The Maharashtra Electricity Regulatory Commission (MERC) has issued a notification of operationalisation of principles for merit order despatch (MOD) stack and provisions of technical minimum at 55 per cent along with compensation mechanism as specified under MERC (State Grid Code) Regulations, 2020.
The principles for MOD stack specified in the Regulation 33 of MEGC, 2020 shall be operationalised under existing final balancing and settlement mechanism (FBSM) framework subject to operational governing principles and commercial settlement mechanism under FBSM regime from the month of October 2020.