CERC issues Terms and Conditions for Dealing in Energy Savings Certificates (First Amendment) Regulations, 2022

The Central Electricity Regulatory Commission (CERC) has issued the CERC (Terms and Conditions for Dealing in Energy Savings Certificates) (First Amendment) Regulations, 2022.

As per the amendment, the floor price for the trading of energy saving certificates as mentioned in the energy conservation rules will be fixed at 10 per cent of the price of one metric tonne of oil equivalent of energy consumed as may be notified by the central government, by notification in the official gazette for every perform, achieve and trade (PAT) cycle. Further, it defines floor price as the minimum price at which the energy savings certificate will be traded on the power exchanges.