2022,...

September 29, 2022

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Gourav Mishra

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Electric Vehicles

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Market & Policy
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Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a request by the Uttar Pradesh Power Corporation (UPPCL) to issue a tender to install five...

September 23, 2022

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Gourav Mishra

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Energy Storage

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Market & Policy
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Punjab Aims 25% EV Registrations by 2027, Incentivizes Giga Battery Manufacturing

The draft Punjab Electric Vehicle Policy 2022 has targeted 25% of annual vehicle registrations to be electric vehicles (EVs) by 2027. The draft policy issued by the...

September 20, 2022

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Gourav Mishra

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Electric Vehicles

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Grid

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Market & Policy
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Regulator Allows DISCOMs to Buy Green Power from Exchange-Linked Contracts

The Maharashtra Electricity Regulatory Commission (MERC) recently directed three distribution companies (DISCOMs) to tie up the medium-term and short-term power for...

September 16, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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A Smarter Grid Imperative for Efficient Clean Energy Transition: GE Interview

Maintaining grid stability is critical to transmitting the required power to consumers with increasing energy demands. Due to their intermittency, renewable assets...

September 15, 2022

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Satish Shetty

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Grid

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Market & Policy
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Husk Power Secures $6 Million Debt Facility to Implement Solar Microgrids

Husk Power Systems, which operates solar-hybrid microgrids across rural Asia and Africa, has signed a debt facility of $6 million from the EU- funded Electrification...

September 15, 2022

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Vijayalakshmi Sridhar

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Grid

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Market & Policy
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Rajasthan Lays Thrust on Electric Vehicle Manufacturing in its EV Policy 2022

The Rajasthan EV policy 2022 lays out financial and non-financial incentives and initiatives that would support the adoption of electric vehicles (EV) and seeks to...

September 9, 2022

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Vijayalakshmi Sridhar

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Electric Vehicles

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Grid

,

Market & Policy
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Chhattisgarh’s EV Policy Targets 15% of All Vehicles to Be Electric by 2027

The Chhattisgarh State Electric Vehicle Policy, 2022 aims to accelerate the adoption of electric vehicles (EV), especially in the two-wheeler, public/shared transport,...

September 8, 2022

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Vijayalakshmi Sridhar

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Electric Vehicles

,

Grid

,

Market & Policy

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3

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